Enterprise Succeeded for Two Centuries Based on Chemical Offerings, from Gunpowder to Nylon to Teflon. The Cull-Menised DuPont
Good Morning, Bonjour, Guten Tag,
Readers, no doubt about it. DuPont Chieftess Ellen J. Kullman feels comfortable in the kitchen with her corn and beans and food additives. She proclaims to the media she's running "a science-based food, fuel, and protection" boutique. Sneering at chemicals, Ms. Kullman is determined to blast every vestige of chemical operations and chemical-based materials out of the fading DuPont empire.
But for two centuries it was chemicals which made the DuPont Company great, the largest and most powerfully innovative chemical enterprise on the globe for virtually all of the last century. DuPont without chemicals, is like Microsoft without software, Ford without cars, Boeing without planes, and U. S. Steel without steel. Can you imagine Dow Chemical stripped of chemicals? Or BASF? Sans chemicals, DuPont is a second-rate player in seeds and crop protection and additives and enzymes, seriously lagging Monsanto, Syngenta, and Novozymes respectively. Oh, and throw in a few unprofitable bio-projects like DuPont corn cob "gasoline" (costly bad mileage-ethanol) and you have the new Cull-Menised DuPont.
We don't believe the brand new "completely transformed" DuPont will survive very long at all in the rigours of the global economy.
Merely the morning opinion of one individual investor and long-time student of the sliding and sinking DuPont