DuPont strengthens presence in Bangladesh
DuPont Bangladesh set up as a wholly owned subsidiary; focus on science-based solutions that address Bangladesh growth
Dhaka, Bangladesh, February 26, 2013: DuPont recently announced setting up of its wholly owned subsidiary ‘DuPont Bangladesh Ltd’. This new legal entity further strengthens DuPont presence in the high growth Bangladesh market and will enable local collaborations, especially in the areas of agriculture and food, apparel and textiles, paints and construction, graphics and packaging, infrastructure, renewable energy, safety and protection, and others. The announcement was made at a high-profile event hosted at a prominent hotel in Dhaka and attended by about 100 guests.
Speaking at the event, G M Quader, Honorable MP, Commerce Minister, Government of Bangladesh, said ‘’I am delighted that a prestigious company like DuPont has now fully stepped into Bangladesh’’.
Congratulating DuPont on the opening of the new subsidiary, John F. Danilowicz, Charge the Affairs, US Embassy, Dhaka, said, “DuPont is one of the leading companies in the USA and it is great that the company has decided to expand its presence in Bangladesh”.
In his remarks at the event, Rajeev Vaidya, president – south Asia & ASEAN, DuPont, said, “The DuPont growth strategy is focused on delivering science-powered solutions to address the key challenges of feeding the growing population, reducing dependence on fossil fuels and protecting people and the environment. In emerging economies like Bangladesh, we see a great synergy between DuPont science & technology and the needs of the local markets and consumers.”
Showkat Ali Sarkar, Managing Director, DuPont Bangladesh, said “DuPont established local presence in Bangladesh through its liaison office in 2010 and today’s announcement reiterates our commitment to the country. As we build and expand our presence in Bangladesh, our goal is to work closely with our local customers to better understand the unique market needs here and offer them innovative products and solutions from the global DuPont portfolio.”
G M Quader MP, Commerce Minister is declaring official inauguration of DuPont Bangladesh Ltd. On the dais - from right to left : John F. Danilowicz, Charge the Affairs - US Embassy Dhaka, Rajeev Vaidya - President South Asia & ASEAN,DuPont, Showkat Sarkar - Managing Director, DuPont Bangladesh Ltd.
DuPont products have the right fit with the needs of the Bangladesh economy. For instance, DuPont offers innovative solutions for water proofing, weatherization, innovative design, energy efficiency to country’s booming construction and infrastructure industry. In the textiles sector, use of DuPont™ PrimaGreen® textile enzymes can help save costs through reduced consumption of water, less use of conventional processing chemicals and better product quality. DuPont Pioneer seeds and advanced crop protection solutions can offer Bangladesh farmers higher yield per acre.
DuPont science is the foundation for the market-driven innovation that the company delivers to its customers. With the world’s population projected to reach 9 billion by the year 2050, providing for the food, energy and protection needs of people everywhere presents unprecedented challenges. Over 9,500 DuPont scientists and engineers collaborate with customers, governments, and others to develop sustainable solutions to address those challenges. In 2012, DuPont launched more than 2000 new products aimed at meeting the needs of people around the world.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com
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