In 2014, DuPont was the world’s fourth largest chemical company based on market capitalization and eighth based on revenue. On August 31, 2017 it merged with The Dow Chemical Company to create DowDuPont Inc., the world’s largest chemical company in terms of sales. DuPont was founded in 1802 by Éleuthère Irénée du Pont, using capital raised in France and gunpowder machinery imported from France. The company grew quickly, and by the mid-19th century had become the largest supplier of gunpowder to the United States military, supplying half the powder used by the Union Army during the American Civil War.
Second World War: 1941–1945
DuPont ranked 15th among United States corporations in the value of wartime production contracts. As the inventor and manufacturer of nylon, DuPont helped produce the raw materials for parachutes, powder bags, and tires. DuPont also played a major role in the Manhattan Project in 1943, designing, building and operating the Hanford plutonium producing plant in Hanford, Washington. In 1950 DuPont also agreed to build the Savannah River Plant in South Carolina as part of the effort to create a hydrogen bomb. DuPont has been the key company behind the development of modern body armor. In the Second World War DuPont’s ballistic nylon was used by Britain’s Royal Air Force to make flak jackets.
In 1981, DuPont acquired Conoco Inc., a major American oil and gas producing company. In 1999, DuPont sold all of its shares of Conoco, which merged with Phillips Petroleum Company, and acquired the Pioneer Hi-Bred agricultural seed company. DuPont businesses are organized into the following five categories, known as marketing “platforms”: Electronic and Communication Technologies, Performance Materials, Coatings and Color Technologies, Safety and Protection, and Agriculture and Nutrition.
The agriculture division, DuPont Pioneer makes and sells hybrid seed and genetically modified seed, some of which goes on to become genetically modified food.
When cast iron skillets were replaced with Teflon, human iron deficiency sky rocketed. History continues to expose companies who strive for greed and not health and prosperity for the people.