June 16, 2011
DuPont to boost agricultural market in Sri Lanka
DuPont will build a profitable business in Sri Lanka focusing on agriculture, food. and nutrition. said the president of South Asia DuPont, Balvinder Kalsi.
Kalsi was addressing a ceremony to launch the entry of DuPont Lanka Ltd. into the local market. He said Sri Lanka has huge opportunities for business which are very much linked to the core businesses of DuPont. DuPont will serve local customers focusing on key growth markets aligned to the Sri Lankan economy.
DuPont, a science and research company started operations as a gunpowder factory in USA in 1802. The company which commenced business with 40 employees and a turnover of US$15,000 has expanded into a US$32 billion entity with over 60,000 employees in 90 countries.
"DuPont will also focus on opportunities in the textile, infrastructure, and construction sectors in Sri Lanka", Kalsi said.
DuPont runs 13 businesses globally with Kelvar, Nomex, Teflon, and Tyvek as some of its leading global brands.
Country Manager of DuPont Lanka (Pvt) Ltd., Mahinda Halangode, said DuPont will market high yielding seeds and help the agriculture sector to produce quality food for more people.