DuPont is poised to address global megatrend challenges and expects to deliver revenue growth of at least 15 percent in 2010, said Mark P. Vergnano, executive vice-president, at the Jefferies — Industrial and A&D Conference.
"The fundamental driver of our long-term growth is market-driven innovation, aligned with major secular trends in the areas of increasing agricultural productivity, reducing dependence on fossil fuels, and protecting people and the environment. In 2010, we are targeting 30 percent of our sales from new products introduced over the last four years," Vergnano said.
"Our aggressive product launches are paying off; we're doing our market development work and we're moving faster. That's resulting in increased sales and profitability."
"In emerging markets alone, where DuPont has been enhancing its offerings and investments, our year-to-date sales are up 32 percent, with the standout being Emerging Asia, which is up 58 percent," he added.
Among the growth targets Vergnano highlighted were: Seeds; crop protection; photovoltaics; products for energy-efficient vehicles and buildings; personal protection products for industrial workers and first responders; and infrastructure and industrial growth in emerging markets.
DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
For additional information about the company and its products visit http://www.dupont.com