Weyerhaeuser and DuPont Pioneer Enter Technology License Agreement
FEDERAL WAY, Wash., July 24, 2014 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced a technology license agreement with DuPont Pioneer that will advance seed technologies to help meet growing global demands for food, feed and fiber.
The agreement brings together agricultural and forestry know-how to sustainably improve crop productivity for corn growers around the world. Based on scientific research behind years of Weyerhaeuser NR sustainable forestry, the manufactured seed technology allows for the storage, nourishment, planting and germination of cells capable of growing into a plant. This technology provides a means to cost-effectively regenerate valuable, limited or fragile plant material.
"DuPont Pioneer is pleased to work with Weyerhaeuser to build upon our robust pipeline of enabling technologies," said John Arbuckle, vice president, Crop Genetics Research and Development for DuPont Pioneer. "We are committed to helping growers be more productive and profitable on every acre. This new agreement provides access to cutting edge technology to support that objective."
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control nearly 7 million acres of timberlands, primarily in the U.S., and manage another 14 million acres under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood and cellulose fibers products. Our company is a real estate investment trust. In 2013, we generated $8.5 billion in sales and employed approximately 13,700 people who serve customers worldwide. We are listed on the Dow Jones World Sustainability Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.
About DuPont Pioneer
DuPont Pioneer is the world's leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success®. For more information visit www.pioneer.com.
SOURCE Weyerhaeuser Company