05.11.02

1. The Company 2. Who, where, how much? 3. Influence 4. Corporate Crimes 5. More information contacts and links

DuPont (E. I. DuPont de Nemours and Company)
A Corporate Profile

By Corporate Watch UK
Completed November 2002

---

2. Who, where, how much?

---

Head Office

1007 Market St., Wilmington, Delaware, USA
E-mail: info@dupont.com
Phone: (24-hour Corporate Information Centre)
1-800-441-7515 (US callers only)
1-302-774-1000 (from anywhere in the world)
Website: www.dupont.com

Addresses of DuPont offices and factories worldwide can be found at:
http://www.dupont.com/corp/overview/worldwide/index.html

A list of the company’s major plants and the main products produced there can also be found on pages 50-51 of the company’s annual Data Book: http://www.dupont.com/corp/news/publications/dupfinancial/01databk.pdf

Company Structure/Ownership

DuPont is a publicly owned company.

According to the company’s Annual Report (2001), DuPont is divided into 22 strategic business units. A list of the company’s business units can be found at http://www.dupont.com/corp/overview/ventures/index.html . Within the strategic business units, a wide range of products are manufactured for distribution and sale to many different markets. These include the transportation, textile, construction, motor vehicle, agricultural, home furnishings, medical, packaging, electronics and the nutrition and health markets. The company operates through five “market- and technology-focused growth platforms”: DuPont Electronic & Communication Technologies; DuPont Performance Materials; DuPont Coatings & Color Technologies; DuPont Safety & Protection; and DuPont Agriculture & Nutrition. A sixth grouping - Textiles and Interiors – looks likely to be spun off as a separate company. [36] A further breakdown of these business groupings including details of the company’s joint projects can be found at: http://www.dupont.com/corp/overview/ventures/index.html

Even more detailed information, including the products each industry group produces can be found in the company’s 2001 Data Book at: http://www.dupont.com/corp/news/publications/dupfinancial/01databk.pdf

Employees: 79,000. Approximately half work outside the United States[37]. They had 93,000 employees in 2001, however numerous jobs have been lost over the past year due to restructuring and sell offs.[38] In recent years DuPont has increasingly been trying to cut its costs by outsourcing its staff. For example, the company outsourced its computer and information technology functions in 1997, signing a 10-year, $4 billion agreement with Computer Sciences Corp. and Andersen Consulting, now known as Accenture. About 3,100 DuPont workers became employees of those two firms.[39]

Global Distribution: Operating in 70 countries worldwide with a total of 135 manufacturing and processing facilities.
Research & Development: More than 40 research and development and customer service labs in the United States, and more than 35 labs in 11 other countries.[40]
Fortune 500: 70th largest U.S. industrial/service corporation.[41]

Share Value

See: http://www.dupont.com/

Major Shareholders [42]

Top Institutional Holders	Shares	%Out*	Value**	Reported
Wilmington Trust Company	37,848,682	3.81	$1,556,337,803	31-Mar-02
State Street Corporation	36,347,254	3.66	$1,494,599,084	31-Mar-02
Barclays Bank Plc	34,209,553	3.44	$1,406,696,819	31-Mar-02
AXA Financial, Inc.	22,718,894	2.29	$934,200,921	31-Mar-02
FMR Corporation	20,280,665	2.04	$833,940,944	31-Mar-02
Taunus Corporation	19,169,821	1.93	$788,263,039	31-Mar-02
Wellington Management Company	18,929,985	1.91	$778,400,983	31-Mar-02
Vanguard Group, Inc. (The)	16,944,887	1.71	$696,773,753	30-Jun-02
Morgan Stanley	15,854,609	1.6	$651,941,522	31-Mar-02
Mellon Bank, N.A.	14,582,154	1.47	$599,618,172	30-Jun-02

 

Top Mutual Fund Holders	Shares	%Out*	Value**	Reported
Vanguard Index 500 Fund	8,476,960	0.85	$348,572,595	31-Dec-01
Fidelity Magellan Fund Inc	7,100,000	0.71	$291,952,000	31-Mar-02
Putnam Fund For Growth and Income	6,033,817	0.61	$248,110,555	31-Oct-01
College Retirement Equities Fund-Stock Account	5,571,013	0.56	$229,080,054	31-Dec-01
Vanguard/Wellington Fund Inc.	4,500,000	0.45	$185,040,000	30-Nov-01
Mercury Basic Value Fund	3,900,000	0.39	$160,368,000	1-Dec-01
Merrill Lynch Basic Value Fund	3,900,000	0.39	$160,368,000	31-Dec-01
Morgan Stanley Dividend Growth Securities	3,850,000	0.39	$158,312,000	28-Feb-02
BB Amerika Invest	3,500,000	0.35	$143,920,000	31-Mar-02
Vanguard Institutional Index Fund	3,429,929	0.35	$141,038,680	31-Dec-01

*Institutional holdings as a percentage of the current shares outstanding.
**Hypothetical value based on price of $41.12 as of 23-Aug-02. Position may have increased or decreased since the report date.

