DuPont Malaysia Sdn Bhd expects stronger financial performance this year as it capitalizes further on Malaysia's favourable business environment and economy.
Managing Director Dr A. Hapiz Abdullah said the company exceeded its target of RM300 million in revenue last year, a 9% jump compared with 2003.
"We are confident of hitting a better turnover this year and achieving substantial growth thus increasing our revenue." He told Business Times in Shah Alam yesterday.
He said DuPont is accomplishing this by investing in biology-based technology platforms that can support significant long-term future innovation and extended the market potential of its existing technology base.
The company's business focuses on chemicals, materials and energy. It delivers science-based solutions around the world in areas such as food and nutrition, healthcare, apparel, safety and security construction, electronics and transportation.
DuPont's principal business includes agricultural crop protection products, polymers, chemicals, fluoro-products, fibers, refinishes, imaging, solid materials, advance composites and packaging and industrial polymers.
The company operated in 70 countries worldwide with revenues up to US$27.3 billion (US$1=RM3.8) last year.
"Good business environment, Malaysia's strong economy and steady supply of products are among the main factors which will allow us to record a high turnover this year," Hapiz said.
He also said the company has a three-part strategy - deliver new products through the power of integrated science, vigorously pursue knowledge intensity in all business and significantly increase productivity.
Among DuPont's Popular products are Tyvel, Teflon, Delrin and Cyrel.
