The European Commission fined Italy-based Eni SpA, U.S.-based DuPont Co. and Dow Chemical Co. and Japan-based Denka Seiken Co. and Tosoh Corp €243.2 million ($359 million) for fixing prices of chloroprene rubber.The cartel for chloroprene rubber, which is used for products such as condoms, shoe soles and diving equipment, lasted from 1993 to 2002, according to the commission, the European Union's executive arm. U.S. chemical companies DuPont and Dow, which operated a joint venture, were given a 25% reduction for cooperating with the commission and now face a fine of €59.2 million.
DuPont Co.'s third-quarter net income climbed 8.5% on international strength that more than offset higher ingredients costs and weakness in the U.S. housing and automotive markets.
DuPont was ordered to pay $196.2 million in punitive damages for deliberately dumping dangerous heavy metals on an industrial site, ending a complex trial involving property damage claims, long-term health screenings and corporate accountability. The lawsuit accused DuPont of deliberately dumping toxic arsenic, cadmium and lead on the site of a former zinc-smelting plant, leaving thousands of residents in and around the small town of Spelter in fear for their health.
01/30/07 – 02/26/07: DuPont announced leadership DuPont announced its 2006 fourth Fanandaki] as vice president of planning and Gary W. Spitzer as vice president and general manager - DuPont Chemical Solutions Enterprise (DCSE), effective Feb. 1.
11/29/06 – 12/20/06: DuPont announced its 2006 fourth quarter earnings would be much higher than the equivalent quarter the previous year.
09/28/06 – 11/09/06: DuPont announced it opened an office in Calgary, its first office in Canada focused primarily on market and business development for the oil and gas industry, among others.
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