Largest Companies of Delaware
Located on the east coast of United States, between New York City and Washington DC, Delaware is a small state with a population of just over 700,000. Though it covers a relatively small land area of just 1,982 square miles, the infrastructure of the state is extremely well developed along with electricity and telecommunications and meets the national standards. The state has rapidly developed and the economy has progressed to new levels. The rapid economic growth of the state may be attributed to the corporate laws of the state.
The history of Delaware is closely tied with the E. I. du Pont de Nemours Company, which is considered as one of the world’s largest chemical companies. Some of the largest companies of Delaware are ACS International Resources, International Solutions Group, MBNA, Krypton Systems Inc, Proctor & Gamble and Perdue Farms.
In the field of healthcare and medicine, AstraZeneca, headquartered at Wilmington, is a global workforce with over 2,700 employees. The industry type is classified as pharmaceuticals and the company is renowned for several major breakthroughs in the field of medicine. The DuPont Company which is one of the world’s largest chemical and pharmaceutical companies is closely tied with Delaware’s history. It was founded by the du Pont family and has around 12,980 employees. The Christiana Health Care System is a healthcare company with over 6,941 employees. Dade Behring Inc is a renowned medical equipment manufacturing company, specializing in diagnostic equipments. The Dade Behring employs over 1,285 people. Quest Pharmaceutical Services, LLC is a chemical and pharmaceutical company, specializing in pharmaceutical research and development.
Financial sector is considered as one of Delaware’s fast growing sectors. The corporate laws which govern the business are enormously favourable, especially the law to establish a Limited Liability Company (LLC), passed in October 1992, which combines the best aspects of the Corporation and the Limited Partnership, which is responsible for Delaware’s profound economic growth. In the present day, around 50% of the companies listed in New York stock exchange are Delaware’s corporations. The MBNA Corp is the largest in banking sector and employs over 10,500 persons. Other top financial companies include J.P. Morgan Chase & Company, First USA Bank/Bank One Corporation, Citigroup Inc, Wilmington Trust Corporation and PNC Financial Services Group.
Automotive industries are Delaware’s source of income and Delaware boasts of several large automotive corporations. The Daimler Chrysler Corporation specializes in auto assembly and has around 3,200 employees. General Motors Corporation/Saturn Corporation is one of the prominent automotive industries and contributes hugely to the state’s income.
Other large manufacturing companies include Rohm & Haas C. / Rodel Inc, W.L. Gore & Associates specializing in fibres, NanoSelect, a nanotechnology company, developing and manufacturing nanotubes for high-end, high volume applications, Sunroc, a bottled water company with headquarters at Dover and Playtex Products Inc.
In the computer and IT sector, the large reputed companies include International Solutions Group; it offers a wide range of solutions to its clients and Krypton Systems Inc, founded to provide SAP professionals of high calibre. HostMySite, located in Newark, DE, is a company at cutting edge of IT industry.
The corporate laws of Delaware are highly business friendly, making Delaware a most sought-after corporate haven.