Annual Turnover

In 2001 the company’s turnover was $24,7 billion.[43] Performance coatings and polymers accounted for 21% of 2001 revenues; speciality fibres, 16%; agriculture & nutrition, 16%; speciality polymers, 14%; pigments and chemicals, 13%; nylon, 10%; polyester, 6%; pharmaceuticals, 3% and other, 1%.[44]
A further breakdown of the company’s profits by sector can be found at: http://profiles.wisi.com/profiles/scripts/corpinfo2.asp?cusip=263534109 and in the company’s annual Data Book:
http://www.dupont.com/corp/news/publications/dupfinancial/01databk.pdf

Net income
In 2001 net income was $4.3 billion.[45]

Board of Directors

Charles O. Holliday, Jr.
Chairman of the Board (since 1999) and Chief Executive Officer (since 1998)
In 2001 his total salary was $1.1 million.[46] He has been with DuPont for 30 years and is also on the board of Analog Devices, Inc  and Catalyst. ‘Chad’ sits on the Chancellor's Advisory Council for Enhancement at the University of Tennessee at Knoxville, and is a senior member of the Institute of Industrial Engineers. In September 2002 he was appointed by President George W. Bush to serve on the National Infrastructure Advisory Council.[47]

Alain J.P. Belda
A director since January 2000, Mr Belda is Chairman, President and Chief Executive Officer of Alcoa Inc., the world's largest producer of primary aluminium and fabricated aluminium. He is also sits on the boards of Citigroup Inc. and Cooper Industries.[48]

Richard H. (Dick) Brown
Dick is Chairman of the Board and CEO of EDS, the leading global services company. He was formely CEOof Cable & Wireless PLC, president and CEOof H&R Block, Inc. and vice chairman of Ameritech Corporation. Mr. Brown sits on the boards of Vivendi Universal and Home Depot. He is also on the Southern Methodist University board of trustees and has been a member of the Ohio University Foundation board of trustees. He is a member of the Business Roundtable, The Business Council, the President's Advisory Committee on Trade and Policy Negotiations, the U.S.-Japan Business Council, the French-American Business Council and the President's National Security Telecommunications Advisory Committee.[49]

Curtis J. Crawford
A director since 1998, Mr. Crawford is also chairman of the board of ON Semiconductor Company and a director of ITT industries. He is a trustee of DePaul University.[50]

Louisa C. Duemling
A director since 1982, Mrs. Duemling sits on the board of governors of the Nature Conservancy and the board of trustees of the Chesapeake Bay Foundation.[51]

Edward B. du Pont
A director since 1978, Mr du Pont serves as a director of Wilmington Trust Corporation. He is also a trustee of Christiana Care Corporation and the University of Delaware, president and trustee of Eleutherian Mills-Hagley Foundation, and a vice president and trustee of Longwood Foundation, Inc.[52]

Deborah C. Hopkins
A director since 2000, Ms Hopkins was previously Chief Financial Officer and Executive Vice President of Lucent Technologies. Before that, she was senior vice president and chief financial officer at Boeing. She is also a board member of the Foundation for the Malcolm Baldrige National Quality Award and the Private Export Funding Corporation.[53]

Lois D. Juliber
A director since 1995, Ms. Juliber is Chief Operating Officer of Colgate-Palmolive Company. She is on the board of trustees of Wellesley College and the Brookdale Foundation.[54]

Göran Lindahl
Under Secretary-General and Special Advisor to the United Nations Secretary-General and Chairman of the Alliance for Global Sustainability. Mr Lindahl was previously president, CEO and executive vice president of ABB Ltd., a globalised technology and engineering company. He sits on the board of LM Ericsson AB, and the World Childhood Foundation.[55]

Masahisa Naitoh
A director since January 2000, Mr Naitoh is Vice Chairman of ITOCHU Corporation, an international trading company based in Tokyo, Japan. Mr. Naitoh has held a number of senior policy positions in the Japanese government's Ministry of Trade and Industry. He is also a director of Molex Incorporated and a member of the board of advisors of the Center for International Political Economy in New York.[56]

William K Reilly
A director since 1993, Mr. Reilly is President and CEO of Aqua International Partners, L.P., which finances water supply and wastewater treatment in developing countries. He was previously administrator of the United States Environmental Protection Agency and the Payne visiting professor at the Institute for International Studies at Stanford University. He has also been president of the World Wildlife Fund and The Conservation Foundation. Mr Reilly is a director of Conoco Inc., Evergreen Holdings, Inc., and Royal Caribbean International. He is trustee of The American Academy in Rome, The National Geographic Society, Presidio Trust and the World Wildlife Fund. He also serves on the board of Yale University Corporation.[57]

