Word: du
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...magic is going out of the "miracle" synthetic fibers, particularly those which are supposed to resemble wool. Sales of Acrilan are so slow that Chemstrand Corp. has cut output at its new $30 million Decatur (Ala.) plant to 17% of capacity, laid off all but a handful of workers. Du Font's Orion is not selling well either for use in worsted fabrics. Weavers, disillusioned about the extravagant billings of man-made fibers, are cutting their orders...
...federal taxes for the first half of 1953, E. I. du Pont de Nemours & Co. set aside $233 million, $7,000,000 more than it paid its 90,000 employees in wages...
Ever since Du Font's quick-drying lacquer (Duco) revolutionized automobile painting in the 1920s, chemists have tried to find a similar paintmaking resin which could be dissolved in water, instead of in costly, inflammable solvents. But almost anything that water would dissolve could also be washed away by water after it dried. Last week Reichhold introduced a water-soluble resin which is the base for a paint that, after baking, can't be washed off. Moreover, it also withstands weathering, salt water and corrosion. For automakers, Reichhold's resin may mean an end to flash fires...
...worried about the difficulty of competing with giants. He has been doing it since he first went into business in 1925 in a one-car garage in Detroit. Son of a German paint manufacturer, Reichhold had come to the motor capital a year earlier, attracted by the exciting new Du Pont auto finishes. He spent three years as supervisor of Ford's paint manufacturing plant, but on the side, with a $10,000 stake from his father, began boiling synthetic resins experimentally in a kettle in a friend's garage. He used a formula developed by his father...
What did all this add up to? Few businessmen thought it was anything more than what they called it: isolated soft spots. Some of the biggest, like Du Pont's President Crawford H. Greenewalt, were strongly optimistic. Said Greenewalt: "There is in my opinion no more reason to credit current pessimism than there was to take to the woods in 1945." The facts bore him out. Business was still expanding vigorously, as evidenced by A.T. & T.'s plans to offer $625 million in convertible debentures, the largest single new financing issue in U.S. corporation history...