Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
DowDuPont
Companies and corporations

DowDuPont Corporation: from gunpowder production to industrial safety solutions

11.10.2022
2 min read

How the history of the DowDuPont chemical corporation began

DowDuPont is one of the largest chemical corporations in the world. In 2017, after a merger with Dow Chemical, the company became known as DowDuPont. However, its history began more than 200 years ago, when in 1801 a young French immigrant, Éleuthère Irénée du Pont, decided to hunt in Pennsylvania. After buying gunpowder in one of the local stores, he was disappointed with its quality and decided to improve the situation.
It should be noted that du Pont had studied chemistry under a famous professor, so he understood all the processes of gunpowder production. He went to local factories to understand what the problem was with the poor quality of the substance. It turned out that the American enterprises were producing according to outdated technology, so Éleuthère decided to start his own business.
In 1804 the first batch of DuPont gunpowder was produced. It immediately gained popularity, because at that time there were no other explosives besides this product. The fields of application of gunpowder were diverse – military industry, construction, road building, agriculture, and many others. However, the key buyer of raw materials was the American government. Despite the competition, du Pont’s business remained the main partner for the government. The French businessman’s ties to the president, Thomas Jefferson, played a major role in this.chemical giant DowDuPontBy 1811 DuPont became the largest company in the United States, and the volume of government orders increased tenfold through the War of 1812-1814. The states were expanding territory, defending their interests in Mexico, and fighting in the North and South, and all of du Pont’s gunpowder needs were covered by the company. By the twentieth century, the business controlled more than 70% of explosives production in the United States.
However, the production of gunpowder and explosives is dangerous and requires serious precautions. To reduce the risk of a large number of deaths in the event of an explosion, DuPont built its production facilities in such a way that employees would not be harmed in the event of a collapse. It can be said that the company was one of the first to introduce a system of industrial safety. It consisted in that middle-level employees had to live on the production site, and there had to be someone from the du Pont family present at all times.
Safety was a major concern for the company, not just to keep people alive. It became the basis of sustainable business development: the fewer accidents in production, the lower the costs to the company. By 1970, DuPont had formed a concept of industrial safety based on its own experience. The company began to sell its product, and after a while, it went into a separate line of business called “Protection Solutions”. Sales in this segment bring the business more than $1 billion annually.

Tags: Companies and corporations
0
Previous Post ETF: benefits of working with the Exchange Traded Fund Next Post Robert Kiyosaki: how the loser managed to build an info business empire

You Might Also Like

BP company petrol station in London
Companies and corporations
The British oil and gas company BP: history of origins
20.01.2022
Boeing 737 MAX
Companies and corporations
The Boeing 737 MAX was one of the reasons why the profit of the American air giant decreased
06.11.2020
koenigsegg
Companies and corporations
Koenigsegg is a Swedish sports car manufacturer
11.12.2021
ExxonMobil company
Companies and corporations
ExxonMobil: history of origin
29.07.2020
FIAT: history of automobile manufacturer
Companies and corporations
FIAT: the history of the Italian car manufacturer
01.09.2022
Apple profits
Companies and corporations
Apple’s profit was record-breaking in the fourth quarter of 2019
16.11.2020

Recent Posts

  • 1Erik Penser
    Erik Penser: the ups and downs of the Swedish businessman
    30.03.2023
  • 2Royal Dutch Shell logo
    Royal Dutch Shell: the history of the British-Dutch company
    29.03.2023
  • 3discount window features
    Discount window: peculiarities of lending from the Federal Reserve System
    28.03.2023
  • 4LG Energy Solution
    LG Energy Solution invests in battery production expansion
    27.03.2023
  • 5troubled crypto exchanges-2
    SEC to closely monitor troubled crypto exchanges
    26.03.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Ingeborg Mootz: a woman who became a stock player at the age of 75

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Japanese Central Bank
Japan’s Central Bank widened the range of bond yields
31.03.2023
Erik Penser
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023
Royal Dutch Shell logo
Royal Dutch Shell: the history of the British-Dutch company
29.03.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Rabobank investment bank considered the actions of the Central Bank of Poland
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics