The company spends 50 percent of its $1.4 billion R&D budget on food
Dubai, Middle East, October 15th, 2010 -- DuPont, one of the leading market-driven science companies continues to develop innovative food technologies as it commemorates World Food Day today. The common thread for DuPont’s businesses remains market-driven science and innovation that are focused on some of the most important global challenges: feeding the world through increased agricultural productivity, sustainable energy solutions, protecting people and the environment from harm, and responding to growth in emerging regions.
DuPont recently announced the full membership of its advisory committee on Agricultural Innovation & Productivity for the 21st Century. The committee will examine the best public policy mechanisms and business practices to increase global agricultural production and unleash agricultural innovation.
“Increasing food production is a priority initiative for DuPont. The company invests about half of its $1.4 billion annual research and development budget to furthering this goal. Emerging markets, like Middle East face different local challenges. Hence understanding market insight is critical to drive DuPont market-driven science to penetrate and grow. We initially establish relationships with strong local supply chains and build a base of business with our existing offerings and then use our science capabilities to develop products that are tailored to the unique demands of the local market. DuPont is committed to bring innovative food industry solutions to address hygiene and safety issues in the burgeoning Middle East food services industry,” said Waheed Shaikh, Food Industry Leader – Middle East.
DuPont food Industry solutions focus on food ingredients, food packaging and food safety solutions. DuPont’s food department is intensifying research on plant genetics, crop protection, food safety and packaging, nutrition in support of the global call for better food production practices and technologies.
“The United Nations projects a 34 percent increase in global population representing about 9 billion people - about 150,000 new people to feed every day - by 2050. The Middle East alone is expected to post a population of more than 500 million people by 2030. Increasing agricultural productivity and food availability are essential factors in meeting the United Nations’ Millennium Development Goals by 2015. Hence, it is critical that we become more responsive to our customers needs in the changed global landscape and drive strategic imperatives as a part of our sustainable growth mission. DuPont continues to build its Agriculture & Nutrition pipeline and strategically invest in the emerging markets including Middle East,” he further stated.
Safety is a critical element at DuPont. Earlier this year, DuPont participated at the 5th Dubai International Food Safety Conference (DIFSC) presenting food safety solutions to meet local food industry challenges. DuPont was also recently recognized by the Wall Street Journal 2010 Technology Innovation Awards for its BAX® System as groundbreaking technology in the fight for global food safety.
“The world needs better food production strategies that can match rapid population growth and the demands brought about by economic expansion. In the Middle East, the thriving tourism sector has hiked demand for food products and services. Our goal is to create innovative technologies that enhance food production while maintaining safety and quality. World Food Day is a reminder that the world is counting on us to provide better solutions to meet food challenges. We remain confident about 2011 based on our strong line-up of new products,” he added.
In addition, Pioneer Hi-Bred, a DuPont business, is the world’s leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success™.
October 16 was declared World Food Day in 1979 by the Conference of the UN Food and Agriculture Organization. This day is intended to increase public awareness on the global food problem and to unify nations against hunger, malnutrition and poverty.
DuPont (www.dupont.com) 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 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
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