Processing Magazine

DuPont to Open a New Facility

March 9, 2010

According to Zacks Equity Research, DuPont has recently announced that its subsidiary, Pioneer Hi-Bred, plans to construct a commercial and parent soybean seed production facility in New Madrid County, Missouri. Pioneer is building the $55 million project to meet rising demand for its products and help farmers meet the strong global demand for grain. Pioneer Hi-Bred is the world''s leading source of customized solutions for farmers, livestock producers and grain and oilseed processors. The Des Moines, Iowa-based company provides access to advanced plant genetics in nearly 70 countries. Pioneer expects initial operations to begin by the end of 2011 after construction is completed. The new plant is expected to employ about 50 people. As the first Pioneer production facility in Missouri, the new plant primarily will serve soybean producers in the US. Pioneer also has a research facility in Miami, Missouri, as well as corn, soybean, sorghum and wheat seed outlets in the state.