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DuPont Expects Strong 2010 Agriculture & Nutrition Sales Growth, Margin Expansion
Date:2/10/2010

NEW YORK, Feb. 10 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD) Executive Vice President James C. Borel said he expects the DuPont Agriculture & Nutrition segment to grow sales by 10 percent in 2010 and increase pre-tax operating income margin across the seed, crop protection, and nutrition and health businesses.  

"Our focus on customers and investing to meet their needs is paying off," Borel said at the Goldman Sachs 14th Annual Agricultural Biotech Forum.  "We expect 2010 to be just as successful as 2009 with further market share gains, net price increases, margin expansion and continued advancements in the pipeline to support longer-term growth."

North America Seed Orders Up

Borel said seed order books are running ahead of last year's pace and suggest another 1 to 2 point gain in global seed corn market share.  "In North America, we're seeing double-digit volume growth in orders from growers who purchased from us last year," Borel said.

He attributed the growth to another season of strong product performance and the company's "right product, right acre" approach to the market.  Yield comparisons show strong advantages for Pioneer® brand double-stacked hybrids compared to competitive double and triple stacked hybrids.  "We are very pleased with the 2010 new hybrid class, which is showing strong yield advantages across all maturities," said Borel.

Pioneer® brand soybeans developed with Accelerated Yield Technology or the AYT™ System continue to drive a Pioneer yield advantage over competitive varieties with the latest competitive technology.  In 2009 growing season comparisons, Pioneer® brand soybeans with the original Rou
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SOURCE DuPont
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