Dow, DuPont Resolve Dispute about Marketing of Certain Corn Seed Products

Date:01-13-2011

Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, and DuPont (NYSE: DD | PowerRating) business Pioneer Hi-Bred have resolved a dispute regarding the marketing of certain corn seed products sold through Pioneer's PROaccess(SM) business unit. As part of the resolution, Pioneer will continue to distribute products through its PROaccess(SM) business unit, with modified packaging. Further details were not disclosed.
Growers play a critical role in improving productivity in agriculture. Helping growers meet those goals is clearly a priority for both companies. This settlement illustrates how trait and germplasm developers can cooperate to enable independent seed companies and others to provide creative productivity-enhancing solutions to the farmer.
Pioneer Hi-Bred a DuPont business headquartered in Des Moines, Iowa, is the world's leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success(TM).
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a top-tier agricultural company providing innovative agrochemical and biotechnology solutions globally. The company, a wholly owned subsidiary of The Dow Chemical Company, has sales of $4.5 billion. Dow combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2009, Dow had annual sales of $45billion and employed approximately 52,000people worldwide. The Company's more than 5,000 products are manufactured at 214sites in 37countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.