DuPont centre to expand into food, energy, protection
DuPont Knowledge Centre will expand its work in the three global mega trends of food, energy and protection, said Homi C Bhedwar, DuPont's Technical Director, South Asia.
As a part of this, DKC will add space, facilities and scientists to develop solutions tailored to local market demands and customer needs, where DuPont is eyeing a market opportunity of $5 billion.
Expressing inability to disclose the investments that will go into the expansion, citing DuPont's global policy, he said DuPont has so far invested over $50 million on DKC and "will invest significant amounts" on expanding its research activities on the new areas planned.
DuPont President (South Asia) Rajeev Vaidya said the expansion of DKC demonstrates the company's focus on India, which is "strategically very important with a market opportunity of over $5 billion and ninth largest market globally for DuPont."
At present, India accounts for over 80% of DuPont's South Asia sales of $900 million and the DuPont expects to grow its sales at least 2-3 times the GDP in the region, said Vaidya.
For the time, DKC will focus on application develop capabilities for fabric care, textile processing and grain processing under industrial biosciences, light-weight applications for the growing automotive market in India and applications in food packaging. The new initiatives also include developing particle technology and polymer processing for applications in plastics, for applications in automotive applications such as tires, conveyor belts and hoses.
"With India emerging as the global hub for small cars manufacturing, development of lighter weight polymers that could replace metal without compromising on the safety offers major opportunity," said Vaidya.
Homi Bhedwar said DKC is the company's only R&D centre outside the US that has development activities in all the three global mega trend areas and the proposed expansion will make DKC the largest seed research centre for DuPont outside the US.