Chairman and CEO Chad Holliday Updates Investors on Growth Opportunities
NEW YORK, May 30 /PRNewswire-FirstCall/ -- At an investors' conference here today, DuPont Chairman and CEO Charles O. Holliday, Jr., said the company is accelerating growth through DuPont innovation that addresses global macro trends related to food, safety and security, and renewable energy.
"DuPont is a market-driven science company," Holliday said at the Sanford Bernstein Strategic Decisions Conference. "The very core of our competitive advantage is scientific discovery and new product innovation. We have aligned our technical capability with key external trends to drive growth faster.
"Science has the potential to help feed the world, provide safer and more secure lives for people everywhere, and address global energy challenges," Holliday added. "DuPont is pursuing science-based solutions that meet customer and market needs, while providing value for our shareholders and society in general."
Holliday noted that global population growth is the common denominator driving both needs and demand in the areas of agricultural productivity, safety and security, and renewable energy. According to the United Nations, the world's human population has grown from about 2.5 billion in the mid-20th Century to more than 6.5 billion today, with projections rising to an estimated 9 billion people by 2050.
Agricultural Productivity. To accommodate the rising demand for food and dietary protein by the world's population between now and 2025, global food production will need to double on virtually the same amount of land currently in production, Holliday said.
DuPont, one of the largest producers of corn seed in the world, is
using biotechnology to develop insect-resistant hybrids to improve
productivity, quality and yield and to accelerate breeding step changes and
rate of genetic gain. "We have a rich pipeline of new products under
development to enhance yield a
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