DuPont Purchases SoyProtein Facility in China

DuPont Purchases SoyProtein Facility in China

WILMINGTON, Del.--DuPont (NYSE:DD) (www.dupont.com) reached an agreement with the Yun Meng county government in China to acquire the Hubei Longyun Protein Food Group's soy protein facility for an estimated $20 million. The new venture, known as DuPont Yun Meng Protein Company Ltd., will allow DuPont to meet the growing demand for high-quality soy protein isolate, which will be manufactured in the facility.

"Our goal is to substantially grow the business globally, building off our technology capability by having localized product development and production to best meet consumer needs with world-class processing and distribution," said J. Erik Fyrwald, vice president and general manager for DuPont's nutrition and health division.