About Pioneer | Select Your Location >
 
 
 

DuPont to Expand Agricultural Research Program


Proposed $50 Million Delaware Investment in Advanced Soybean Genetics Supports Company Strategy to Increase Food Productivity for a Growing Global Population

WILMINGTON, Del., Feb. 17, 2011 – DuPont and Delaware Governor Jack Markell announced today that DuPont plans to invest more than $50 million over five years to expand its biotech soybean research and development program in Delaware. The proposed investment supports DuPont’s strategy to increase food productivity for a growing global population.

"This plan includes a significant expansion of our overall biotech research effort,” said John Bedbrook, vice president – DuPont Agricultural Biotechnology. “It would increase the speed at which we can bring new products to the market and help farmers around the world increase yields through tolerance to environmental stresses, insects and disease.”

The proposed investment will include expanding biotech research facilities at DuPont’s global research and development headquarters, the Experimental Station, in Wilmington and at its Stine Haskell Research Center in Newark, Del. The proposed expansion is expected to create 75 new, full-time positions in Delaware by the end of 2015.

The expansion plan includes new soybean research laboratories, tissue culture facilities, environmentally controlled growth rooms and greenhouses, which not only benefit soybean R&D efforts but also extend research resources for other core crops.

“For generations, DuPont has helped shape our state's reputation as a cradle of innovation. Their investment will help expand both that reputation and, more importantly, their work force," said Delaware Governor Jack Markell.

The Delaware Economic Development Office (DEDO) has offered a $1.5 million grant from the Delaware Strategic Fund to create jobs and to assist with the development of the new center. The funding is performance based and conditioned on DuPont’s capital investment in the project. The offer will be reviewed by the Council on Development Finance on Feb. 28. An additional $125,000 grant will be awarded from the Delaware Department of Agriculture (DDA).

These plans are part of DuPont’s overall commitment to feeding a growing global population by delivering advanced seed genetics to improve productivity, crop protection products to help guard crop yield and quality, innovative packaging that protects food quality and testing systems to ensure food safety.

DuPont business Pioneer Hi-Bred is a leader in providing high-yielding soybean products to growers in the United States and Brazil. Pioneer has 25 research locations worldwide testing and developing quality soybean varieties for use in food, feed, fuel and materials.

Pioneer Hi-Bred (www.pioneer.com), a DuPont business headquartered in Des Moines, Iowa, is the world’s leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success™.

DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.

# # #

2/17/11

Individuals seeking additional information on career opportunities can visit: www.pioneer.com/careers and www.dupont.com/careers.

Contacts:

DuPont
Rick Straitman
302-999-5226
richard.a.straitman@usa.dupont.com
  Delaware Economic Development Office
Nikki Lavoie
302-233-8692
Nikki.Lavoie@state.de.us

The DuPont Oval Logo, DuPont™, The miracles of science™ and Science with Service Delivering Success™ are registered trademarks or trademarks of DuPont or its affiliates.