DuPont Counting on Emerging Markets – Analyst Blog
Zacks Market Commentaries (September 18th, 2009) Writes:
EI Du Pont Nemours Co. (DD), the world’s second largest chemical company, recently announced that it will benefit from the recovering economies in emerging markets including China, India and Brazil, where a significant increase in population and globalization are fueling demand.
DuPont sales in emerging markets have grown by 80% in the past five years at a compound annual growth rate (CAGR) of 16% and accounted for nearly one-third of the company's $30.5 billion sales in 2008. While 2009 emerging market sales estimates are expected to drop about 10% from $9 billion in 2008, the company projects 2012 emerging market sales of about $13 billion.
DuPont’s sales in China grew at a CAGR of 14% over the last five years. Sales in 2008 were about $1.7 billion. The company expects solar and light-weight vehicle technologies to help growth in China. The company is currently a major supplier to the crystalline silicon
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