Word: ponts
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Into Europe. None seem called for. Profits may not be as high as management might like, but I.C.I., the world's second largest chemical manufacturer (after Du Pont), has revitalized itself in the face of increasing competition and falling world prices in key chemicals. Under Chambers, an economist, the company brought in a U.S. management-consultant firm to streamline its organization, moved more vigorously into plastics and synthetic fibers, expanded research in such products as weed killers, antimalarial drugs and fertilizers. Chambers also prodded I.C.I.'s eight product divisions and 257 subsidiaries into becoming more aggressive in staking...
...abroad in 1965, hitting the European capital market through a Luxembourg holding company came into vogue among U.S. companies. Mobil Oil, the first to be enticed, organized Mobil Oil Holdings, S.A., and in June 1965 floated a $28 million bond issue to finance foreign operations. Uniroyal, Bankers Trust, Du Pont, Alcoa, Honeywell, ITT, and Standard Oil (Indiana), among others, followed Mobil's lead...
...Most chemical companies reported a disappointing quarter. Du Pont, with a 1% decrease in sales to $763 million and an 18% decline in earnings to $74,330,000, blamed the downturn primarily on "sluggishness in the civilian sector of the economy." Union Carbide, anticipating lower sales and earnings also, attributed the drop to a major expansion program now under...
...best year in the firm's history," agrees Managing Partner Charles Moran of the Manhattanbased brokerage house of Francis I. du Pont & Co., one of the four who have overcome the general passion for secrecy. Last year Du Pont's profits climbed 19½% to $4,340,152, while its revenues rose 12% to $70,637,738. That may sound like a bundle, but it actually amounted to a mere 6.1% profit ratio, well below the amount of revenue that most industrial companies keep after taxes. Still, it was a considerably better performance than that of the typical...
...satisfied with Bufete are its U.S. customers that they rely on the firm when considering further expansion in Mexico. Celanese Corp. of America has used Bufete for 26 jobs, Diamond Alkali for seven, Du Pont for 14, and General Motors for two. Among Bufete's present projects: a $20 million pulp and paper plant for Kimberly-Clark in Veracruz and a $30 million Kodak filmmaking plant at Guadalajara...