Published: May 21, 2008
DuPont Group Vice President Briefs Investors on Business Growth in Safety & Protection Segment
NEW YORK, May 21 /PRNewswire-FirstCall/ -- Mark P. Vergnano, group vice
president -- DuPont Safety & Protection, briefed investors here today on the
segment's growth strategies for 2008 and beyond.
Vergnano highlighted the segment's growth areas, innovations and plans for
expansion in emerging markets. He also focused on key initiatives to pursue
high-growth markets such as advanced materials, personal protection and
industrial services with new business models, new products and technologies,
geographic expansion and plant efficiencies and expansions.
"We have had a strong track record with 65 percent growth since 2002. We
are now building on that progress by pursuing new market opportunities and
reviewing potential acquisitions," Vergnano said. "A key driver for us is
international momentum based on the unique value propositions we have to
offer. We expect to deliver 7 to 9 percent organic growth annually over the
next three years; our overall goal is double digit growth for all of our
businesses in every region."
Vergnano also explained how the segment has redefined its addressable
markets:
-- Advanced materials - higher level of functionality and light weight
strength at lower system costs;
-- Personal protection - industrial, emergency response and military;
apparel systems and accessories; detection systems; safety consulting,
training and services;
-- Industrial services - clean air, water and fuel; process contamination
reduction and yield improvement; and mitigation and control of
microbial contamination, and;
-- Sustainable buildings - energy management, weather protection and
functional design.
The growth in DuPont Safety & Protection segment will be critical to
DuPont's 3-year acceleration plan, announced Jan. 22, which has a goal to
almost double the company's rate of growth in pre-tax operating income.
Today's presentation can be found at the Investor Center of the company's
website at http://www.dupont.com.
The DuPont Safety & Protection segment includes DuPont Building
Innovations, DuPont Advanced Fiber Systems, DuPont Nonwovens, DuPont Chemical
Solutions Enterprise and DuPont Safety Resources. The segment provides
innovative products and services that protect people, buildings, critical
processes and the environment. In 2007, the segment's revenues totaled $5.6
billion.
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 DuPont's filings with the Securities
and Exchange Commission, particularly its latest annual report on Form 10-K,
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 of countries in which the
company does business; competitive pressures; successful integration of
structural changes, including acquisitions, divestitures and alliances;
research and development of new products, including regulatory approval and
market acceptance, and seasonality of sales of agricultural products.
SOURCE DuPont
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