WILMINGTON, Del., May 6, 2009 - Robust research and development product pipelines and local investments in business infrastructure will continue to fuel double-digit growth of the DuPont Agriculture & Nutrition business through 2013, said two DuPont leaders today during an investors’ Business Review Series here.
James C. Collins, Jr., vice president and general manager -- DuPont Crop Protection, and Daniel Glat, Pioneer regional director for international operations, explained how investments DuPont has been making will continue to drive its Agriculture & Nutrition businesses’ annual average earnings growth of greater than 15 percent through 2013.
“The investments we have been making in the crop protection pipeline are paying off now,” Collins said. “The benefits DuPont and our customers have been experiencing from recent introductions of products like Rynaxypyr® are just the start of new answers that will help our customers improve their productivity and profitability.”
Collins projected the crop protection commercial pipeline will deliver $1 billion of new revenue by 2015. Leading the way will be new insect control products such as Cyazypyr™ -- which Collins predicted could be as significant as Rynaxypyr® -- new herbicides for vegetation management expected to be launched in 2011, and new fungicide compounds.
“When you combine exciting new crop protection products like these with the Pioneer research pipeline, you can see why the DuPont agriculture business has an exceptional outlook for the future,” he said. “Our global-scale research combined with a focus on individual farmer needs is what sets DuPont ahead of its competitors in our customers’ eyes.”
Local Investments Equal Record Growth
Glat explained that DuPont will be growing global seed market share by at least one to two points in 2009, thanks to its local approach to farmers’ needs.
“In the 70 countries where Pioneer does business, there are thousands of unique environments and farming practices. Not every farmer can use the same set of products or traits. That’s why we invest in local R&D, sales and support people, and local seed production to make sure we understand our customers’ needs and help them get the right product on the right acre,” Glat said.
Glat, who oversees business operations for Pioneer in Latin America, Africa and Asia, said DuPont grew its seed revenue in those markets by more than 25 percent from 2007 to 2008, thanks to local infrastructure capital investments of more than $110 million over the previous five years. He explained how DuPont will continue to invest in all markets in 2009 to fuel the rapid growth of its seed business.
Glat provided examples of local infrastructure investments DuPont is making this year within his area of responsibility:
- Latin America - $23 million to boost seed production capacity;
- Asia Pacific - $20 million to enhance local product development and production;
“It is continual investments in local markets that will ensure we provide the right traits and reliable products our customers need to increase their productivity and profitability and meet the world’s growing appetite for grain,” he said.
To listen to a recording of the Business Review webcast, go to the DuPont Investor Center 
.
DuPont 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 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
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5/6/09
Contact:
Patrick Arthur
515-334-6515
United States
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