DuPont announced Tuesday the forthcoming execution of a $100 million reinvestment plan to increase speed-to-market for new seed products.
The plan will add over 400 positions, mostly in research and development in DuPont subsidiary Pioneer Hi-Bred. The investment will be the largest year-to-year increase in Pioneer's 81-year history.
"The global demand for agricultural crops is very strong," says William S. Niebur, vice president of DuPont Crop Genetics Research & Development. "We have the science to help farmers and others across the value chain meet the growing demand. This additional investment will allow us to put that science to work for our customers faster."
The Pioneer business will be expanding R&D efforts at 67 of its 92 research centers worldwide. New positions will be filled by redeploying current employees from other DuPont businesses and outside hiring.