High hopes for DuPont’s Sorona apparel business - sportstextiles: Lea SportsTextiles

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High hopes for DuPont’s Sorona apparel business

12/05/2010

DuPont is accelerating growth within its Applied BioSciences business in response to increased demand for its high-performance, renewable products. The company’s goal for its Applied BioSciences business, which includes its Sorona polymer products, is $1 billion in revenue and $250 million in pre-tax earnings by 2015.

Sorona polymer operations have doubled since 2007 and now include four polymer facilities: two in North Carolina and two in China. The Sorona apparel business has grown more than 300% during the last two years. Sorona contains 37% renewable materials derived from corn.

"DuPont is uniquely positioned to lead in industrial biotechnology. We are connecting our core technology capabilities to markets that can be transformed by our science and this strategy is beginning to pay off," said Thomas Connelly, DuPont executive vice president and chief innovation officer. "The Applied BioSciences portfolio is developing solutions to reduce dependence on fossil fuels, and continues to be one of the most significant growth opportunities in the company's history."

"We are seeing rapid growth and expansion from our first suite of biomaterials products while our biofuels programs have met technical and economic hurdles and advanced to the demonstration phase," said Craig Binetti, president, DuPont Applied BioSciences. "As a result, we are confident in our goal to deliver substantial revenue and earnings growth for DuPont."

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