DuPont Forecasts Strong Growth | November 9, 2009 Issue - Vol. 87 Issue 45 | Chemical & Engineering News
Volume 87 Issue 45 | p. 24 | Concentrates
Issue Date: November 9, 2009

DuPont Forecasts Strong Growth

Department: Business
Keywords: DuPont, economy

As the global economic recovery gets under way, DuPont CEO Ellen J. Kullman predicts that her firm will deliver 20% compound annual earnings growth for the 2009–12 period. Speaking at the firm’s recent investor day, Kullman added that she expects DuPont to generate 10% compound annual revenue growth over the same period. Kullman, who will add the title of chairman when her predecessor Chad Holliday retires on Dec. 31, expects to achieve her goals in part through $1 billion in fixed-cost reductions and $1 billion in working-capital productivity gains. She also reiterated her intention to capitalize on emerging markets and on growing demand for alternative energy, food, and products that ensure personal and environmental safety (C&EN, Aug. 17, page 17).

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