March 5, 2010

DuPont announces new US$55 million soy facility

DuPont business Pioneer Hi-Bred plans to construct a US$55 million commercial and parent soy seed production facility in New Madrid County, Missouri, to help farmers meet rising global grain demand.

Pioneer expects initial operation to begin fall 2011 after construction is completed. The new plant is expected to employ about 50 people once it is fully operational.

The location strengthens the ability to bring new products to the market faster and help farmers increase productivity and profit, said Paul Schickler, President of Pioneer Hi-Bred.

As the first Pioneer production facility in Missouri, the new plant primarily will serve soy growers in more southern geographies in the US. Pioneer also has a research facility in Miami, Missouri, as well as selling corn, soy, sorghum and wheat seed in the state.

Pioneer Hi-Bred, a DuPont business, provides access to advanced plant genetics in nearly 70 countries.