Home / Knowledge / News / Textiles / DuPont plans expansion in India
DuPont plans expansion in India
18
Apr '13
Subsequent to its acquisition of Danish biosciences company Danisco, US-based chemical major E. I. Du Pont de Nemours and Co., or DuPont is now planning to expand in Indian industrial biosciences business space.
 
The DuPont Group intends to offer products, including renewably sourced materials like fibre for producing carpets, fabrics and bioactive products like enzymes, which find utility in textiles and chemical industries, to the Indian market.
 
The senior management team of DuPont’s industrial biosciences business, which visited India to study the prospects of expansion in this space, said they have identified textiles, fabric care and households as key areas for expansion. Also, they underscored the importance of biofuel sector in India.
 
During a media briefing in Mumbai, Du Pont Industrial Biosciences President Jim Collins said they are trying to better understand the demand of Indian consumers through market research and local advisors.
 
The Group intends to establish an application development centre for industrial biosciences at its DuPont Knowledge Centre in Hyderabad, which would require the company to add 50 new employees to its existing staff of 50, Mr. Collins said.
 
Mr. Collins said the new investment would help them develop science specific to the needs of Indian markets and stand to the challenges and bank on opportunities coming with a growing middle class.
 
The Group, which took over Danisco for a price of US$ 5.8 billion in 2011, is also examining the prospects of synergies between the Danish firm’s Indian subsidiary and its Genencor biosciences arm in India.
 
Offering technologies for segments like textile, biofuels and fabric care, the industrial biosciences business of DuPont last year contributed about US$ 1.2 billion to its global revenues.
 
Operating with a staff of at least 4,000 people, the Group marks its presence in India since 1994.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search