News

DuPont recently launched a Photovoltaic Technology Center at the DuPont China R&D Center in Shanghai.

Economic recovery is progressing in China, India and Brazil, where a significant increase in population and globalization are transforming markets.  According to DuPont Executive Vice President and Chief Innovation Officer Tom Connelly, DuPont is well-positioned to continue to capture growth in these countries.

“DuPont has tremendous opportunities for growth in emerging markets,” Tom said. “The economies in these regions are growing significantly faster than developed markets, particularly for the kind of businesses that DuPont is in.”

DuPont sales in emerging markets grew by 80% in the past five years and accounted for nearly one-third of the company’s $30.5 billion sales in 2008.  While 2009 emerging market sales estimates are expected to be down about 10% from $9 billion in 2008, DuPont projects 2012 emerging market sales of about $13 billion.

Tom provided two examples of DuPont innovation in emerging markets.

Tom Connelly

China
To support the fast-growing solar technology market, DuPont recently launched a Photovoltaic Technology Center at the DuPont China R&D Center in Shanghai.

India
The Tata Nano – an inexpensive and lightweight vehicle – is enabled, in part, by DuPont performance coatings, polymers and know-how. 

Tom’s comments were part of a presentation at the Credit Suisse Chemical and Ag Science Conference. Slides are available in the DuPont Investor Center. 

For more information, read this news release.