DuPont Indonesia Investment To Double

Matt Hopkins Posted by Matt Hopkins|19 July 2010

JAKARTA, Indonesia — Due to positive progress in the Indonesian economy, DuPont expects its sales and investment in the country to at least double by 2015, reports The Jakarta Post. DuPont has invested more than $100 million in Indonesia during the 35 years it has been operating in the country. DuPont Asia Pacific Ltd president Carl J. Lukach estimates the company’s Indonesian sales will reach around $200 million this year, with 40% coming from its agricultural products.

DuPont operates 11 of its 13 business lines in Indonesia; its top-two businesses in the country are Pioneer Hi-Breed and crop protection products. PT DuPont Indonesia president director George Hadi Santoso says the company’s agriculture business has opportunities to expand, such as in corn where only one-third of total area planted to corn is using hybrid seed, while the remaining two-thirds use traditional seed.

DuPont’s sales in emerging markets have grown 80% during the past five years, according to company reports. It expects emerging market sales to reach approximately $13 billion by 2012, up from $9 billion in 2008.

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