DuPont reveals strong second quarter growth

Sales in performance materials, which includes packaging and industrial polymers and Teijin films, grew by 8% to $1.8bn (£901.4m), although profit dropped by 2% to $223m.

DuPont said the growth was driven by price increases, currency fluctuations and strong growth in Asia Pacific.

Its total sales increased by 12% to $8.8bn, with sales outside the US, which account for 60% of turnover, rising by 18%. Sales in emerging markets grew by 23%.

The company’s net profit was $1m.

DuPont chairman and chief executive Charles Holliday said: “We are executing well in a challenging environment and we remain focused on achieving our 2010 accelerated growth plan.”

The company has already announced that it is to invest $150m to expand and upgrade manufacturing facilities in Europe, the US and Asia.

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