DuPont
business Pioneer
Hi-Bred had significant sales volume growth of its
Pioneer® brand corn, soybean and canola seed this spring,
said Frank
Ross, Pioneer regional director – North America, during
an investors’ Business Review Series on Friday.
“As
expected, sales volume gains, along with double-digit seed
price increases and a strong outlook for the North American
seed business, will be a primary driver of at least 15%
cumulative average earnings growth rate of the DuPont
Agriculture & Nutrition business through 2013,” Ross said.
Pioneer
is forecasting significant growth in three of its major seed
brands in North America for 2009.
- Corn sales volume is
forecasted to grow 7 to 8%
- Soybean volumes are
expected to increase 10 to 12%
- Canola volume growth
is predicted to be 38 to 40%.
“We
are winning and winning big in North America,” Ross said.
“We have been investing, aligning and redesigning our entire
North American organization over the last few years to be
closer to our customers. Our commitment to help farmers
maximize their productivity and profitability – to get the
right product on the right acre – is paying off for farmers,
for DuPont and for its shareholders.”
Pioneer
continues to expect strong market share gains, with plans to
announce North American market share once planting is
complete and the United States Department of Agriculture
(USDA) has updated its U.S. planted acreage report.
To listen
to a recording of the Business Review webcast, visit the DuPont
Investor Center.
Pioneer Hi-Bred, a DuPont business, is the world’s leading
source of customized solutions for farmers, livestock
producers and grain and oilseed processors. With
headquarters in Des Moines, Iowa, Pioneer provides access to
advanced plant genetics in nearly 70 countries.
DuPont 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
70 countries, DuPont offers a wide range of innovative
products and services for markets including agriculture and
food; building and construction; communications; and
transportation.
The DuPont Oval Logo, DuPont™, The miracles of science™ and
Pioneer® are registered trademarks or trademarks of DuPont
or its affiliates.
