NEW YORK, June 7, 2011 /PRNewswire/ -- DuPont (NYSE: DD) Chair and CEO Ellen Kullman told investors at the JPMorgan Diversified Industries Conference to expect attractive long-term growth from DuPont through product and process innovation, selective investment in attractive areas, broad-based growth, especially in developing markets, and a relentless focus on productivity. Kullman also reaffirmed DuPont's 2011 earnings per share (EPS) outlook in the range of $3.65 to $3.85 per share, excluding the impact of Danisco. As previously announced, the Danisco acquisition could reduce 2011 earnings by $.30-$.45 per share on a reported basis.
"We believe DuPont is uniquely positioned to tackle big global challenges that offer the opportunity for significant top-line growth and value creation," said Kullman. "The recent acquisition of Danisco is a perfect fit with our growth strategy around feeding a growing population, decreasing dependence on fossil fuels and protecting people and the environment.
"We will leverage Danisco's world-leading capabilities in enzymes and fermentation, with DuPont's strengths in biomass processing and microbial engineering. This combination results in a powerful, integrated set of tools to create the next generation of cost-effective biofuels and biobased materials," said Kullman. "Simply put, our vision is to start with renewable raw materials and create differentiated products with excellent environmental profiles and superior economics for our customers."
Kullman indicated that DuPont continues to focus on market-driven science to meet market needs. In 2010, 31 percent of the company's sales came from products that were introduced within the past 4 years, "We have made innovation and productivity a part of our DNA at DuPont,"
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