DuPont on track to generate about 20% sales growth in 2011 in Asia Pacific, compared with 2010 revenues of $7.3B, company's East Asia president says; robust growth in region led in part by titanium dioxide, packaging polymers, crop protection and seeds
November 7, 2011
– Full-Year 2011 Asia Pacific Sales Expected to Increase by About 20 Percent
DuPont East Asia President Carl J. Lukach told investors at the CLSA Asia Forum that DuPont is on track to generate approximately 20 percent sales growth this year in Asia Pacific, versus 2010 revenues of $7.3 billion.
Robust growth in Asia Pacific has been led by electronics, especially products in solar panels and electronic devices, performance polymers for the automotive industry, titanium dioxide, packaging polymers, crop protection and seeds.
"We are addressing the broader food, energy and protection challenges generated by dramatic global population growth," Lukach said. "DuPont strives to advance the boundaries of knowledge in materials, biology, chemistry and engineering. By combining these disciplines across markets and regions, we can create new innovations that address the key unmet needs of customers, wherever they may be."
Lukach said new product and market innovations in China, India, Japan and ASEAN are driven by macro-economic factors and demographic shifts, especially a growing middle class in the region. He also said DuPont's commitment to science-powered innovation and collaboration is reflected in four new innovation centers that opened this year in Korea, Taiwan, Thailand and India. The innovation centers foster an exchange of ideas and real-time collaboration between scientists and customers, with the goal of creating more innovative solutions and increasing the speed of innovation.
"Growth and collaboration in Asia is not new to DuPont. We have been operating in various parts of the region since the early 1900s, when we first established our operations in China. In fact, Asia accounted for approximately one quarter of DuPont's 2010 revenues," Lukach said. "We're confident our strategy is working in Asia Pacific and we are committed to delivering superior revenue growth and continued innovation in the future."
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.