H. Rodney Sharp III
A director since 1981, Mr Sharp is President of the Board of Trustees of the Longwood Foundation, Inc., and sits on the board of the Wilmington Trust Corporation. He is a trustee of St. Augustine's College (Raleigh, North Carolina) and a trustee and director of the Christiana Care Corporation. He is also a director and the treasurer of Planned Parenthood of Delaware.[58]

Charles M. Vest
A director since 1993, Mr. Vest is President of the Massachusetts Institute of Technology. He is a former provost, vice president of Academic Affairs and dean of Engineering at the University of Michigan. He also sits on the board of the International Business Machines Corporation and is a fellow of the American Association for the Advancement of Science. A member of the National Academy of Engineering and the President's Committee of Advisors on Science and Technology, he is also vice chair of the Council on Competitiveness.[59]

Further information regarding the company’s directors and executives can be found on the company’s website at: http://www.dupont.com/corp/overview/directors/index.html and http://www.dupont.com/corp/overview/executives/index.html respectively.

Subsidiary and affiliated companies

DuPont is a massive conglomerate with subsidiaries in a variety of different areas. A list of subsidiaries and affiliated companies world-wide can be found on the companies web-site at: http://www.dupont.com/corp/overview/subsidiaries/index.html

Notable subsidiaries in the Agriculture and Nutrition section of the company are:

Pioneer Hi-Bred International
Pioneer Hi-Bred International, Inc. prides itself on being ‘the world's leading developer and supplier of advanced plant genetics to farmers world-wide’.[60] Since its merger with Pioneer Hi-Bred in 1999, DuPont is the world's largest seed company, with sales in excess of $1.9 billion in 2000.[61] It is a major producer of GM seed. Upon the merger of the two companies, Charles Holliday, the DuPont CEO, predicted that "This will be the most powerful agricultural technology force in the world"[62] Pioneer Hi-Bred has numerous subsidiaries operating throughout the world, mainly operating under the Pioneer name.[63] A list of its various offices around the world can be found at: http://www.pioneer.com/pioneer_worldwide/worldwide.htm

Head Office:
Pioneer Hi-Bred International, Inc.
400 Locust Street, Suite 800,
PO Box 14453,
Des Moines, IA 50306-3453,
Tel: 515 248-4800
Fax: 515 248-4999               
Email: Web.Editore@pioneer.com

UK Headquarters:
Pioneer Hi-Bred Northern Europe GmbH
"The Barn", Blisworth Hill Farm
Blisworth
Northampton,
Northants
NN7 3DB
Tel: (01604) 858008
Fax: (01604) 858221
URL: http://www.phibred.co.uk/
email: ukenquiries@pioneer.com

Protein Technologies International Inc (PTI)
DuPont acquired PTI in 1997 for approximately $1.5 billion as part of its strategy for growth in the bio-industrial, pharmaceutical, feed and food industries.[64] PTI is self-reputedly ‘a world-wide leader in the research, manufacturing and marketing of high-quality, soy-based ingredients and ingredient systems.’[65] PTI produce a wide range of soya products, including soya polymers and coatings, soya fibre, and Solae soya protein which is found in variety of consumer products produced by other companies (see Products/Projects).

DuPont Yun Meng Protein Co.
Du Pont came to an agreement with the Yun Meng County government in June 2001 to acquire the Hubei Longyun Protein Food Group's soy protein facility in Wuhan, China. The estimated total investment is about $20 million and is part of their strategy to expand its soya protein business in Asia. The DuPont Yun Meng Protein Co. also plans to develop products and technologies for the export market. The purchase of the company is clearly an attempt by DuPont to capitalise on the growing food ingredients market, particularly the ‘healthy’ food market which is a high growth area.[66]

A list of various other DuPont subsidiaries that are involved in agriculture and/or genetic modification can be found at: http://www.genewatch.org/GeneSrch/Companies/DuPont.htm   

Marketing Agreements/Joint Ventures

Monsanto
In April 2002 DuPont and Monsanto announced that they had decided to live in sync by sharing their proprietary agricultural biotechnologies with each other. The announcement marked the end of a series of outstanding patent lawsuits that have festered for years.[67]

General Mills, Inc.
In January 2000, DuPont's Protein Technologies International (PTI) and General Mills announced plans to collaborate in the developing and marketing of soya foods. General Mills is a leading consumer foods marketer and has sales exceeding $6 billion (General Mills also has joint ventures with Nestlé and with PepsiCo.).[68]

A list of some of the company’s other joint ventures, particularly relating to the fields of GM crops and agriculture, can be found at: http://www.groundup.org/dupont/ae.htm

A full list of the company’s joint ventures for each of its business units can be found by clicking on the relevant links at: http://www.dupont.com/corp/overview/ventures/index.html

---

Profile 1 l 2 l 3 l 4 l 5