Business News
Mark Vergnano Updates Investors on S&P Growth
Thursday 22. May 2008 - Mark Vergnano, group vice president ? DuPont Safety & Protection, briefed investors in New York yesterday on the segment's growth strategies for 2008 and beyond.
Mark highlighted growth areas, innovations and plans for expansion in emerging markets. He also focused on key initiatives to pursue high-growth markets such as advanced materials, personal protection and industrial services with new business models, new products and technologies, geographic expansion and plant efficiencies and expansions.
“We have had a strong track record with 65 percent growth since 2002. We now are building on that progress by pursuing new market opportunities and reviewing potential acquisitions,” Mark said. “A key driver for us is international momentum based on the unique value propositions we have to offer. We expect to deliver 7 to 9 percent organic growth annually over the next three years; our overall goal is double digit growth for all of our businesses in every region.”
Mark also explained how the segment has redefined its addressable markets:
Advanced materials – higher level of functionality and light weight strength at lower system costs;
Personal protection – industrial, emergency response and military; apparel systems and accessories; detection systems; safety consulting, training and services;
Industrial services – clean air, water and fuel; process contamination reduction and yield improvement; and mitigation and control of microbial contamination, and;
Sustainable buildings – energy management, weather protection and functional design.