| E.I. DuPont de Nemours & Co. | (NY: DD) |
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May 19, 2013
DuPont (NYSE:DD) is a global chemical and technology conglomerate that manufactures materials used in automotive manufacturing, construction, pharmaceuticals, agriculture, and electronics.[1] Agriculture & Nutrition, Safety & Protection, and Electronics are the growth centers for the company, while its Performance Coatings, Performance Materials, and Performance Chemicals divisions serve as reliable sources of cash flow. [2]
Dupont has also manufactures genetically modified plants used to produce renewable energy such as ethanol and biobutanol. Rising oil prices have led to higher demand for alternative energy, and many states have started to require that ethanol be added to gasoline to reduce pollution and conserve oil. Since DuPont's acquisition of Pioneer Hi-Bred in 1999, the company has grown to become the world's largest seed company by sales, providing genetically modified plants that produce the highest levels of corn or soybean per acreage. [3]
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