DuPont Opens Office in Myanmar, One of the Fastest Growing Economies in ASEAN
Yangon, Myanmar, Feb. 28, 2014 – DuPont, the world’s leading science company, announces the opening of its business operations in Myanmar, with commitment to helping address the country’s challenges in feeding the growing population, reducing dependence on fossil fuels and protecting people and the environment.
Myanmar becomes the 8th ASEAN country and the 19th Asia territory where DuPont has a presence. DuPont Myanmar focuses on strengthening its local presence through collaboration with local partners to offer science-powered solutions in agriculture, food, energy and construction as well as supporting community initiatives and local people development.
“Myanmar has one of the fastest growing economies and a promising potential to advance ASEAN’s growth. Today’s office opening reflects our long-term commitment in helping meet the country’s needs in agriculture and food, energy and environmental protection,” said DuPont ASEAN Group Managing Director Hsing Ho.
Myanmar’s population today stands at 60 million people. It intends to become one of the world’s leading rice exporters again, making rice crop and agriculture a key growth sector for the country. Myanmar also faces the pressing challenge on developing sustainable and clean energy sources. There are significant energy productions and efficiency investments that Myanmar will need to implement over the next decade.
“DuPont is applying its broad range of scientific knowledge and innovation to address these urgent needs. We believe that no company alone can solve them. We intend to work collaboratively with government, NGOs, academic, customers and business partners to find sustainable solutions. We call this ‘The Global Collaboratory™’ which means a spirit of working together to solve the country’s challenges for a better, safer, healthier life of the people,” Hsing said.
“We believe our integrated science can play a critical role in supporting Myanmar’s sustainable growth priorities especially in agriculture, food, and energy,” said DuPont Myanmar Managing Director Sittideth Sriprateth.
DuPont is committed to enabling local farmers through advanced agriculture technologies and practices. The company’s contributions include maximizing the yield from hybrid seeds through sustainable farming practices, protecting fields against pests and disease, enhancing the nutritional value of food, and reducing waste by packaging food to protect it from contaminants and decay. Over 60 percent of DuPont’s total global research and development budget is devoted to innovations in agriculture and food.
“We also are uniquely positioned to address the rising demand for secure, environmentally sustainable and affordable energy sources such as solar energy. Over 70 percent of all photovoltaic solar panels ever made globally use DuPont materials.” Sittideth added.
“We are committed to the collaboration among all public and private organizations and experts across all key industries with an aim to build sustainable growth for Myanmar. We also are exploring opportunities to support community initiatives and local people development,” Sittideth concluded.
DuPont has more than 10,000 scientists and engineers working across more than 150 R&D centers globally. It also is one of the first companies to publicly establish sustainability goals more than 20 years ago.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.
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