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"DuPont's market-driven science and commitment to innovation and productivity are winning in key markets, despite economic headwinds early in the first quarter," said CEO and chairwoman Ellen Kullman. "We are prioritizing our R&D portfolio to deliver food, energy and protection solutions for the world's growing population," she added. On a global basis, The DuPont Co. saw sales increase by 23 percent in Latin America, with 15 percent higher local selling prices and a 4 percent volume gain. Volumes fell by 13 percent in Asia-Pacific region, however, and were essentially flat in North America, Europe, Africa and the Middle East. Sales were off by 17 percent in the electronics and communications unit as volumes fell 18 percent amid weak demand for photovoltaics that was partially offset by increased demand for smart phones and tablets. Continued softness in the market for titanium dioxide, a whitening pigment used in a broad range of products was reflected in 10 percent lower volumes in the performance chemicals unit, although 16 percent higher selling prices offset the drop in volume.
[Associated
Press;
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