DuPont News, February 11, 2009
A&N Pipeline, Products, People Are Aligned to Fuel Growth
DuPont Group Vice President Jim Borel spoke at the Goldman Sachs 13th Annual Agricultural Biotech Forum in New York yesterday. Jim said he expects DuPont business Pioneer Hi-Bred to grow its global seed corn market share by at least 1 to 2 points in 2009 and he committed to grow compounded annual earnings for the DuPont Agriculture & Nutrition segment an average of at least 15 percent over the next five years.
“The DuPont Agriculture & Nutrition businesses are winning in the marketplace,” Jim said. “We just came off a record year and our pipeline, products, people and unique distribution systems are aligned to fuel our growth well into the future.”
“We are excited about the growth opportunities in the agricultural sector,” Jim said. “While not immune to the global financial crisis, the fundamentals of the agriculture economy are strong and DuPont is well-positioned to serve customers in the segment.”
Jim said DuPont Agriculture & Nutrition growth in 2009 will generate material-free cash flow. He added that platform revenue is on track to grow 6 to 8 percent per year over the next five years with earnings growing an average 15 percent over that same time. Jim’s presentation is available in the DuPont Investor Center at www.dupont.com.
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