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DuPont Group Vice President Briefs Investors on Performance Materials Segment Growth Drivers
NEW YORK (Map) - "We have created significant value for shareholders over the past three years despite the rapid rise in the price of oil and the cost of derivative products we buy as ingredients," Gulyas said. "We've accomplished this with successful new applications development while paying close attention to our prices and capturing cost productivity gains. And we have tremendous opportunities to extend our growth in end-use markets, especially in the rapidly growing emerging geographic markets." Gulyas highlighted several new product innovations, plans for expansion in emerging markets, and participation in high growth, end-use markets such as photovoltaics for solar cells, advanced metals replacement, and renewably sourced polymers. She said that a critical element of the segment's plan is to extend cost productivity initiatives to enhance profitability and counter further increases in ingredient costs. "These growth drivers and disciplined execution of our strategies should enable us to deliver 4-5 percent top-line growth and double-digit bottom-line growth annually over the next three years," Gulyas said. Performance Materials segment growth will be an essential element of
DuPont's 3-year acceleration plan announced Today's presentation can be found at the Investor Center of the company's website at www.dupont.com . DuPont (NYSE: DD) 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. 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 DuPont's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, 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 of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.
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