[lbo-talk] Dupont says sees China growth accelerating

uvj at vsnl.com uvj at vsnl.com
Fri Jun 16 15:54:13 PDT 2006


Reuters.com

Dupont says sees China growth accelerating http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-06-16T045006Z_01_PEK354036_RTRIDST_0_CHEMICALS-CHINA-DUPONT.XML&rpc=66

Fri Jun 16, 2006

BEIJING, June 16 (Reuters) - DuPont Co. (DD.N: Quote, Profile, Research), the second-largest U.S. chemicals maker, said on Friday its growth in China would accelerate and that it was adding hundreds of employees a year at its China operations.

"We have seen healthy double-digit growth in sales and in fact that could accelerate," Thomas Powell, a company vice president and head of Dupont's China operations, told reporters.

The company, which trails only Dow Chemical Co. (DOW.N: Quote, Profile, Research) in the U.S., expects earnings this year to rise 22 percent over 2005 to $2.85 a share due to cost cuts and strong pricing.

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