Boston, MA, 03/12/2014 – E I Du Pont De Nemours And Co (NYSE:DD) has been around since 1802. Companies cannot last that long without innovation. DuPont has seen many ups and downs in the global economy in the 212 years it has been around. It has always shifted its priorities to suit the needs of the times. From its early days when it was a leading supplier of gunpowder to the United States military to being an early investor in the auto industry, DuPont and its founders have spotted opportunities well.
Throughout the early decades of the 20th century, E I Du Pont De Nemours And Co (NYSE:DD) came up with many inventions including neoprene and nylon. Teflon, Mylar, Dacron, Lycra, and Kevlar are among the better known inventions from DuPont. It has built up a great product portfolio and market share with the help of these inventions. But you cannot depend on old inventions forever.
A Global Science Company
That’s how E I Du Pont De Nemours And Co (NYSE:DD) chooses to describe itself in the 21st century. With R&D facilities in such diverse locations as China, India, Japan, Germany, and Switzerland, DuPont certainly knows how to operate in an interconnected global economic environment.
Being in the chemicals business, controversies cannot be far from any company. E I Du Pont De Nemours And Co (NYSE:DD) has had its share of controversies including the one related to the use of CFCs. After the danger to the environment from CFCs became known, DuPont eventually became a leader in developing CFC replacements.
E I Du Pont De Nemours And Co (NYSE:DD) is well placed to take advantage of the global economic scenario. It has extensive presence in the agriculture business and is experiencing significant growth. DuPont hopes to increase its market share in developing markets so that they comprise 40% of sales by 2015. The developing parts of the world are where the population is still on the rise and the demand for food grains and related products will continue to grow. DuPont is well-placed to take advantage of that demand growth.
Apart from agriculture, however, DuPont is present in a myriad of industries: everything from Aircraft & Aerospace, Automotive, Chemicals, Electronics, Energy, Plastics, Utilities, and many other industries. As long as the world economy does well, DuPont will do well as well.