NEW YORK, Aug. 11 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD) is poised to address global megatrend challenges and expects to deliver revenue growth of at least 15 percent in 2010, said Mark P. Vergnano, executive vice president, at the Jefferies – Industrial and A&D Conference.
"The fundamental driver of our long-term growth is market-driven innovation, aligned with major secular trends in the areas of increasing agricultural productivity, reducing dependence on fossil fuels, and protecting people and the environment. In 2010, we are targeting 30 percent of our sales from new products introduced over the last four years," Vergnano said. "Our aggressive product launches are paying off; we're doing our market development work and we're moving faster. That's resulting in increased sales and profitability."
"In emerging markets alone, where DuPont has been enhancing its offerings and investments, our year-to-date sales are up 32 percent, with the standout being Emerging Asia, which is up 58 percent," he added.
Among the growth targets Vergnano highlighted were: seeds; crop protection; photovoltaics; products for energy-efficient vehicles and buildings; personal protection products for industrial workers and first responders; and infrastructure and industrial growth in emerging markets.
DuPont (www.dupont.com) 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 90 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 documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, 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, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.