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Consolidated Manufacturing Inc. history
Consolidated Manufacturing Inc. company history timeline
1860: Consolidation Coal Company is formed.
Coal had been a major part of RWE business ever since it was formed in 1898 to generate electricity from coal in order to power the iron and steel industries and other companies that populated Germany's Ruhr Valley.
DuPont Acquisition of Consol As Part of 1981 Conoco Deal
Several weeks later the two parties created a 50-50 joint venture, CONSOL Energy Inc., which was then incorporated in Delaware in January 1991.
DuPont announced in April 1998 that it was adjusting its business mix to focus on its agricultural, biotechnology, and pharmaceutical business.
In addition, in 1998 CONSOL paid $150 million to acquire Rochester & Pittsburgh Coal Company.
The thrust of the methane gas business is summarized in a 2002 Pittsburgh Post-Gazette profile of the company: "Before mining, companies drill vertical wells into coal seams as a safety precaution.
In the meantime, CONSOL cut back production in 2002, achieved in large part by closing down seven mines that according to management had reached the end of their economic life.
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