DuPont’s innovation and the ongoing, strong global food demand will deliver growth across its food and agriculture businesses. That’s what DuPont Executive Vice President Jim Borel told attendees at the Bank of America Merrill Lynch 2012 Global Agriculture Conference on March 1.
“With a growing population, expanding middle class and rapid urbanization in developing economies, DuPont’s Agriculture and Nutrition & Health businesses are equipped to deliver innovative, market-based solutions to address one of the world’s most critical challenges,” Jim said.
“The DuPont Nutrition & Health segment, strengthened by the integration of Danisco, is expected to deliver 7 to 9% compounded annual sales growth over the planning horizon and pre-tax margins of 12 to 14%,” Jim said. “The DuPont Agriculture segment, including the Pioneer seed and Crop Protection businesses, plans to continue to bring some of the highest sales and margin returns in DuPont with 8 to 10% compounded annual sales growth over the planning horizon and margins expanding to 20 to 22%.
“As we look ahead in 2012 and beyond, we are confident in our ability to meet our targets with our connections to customers never stronger and the opportunities never greater,” Jim said. “Our momentum is driven by our dedication to ensuring the right local solution for our customers, thereby ensuring safe, nutritious food is available to every person.”
Advancing R&D Pipelines
In addition to clear successes in biotechnology product offering, the seed business continued innovating with native trait technologies to deliver new hybrids – honing in on drought and disease solutions for local use, Jim said.
DuPont’s food-related businesses are uniquely positioned to compete because of advantages including sound science, relevant product portfolio, diverse route-to-market and manufacturing process capabilities.
Jim said the Crop Protection business will outpace industry growth in 2012 with its innovation across all three portfolios of insect control, weed control and fungicide.
View a full copy of Jim Borel’s presentation on the DuPont Investor Center.
View the news release.