DuPont leader reports on ag pipeline
At the Goldman Sachs 17th Annual Agribusiness Conference, DuPont Executive Vice President James C. Borel highlighted 2013 growth drivers and advancements of its agriculture research pipeline to sustain innovation across its seed, crop protection and nutrition and health businesses. Recent portfolio changes continue to solidify DuPont’s unique ability to address the global food security challenge by providing solutions across the food value chain, he said.
"Ongoing global dynamics like increased urbanization in developing economies and consumer demand for protein-rich diets continue to strain today’s agriculture and food system. Farmers, grocers and food manufacturers seek new innovations to produce and package safe, nutritious food," said Borel. "DuPont is uniquely positioned to leverage science to provide options and local solutions that help feed a growing global population."
DuPont’s recent acquisition of Danisco and full ownership of Solae further strengthen the company’s ability to bring new innovation and solutions to customers across the food value chain.
Borel discussed the 2013 agriculture research pipeline that features an integrated approach to product development including germplasm, native and biotech traits, with 12 product advancements including four program additions as a result of sustained research and development efforts.
Following the strong commercial launches of Optimum AQUAmax hybrids, Optimum AcreMax insect protection and Optimum AcreMax Xtra products in 2012, this year’s pipeline advancements underscore DuPont Pioneer’s progress in bringing local solutions to growers’ biggest challenges. Together with the solid growth of DuPont Crop Protection’s DuPont Rynaxypyr, and launches of DuPont Cyazypyr, Dermacor seed treatment and Penthiopyrad, DuPont’s Agriculture pipeline is delivering today and poised for future growth.
"Our ability to unlock our strong seed germplasm potential using biotechnology, sustainable chemistry profiles and leading nutrition science demonstrates DuPont science at work for the global marketplace. Our unique routes-to-market, application development capabilities and local footprint ensures a close relationship with growers and food companies alike to bring tangible solutions from the ground up," Borel said.
Borel used the Brazil corn business as an example of successful product introductions combined with our advantaged route-to-market. Using advanced breeding and biotechnology, DuPont scientists have created unique products like Optimum Intrasect, with two modes of action for lepidopteran insect control, and early soybean varieties and corn hybrids uniquely designed to enable safrinha double-cropping systems. These two high-yielding products with native and biotech protection, delivered through our system of local sales professionals helped DuPont Pioneer achieve a multi-point gain in corn market share in the Brazil summer season and position us for continued growth in the current safrinha season.
A full copy of Borel's presentation can be found by clicking: "Events & Presentations on the DuPont Investor Center.