DuPont

DuPont

The former CEO of DuPont Ellen Kullman revealed that she had to put up with sexual harassment during her careers.

The Delaware native told the Wilmington News Journal that it was “not terrible”.

But she added that many women during the 1980’s learned not to be around their male colleagues when there was alcohol.

She declined to describe the kinds of harassment that she had experienced.

Kullman was the first woman to become the CEO of DuPont.

She has now added her name to the list of women who are talking about sexual harassment in the workplace.

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WILMINGTON, Del. (AP) - Chemical company DuPont has agreed to pay nearly $400 million to settle environmental lawsuits ahead of its planned merger with the Dow Chemical Co.

The Delaware-based company agreed last week to pay more than $50 million to settle a lawsuit filed by the federal government and the State of Virginia over the release of mercury from a former facility in Waynesboro, Virginia.

Chemours website

DOVER, Del. (AP) - Chemours, the former performance chemicals unit of Dupont, says it posted a net loss of $230 million in the fourth quarter of 2016 but eked out a slight profit for the year.

The company on Wednesday said fourth-quarter results included a $335 million charge to settle thousands of lawsuits claiming that the release of a chemical used in Teflon production from a DuPont plant in West Virginia several years ago contaminated drinking water and caused illnesses, including cancer.

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WILMINGTON, Del. (AP) - DuPont expects to contribute another $230 million to its U.S. pension plan in 2017.

The Wilmington News Journal reports the Delaware-based chemicals company also added $230 million last year. That's the first year it contributed since 2012.

DuPont will also add $95 million into its overseas pension plans, which account for about 20 percent of its pension debt. The company committed $121 million to those funds in 2016.

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Some 50 employees in Delaware got a new lease on life.

DuPont has sold its food safety diagnostics business to Hygiena a California based life sciences firm.

The jobs range from sales and research to development and production.

They are located at the 150-acre Experimental Station near Wilmington.

Hygiena has signed a two-year lease with the right to renew.

The Wilmington News Journal reports there is a possibility that the site could wind up being the primary location for its operations.

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DuPont Company will receive $7.5 million from New Castle County in new economic development funds.

The Wilmington News Journal reports that the money comes from tax reserves and will be paid out in annual installments over the next five years.

The paper adds that there is no plan for DuPont to repay the county.

Dow and Dupont are in the middle of a $130 billion merger and they have also received $9.6 million from the state government coffers.

County officials say the money is worth the commitment by the two companies for keep jobs in the First State.

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WILMINGTON, Del. (AP) - DuPont says it will soon stop contributing to active employees' pension plans, a move that will affect the retirement of 13,000 American workers, including 2,800 in Delaware.

The Wilmington News Journal reports the Delaware-based chemicals company announced Thursday that workers will stop receiving pension contributions either in November 2018 or on the creation date of the first independent company spawned through the proposed $130 billion merger with Dow Chemical.

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Shareholders will get their say in the proposed merger of Dow Chemical and DuPont next month.

There will be separate votes on July 20th.

DuPont will hold its meeting at the company’s Chestnut Run Plaza headquarters.

Dow’s will take place at its headquarters in Midland, Michigan.

The Wilmington News Journal reports that the $130 billion merger will bring together businesses ranging from agriculture and electronics to nutrition, health and plastics.

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The Dow-DuPont merger is being challenged by three agricultural advocacy groups over potential anti-trust violations.

The American Antitrust Institute, Food and Water Watch and the National Farmers Union sent a letter to the U.S Attorney General’s Office.

The Wilmington News Journal reports that they say that the merger would result in a consolidation of any already shrinking industry.

They argued that it could result in higher prices and a reduction in choices for farmers and consumers.

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NEW CASTLE, Del. (AP) - A state panel has approved almost $8 million in taxpayer money for Chemours Co., the financially struggling chemicals business spun off from the DuPont Co.
 
The Council on Development Finance voted unanimously Monday to give Chemours a Strategic Fund grant of up to $7.2 million to retain 900 full-time jobs in Delaware through 2020.
 
The panel also approved a capital expenditure grant of up to $695,000 to Chemours for a headquarters project in Wilmington.
 

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