NEW YORK, March 7, 2012 /PRNewswire/ -- Innovative technology, local product advancements and a strong 2012 research pipeline have positioned DuPont's seed business, Pioneer Hi-Bred, for continued growth, Pioneer President Paul E. Schickler told attendees at the Goldman Sachs Agricultural Biotech Forum today.
"Global trends like an expanding middle class and rapid urbanization in developing economies are driving the demand for food and require constant innovation, global science and local solutions to feeding a growing population," said Schickler. "Pioneer is dedicated to meeting these challenges and building upon our double-digit sales growth in 2011 with the Right Product Right Acre strategy."
Schickler presented the 2012 seed research pipeline that features five product advancements and three program additions as a result of last year's R&D efforts. With many advancing programs close to commercialization, Pioneer also received 39 regulatory approvals in 2011 and submitted another 34 documents pending approval.
This year's pipeline advancements underscore Pioneer's success with the Optimum® AcreMax® family with a wave of insect protection products launching commercially in 2012. Together Optimum® AcreMax® 1 and Optimum® AcreMax® XTRA are anticipated to achieve 65 percent penetration of the company's above and below ground insect protection offering in North America.
"Our ability to innovate stems from our close relationships with growers as we look for new products and new ways to serve our customers," Schickler said.
Schickler used the Brazil soybean product evolution as an example of Pioneer's multi-pronged approach to product development. Pioneer® brand Y series soybeans on the market today have been developed specifically for that country. Using tools like the Accelerated Yi
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