DuPont Australia is aggressively pursuing opportunities within the country’s $108 billion food and grocery manufacturing industry with the formation of a dedicated food industry board.
The board comprised of representatives from Packaging & Industrial Polymers, Solae, Nutrition & Health, Imaging Technologies, Performance Polymers and Teijin Films will take an integrated approach to identifying and securing opportunities throughout the food value chain.
Australia and New Zealand Managing Director Graeme Longe said the initiative aims to harness the collective might of multiple DuPont businesses to help deliver solutions to this large and growing industry.
"More than ever, Australia’s food industry is demanding innovative solutions to achieve improvements in the safety, longevity and sustainability of our food supply," he said. "DuPont is well positioned to offer integrated solutions across the value chain -- from safer, more sustainable food production to better packaging and waste reduction and disposal. By working together, I am confident we can better leverage the opportunities the sector offers, while adding significant value to the many businesses involved in food production in Australia.”
Despite its very recent launch, the board already is achieving promising leads, with a delegation set to meet with a major supermarket chain within the next few weeks.
The food industry is Australia’s largest manufacturing sector, employing 312,000 people in more than 30,000 businesses. It has an annual R&D spend of around $368 million, which accounts for nearly 0.5% of annual turnover.