Published: February 12, 2008
DuPont Unveils New Strategies to Increase Farmer Productivity
NEW YORK, Feb. 12 /PRNewswire-FirstCall/ -- DuPont Group Vice President J.
Erik Fyrwald today announced a new insect control system for its seed corn
product line, a new platform of soybean technology that will deliver a 40
percent increase in yield over the next decade, and a second seed corn brand
forBrazil at the Goldman Sachs 12th annual Agricultural Biotech Forum.
Better Corn Insect Control System
The new insect control system, Optimum(R) AcreMax(TM), will provide corn
growers with improved productivity by increasing the number of acres farmers
can plant to the industry's most advanced insect control options. The first
of several Optimum(R) AcreMax(TM) products will be launched as early as 2009,
pending regulatory approval.
"The Optimum(R) AcreMax(TM) system will use a unique combination of proven
technologies to deliver the best products for maximum yield, convenience, and
ultimately refuge reduction," Fyrwald said.
Higher Yielding Soybeans
"We expect our proprietary technologies coupled with native and biotech
traits will result in a 40 percent yield increase in the next 10 years,"
Fyrwald said. "This is going to extend our number one brand position in
soybeans for many years to come."
Fyrwald explained that the yield increase will come from a convergence of
its proprietary Accelerated Yield Technology(TM), the Optimum(R) GAT(R)
herbicide tolerance trait, and biotech yield traits built upon superior base
genetics.
New Corn Seed Brand forBrazil
Fyrwald also announced plans for DuPont to expand its market share lead in
Brazil through the launch of a second seed brand by its Pioneer Hi-Bred
business. The new BioGene(TM) brand will enable Pioneer to extend its reach
to a segment of Brazilian farmers who do not choose to buy premium, high-
technology seed for which the Pioneer(R) brand is known.
"The BioGene(TM) brand allows us to deliver increased value to more
farmers while keeping the Pioneer(R) brand focused on a segment where we have
undisputed leadership," Fyrwald said.
Pioneer has been investing in research and development of corn hybrids
well suited for this segment of the market. The BioGene(TM) brand will have
its own sales force, separate from Pioneer. Its products will be distributed
through a separate network of dealers and co-ops.
The launch of BioGene(TM) comes at a time when Pioneer is recording
impressive gains inBrazil. In 2007 the DuPont business recorded a corn sales
volume increase of 52 percent and a market share gain of eight points. "The
Pioneer support structure provides a huge advantage for BioGene(TM) over its
competitors, and results in economies of scale," Fyrwald said.
2008 Outlook for DuPont Ag & Nutrition
"The growth fundamentals in global agriculture markets are outstanding and
our business intends to capitalize on that," Fyrwald said. "We have high-
performing products and strong, growing global market positions. We are
bringing new, superior performing products to market at an accelerating rate."
The DuPont Agriculture & Nutrition segment posted a 14 percent gain in
revenue in 2007. That gain was partially driven by stronger seed sales from
the company's Pioneer Hi-Bred business. Pioneer reported a record 40 percent
increase in fourth quarter seed sales over the same period in 2006.
"Our investments in seed around the globe are paying off with consistent
market share gains in Latin America,Europe, Asia andAfrica," Fyrwald said.
He added that the Agriculture & Nutrition business segment is on track to
deliver double-digit earnings growth in 2008 and into the foreseeable future.
Fyrwald's presentation is available in the DuPont Investor Center at
www.dupont.com.
DuPont (NYSE: DD) 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 70 countries, DuPont offers a wide range of innovative products
and services for markets including agriculture and food; building and
construction; communications; and transportation.
Forward-Looking Statements: This news release contains forward-looking
statements based on management's current expectations, estimates and
projections. All statements that address expectations or projections about
the future, including statements about the company's strategy for growth,
product development, market position, expected expenditures and financial
results are forward-looking statements. Some of the forward-looking
statements may be identified by words like "expects," "anticipates," "plans,"
"intends," "projects," "indicates," and similar expressions. These statements
are not guarantees of future performance and involve a number of risks,
uncertainties and assumptions. Many factors, including those discussed more
fully elsewhere in this release and in documents filed with the Securities and
Exchange Commission by DuPont, particularly its latest annual report on Form
10-K and quarterly report on Form 10-Q, as well as others, could cause results
to differ materially from those stated. These factors include, but are not
limited to changes in the laws, regulations, policies and economic conditions,
including inflation, interest and foreign currency exchange rates, of
countries in which the company does business; competitive pressures;
successful integration of structural changes, including restructuring plans,
acquisitions, divestitures and alliances; cost of raw materials, research and
development of new products, including regulatory approval and market
acceptance; seasonality of sales of agricultural products; and severe weather
events that cause business interruptions, including plant and power outages,
or disruptions in supplier and customer operations.
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM), and
Optimum(R) AcreMax(TM), Accelerated Yield Technology(TM), Optimum(R) GAT(R),
BioGene(TM) and Pioneer(R) are registered trademarks or trademarks of DuPont
or its affiliates.
SOURCE DuPont
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