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Business
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| Number of pages / Number of words: |
5 / 1310 |
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They supplied the Union Army with gunpowder during the Civil War, produced various supplies during WWI and WWII, and played a major role in both the Manhattan Project and the Apollo Space Program. More recently Du Pont has grown and diversified its business mainly through acquisitions and research and development...
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This maximized its financial flexibility and protected its businesses from financial constraints. They began to feel competitive pressures in the 1970s and their response put them further in the economic hole. They began a major capital spending program to restore their cost position that grew much higher than expected due to inflation...
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