DuPont Expects Strong 2010 Performance Polymers Sales Growth, Margin Expansion
Building on 2009 Momentum in 2010
Wilmington, Del., Feb. 24, 2010 - At the DuPont Investors’ Business Review Series teleconference today, Diane H. Gulyas, president – DuPont Performance Polymers, highlighted plans to grow the business’ sales greater than 12 percent in 2010 while increasing the pre-tax operating income margin.
“Critical elements of the business plans include leveraging global capabilities and value chain expertise, continued productivity initiatives and growth in emerging markets which accounted for almost 30 percent of sales in 2009,” Gulyas said. “DuPont Performance Polymers expects to deliver about 10 percent compounded annual sales growth rate and pre-tax operating income margin expansion greater than 700 basis points between 2009 through 2012.”
Gulyas highlighted examples of growth through new applications for products such as DuPont™ Hytrel® thermoplastic elastomers which have been adopted for key railway infrastructure projects in India and China; replacement of metal with high-performance plastics in under-the-hood components for weight reduction in the transportation industry; and DuPont’s broad portfolio of renewably sourced engineering resins.
Guylas previewed a new technology platform, which will launch next week, with product offerings that provide longer-performance at higher temperature requirements. Gulyas expects business growth will be fueled by growth in emerging markets, economic recovery, new products and continued cost and working capital productivity improvements.
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