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DuPont to announce soybean research center
Aug. 11, 2014
DuPont is expected to unveil plans for a new $35 million soybean research facility at its Stine Haskell Research Center in Newark. The facility will be the second of two DuPont Pioneer research facilities in this state. The facility will be about 134,000 square feet, and will include modern greenhouses. It will be mainly for the purpose of developing Pioneer soybean products, DuPont reported.
DuPont reports that U.S. growers have planted Pioneer brand soybeans more than any other brand for 20 years. During its quarterly earnings report last month, company executives stated that farmers are shifting much of their acres from corn to soybeans. Corn makes up about half of the company's seed business. Company officials have described this as a short-term problem.
According to the announcement, the unveiling event "will highlight the importance of the State of Delaware to the company's strategic focus on Agriculture and Nutrition against the backdrop of a growing world population."
Source: Delaware online
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