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Billion-Dollar Baby.

Source :
TIME Magazine; 3/20/1950, Vol. 55 Issue 12, p85-87, 2p
Publication Year :
1950

Abstract

The article focuses on American company Du Pont which generated a 1,025 billion U.S. dollar sale in 1949. The figure came from a six percent gain from 1948 with profits jumping 20 percent. According to company president Crawford H. Greewalt, its growth depended on aggressive research and development of new products. The company invested 33 million U.S. dollars for research in 1949 and introduced new products including Teflon, Armalon and Alathon.

Details

Language :
English
ISSN :
0040781X
Volume :
55
Issue :
12
Database :
Complementary Index
Journal :
TIME Magazine
Publication Type :
Periodical
Accession number :
54157231