Corteva in the context of "Des Moines, Iowa"

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👉 Corteva in the context of Des Moines, Iowa

Des Moines is the capital and most populous city in the U.S. state of Iowa. It is the county seat of Polk County with parts extending into Warren County. It is named after the Des Moines River, likely derived from the French Rivière des Moines meaning 'River of the Monks'. The city was incorporated in 1851 as Fort Des Moines and shortened to Des Moines in 1857. Its population was 214,133 at the 2020 census, while the six-county Des Moines metropolitan area has an estimated 750,000 residents, the largest metropolitan area located entirely in Iowa.

Des Moines is a major center of the United States insurance industry and has a sizable financial services and publishing business base. The city is the headquarters for the Principal Financial Group and Wellmark Blue Cross Blue Shield. Other major corporations such as Wells Fargo, Cognizant, Voya Financial, Nationwide Mutual Insurance Company, ACE Limited, Bayer, and Corteva have large operations in or near the metropolitan area. In recent years, Microsoft, Hewlett-Packard, and Facebook have built data-processing and logistical facilities in the Des Moines area.

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Corteva in the context of DuPont

DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of the U.S. state of Delaware and first arose as a major supplier of gunpowder. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, viton, Corfam and Lycra in the 20th century, and its scientists developed many chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant industry. It also developed synthetic pigments and paints including ChromaFlair.

In 2015, DuPont and the Dow Chemical Company agreed to a reorganization plan in which the two companies would merge and split into three. As a merged entity, DuPont simultaneously acquired Dow and renamed itself to DowDuPont on August 31, 2017. After 18 months it spun off the merged entity's material science divisions into a new corporate entity bearing Dow Chemical's name and the agribusiness divisions into the newly created Corteva; DowDuPont reverted its name to DuPont and kept the specialty products divisions. Prior to the spinoffs it was the world's largest chemical company in terms of sales. The merger has been reported to be worth an estimated $130 billion.

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