DuPont Agriculture & Nutrition Growing and Advancing Rich Pipeline of New Technologies
Fyrwald said the company has significantly increased the amount of seed with the three-way stack of biotech traits that are in high demand. Along with strong momentum internationally, these actions will fuel growth in 2007.
14/02/07 DuPont Group Vice President J. Erik Fyrwald told investment analysts at the Goldman Sachs 11th annual Agricultural Biotech Forum that DuPont Agriculture & Nutrition expects to grow sales and earnings in 2007 as it also increases investments in high growth opportunities in plant genetics and biotechnology.
“We have a much stronger seed product offering this year and are ramping up biotech traits for full supply in 2008 and beyond,” said Fyrwald. “We expect solid growth in 2007, moderated by increased investments this year that will drive further growth over the next five years.”
Fyrwald said the company has significantly increased the amount of seed with the three-way stack of biotech traits that are in high demand. Along with strong momentum internationally, these actions will fuel growth in 2007 and position the company for accelerated growth in the years that follow, he said.
At the same time, DuPont has stepped up its investment in the technology pipeline to expand the company’s competitive advantage with next-generation biotech traits and advanced crop protection products.
“Our scientists have created a strong pipeline of new products,” said Fyrwald. “I am pleased with the progress we are making in the lab, in field tests and in the marketplace.”
In the past year, 44 percent of the DuPont crop genetics research pipeline advanced to a phase closer to the market, including four projects that moved to the pre-launch phase. In the past two years, 90 percent of the DuPont crop genetics pipeline has advanced phases in the company’s research pipeline.
Fyrwald said the company already has begun a significant effort to fill additional positions in the seed business as part of the reinvestment plan.
“The global demand for agricultural crops is very strong,” he said. “We have the science to help farmers and others across the value chain meet this growing demand. The additional investment in the business will allow us to put that science to work for our customers faster.”
