) has announced its support for the bipartisan Chemical Safety
Improvement Act introduced by Senators Frank R. Lautenberg and
David Vitter along with other republican and democrat
Environmentalists as well as different consumer and industry
groups have long argued that the existing Toxic Substances
Control Act (TSCA), which is administered by the U.S.
Environmental Protection Agency (EPA), is outdated and needs an
Recently, Sen. Frank Lautenberg along with other co-sponsors
introduced the Chemical Safety Improvement Act of 2013, which is
designed to limit the use of toxic chemicals linked to a broad
range of diseases and place the burden on chemical makers to make
sure that their chemicals are safe.
According to the Act, all chemicals will be screened to ensure
safety for the public and the environment while also creating an
atmosphere where manufacturers can continue to innovate, grow and
create jobs. The Act offers a sound basis for legislation which
can pass the U.S. Senate and also bring about the required
modifications in the U.S. chemicals management system.
DuPont is a global chemical and life sciences company and
provides innovative products, materials, and services to the
global market. Last month, the company released its first quarter
2013 results. DuPont posted adjusted earnings from continuing
operations of $1.56 per share for the quarter, topping the Zacks
Consensus Estimate of $1.54. The adjusted earnings exclude
one-time items including charges of $35 million associated with
customer claims related to the use of an herbicide and a
Including one-time items, DuPont recorded earnings from
continuing operation of $1.47 per share in the quarter compared
with $1.48 per share earned in the prior-year quarter.
Net sales rose 2% year over year to $10,408 million, as higher
sales volumes and pricing were offset by a negative currency
impact. Sales beat the Zacks Consensus Estimate of $10,378
million. Including other income, total revenues were $10,500
DuPont currently retains a Zacks Rank #3 (hold).
Other companies in the chemical industry that are worth
Shin-Etsu Chemical Co., Ltd.
). All of them retain a Zacks Rank #1 (Strong Buy).
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