DUPONT
    2003 REVIEW
OUR VISION: To be the world’s most


                                                          dynamic science company, cr...
T E F L O N ® F L U O R O P O LY M E R | T E F L O N ® N O N - S T I C K F I N I S H | T E F L O N ® FA B R I C P R O T E ...
DUPONT

     CHAIRMAN’S MESSAGE
            hroughout 2003 the ongoing

     T                                            ...
distinguishing between commodity                    In 2003 we received our second            With some of the most fundam...
DUPONT

     CORPORATE HIGHLIGHTS
     (dollars in millions, except per share)



     OPERATING RESULTS                  ...
DUPONT

OUR COMPANY
DuPont is a science company. Our vision is to be the world’s most dynamic          Below top to bottom...
DUPONT

                                  AGRICULTURE & NUTRITION
       Strategic Direction: Increase
       the quality,...
The global population grows by 200,000 daily. Rapacious insects and weeds confront productive farmland.
         Deadly pa...
DUPONT

                                   COATINGS & COLOR
                                   TECHNOLOGIES
              ...
Ever-growing markets in the Asia Pacific region call out for more products, faster service. An automaker must
         cut...
DUPONT

      ELECTRONIC & COMMUNICATION
      TECHNOLOGIES
                     Strategic Direction: Make
               ...
Information flies around the world at an ever faster pace and volume, requiring ever-more sophisticated technologies to
  ...
DUPONT

      PERFORMANCE MATERIALS
                                                                                      ...
The supply and environmental impact of fossil fuel consumption calls for new approaches to automotive engineering.
       ...
DUPONT

      SAFETY & PROTECTION
                                                                                        ...
High velocity storms rampage through coastal regions. Emergency responders and military troops operate in
          danger...
DUPONT

              2003 HIGHLIGHTS
                                                                                  Du...
DuPont was selected as a founding
                                                                             partner of ...
DUPONT

      CORE VALUES
            hroughout its history,                   prevention programs. Occupational         c...
We continue to support the                     Our sources will include hydroelectric,
development of responsible public  ...
Above left: To give children a taste
                                             We strengthened our commitment          ...
Below left: The Okefenokee
DUPONT LAND LEGACY
                                                                            ...
DUPONT

                                     BOARD OF DIRECTORS
      Charles O. Holliday, Jr.
                           ...
du pont 2003 10K
du pont 2003 10K
du pont 2003 10K
du pont 2003 10K
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du pont 2003 10K

  1. 1. DUPONT 2003 REVIEW
  2. 2. OUR VISION: To be the world’s most dynamic science company, creating sustainable solutions essential to a better, safer, healthier life for people everywhere. FRONT COVER PHOTOS: DuPont™ SentryGlas® Expressions™ technology brings more natural daylight and art into kindergarten. Farmers planting Pioneer® brand corn hybrids won 22 of 27 categories in the 2003 National Corn Growers Association Corn Yield Contest. Analytical chemist Eva Frigge searches for ways to make the clear topcoat of automotive finishes tougher. The translucency of DuPont™ Corian® solid surfaces was showcased at the International Furniture Fair in Milan. Limited combustible cable jacketed with DuPont™ Teflon® fluoropolymer makes LAN communications systems and data centers safer.
  3. 3. T E F L O N ® F L U O R O P O LY M E R | T E F L O N ® N O N - S T I C K F I N I S H | T E F L O N ® FA B R I C P R O T E C T O R | CORIAN® SOLID SURFACE | NOMEX® FIBER | KEVLAR® FIBER | TYVEK® PROTECTIVE M AT E R I A L | P I O N E E R ® S E E D S | Q U A L I C O N ® M I C R O B I A L S O L U T I O N S | A L L Y ® H E R B I C I D E | EXPRESS HERBICIDE | FINESSE HERBICIDE | GLEAN HERBICIDE | ® ® ® HARMONY® HERBICIDE | CIMARRON® HERBICIDE | STEADFAST® H E R B I C I D E | STAPLE HERBICIDE | AVAUNT INSECTICIDE | STEWARD INSECTICIDE ® ® ® | VYDATE I N S E C T I C I D E / N E M AT I C I D E | TA N O S ® F U N G I C I D E | E X C E L O N ® F I R E ® ANT BAIT | SOLAE SOY PRODUCTS | SURLYN RESIN | SENTRYGLAS ® ® ® INTERLAYER | COOL2GO™ WRAP | TYNEX® FILAMENTS | HYTREL® ENGINEERING P O L Y M E R | Z Y T E L ® N Y L O N R E S I N | D E L R I N ® A C E TA L R E S I N | N A S O N ® F I N I S H E S | S TA N D O X ® F I N I S H E S | SPIES HECKER FINISHES | IMRON POLYURETHANE ® ® ENAMEL | S U P R A S H I E L D ™ A U T O M O T I V E C L E A R C O AT | T I - P U R E T I TA N I U M ® D I O X I D E | A R T I S T R I ™ I N K J E T P R I N T E R S | T Y C H E M ® P R O T E C T I V E M AT E R I A L | ZODIAQ® QUARTZ SURFACE | KRYTOX LUBRICANTS | SOFTESSE MEDICAL ® ® F A B R I C | SUPREL® MEDICAL FABRIC | ACTUREL® MEDICAL FABRIC | SONTARA® W I P E S | S O N TA R A ® C L E A N I N G FA B R I C | D U P O N T ™ G A R D E N P R O D U C T S | O X O N E ® P O O L A N D S PA O X I D I Z E R | V E R T R E L ® S P E C I A LT Y F L U I D S | S A F E R E T U R N S ® W O R K P L A C E S A F E T Y P R O G R A M | Z O N Y L ® F L U O R O P O LY M E R | S U VA ® R E F R I G E R A N T S | F O R A F A C ® F I R E F I G H T I N G F O A M | F O D E L ® M AT E R I A L S | K A P T O N ® P O LY I M I D E F I L M | P Y R A L U X ® F L E X I B L E C O M P O S I T E S | R I S T O N ® D R Y F I L M P H O T O R E S I S T S | C Y R E L ® FA S T T E C H N O L O G Y | C R O M A L I N ® P R O O F I N G P R O D U C T S
  4. 4. DUPONT CHAIRMAN’S MESSAGE hroughout 2003 the ongoing T The common denominator in every- needs will be six months, one year, or transformation of DuPont thing we do is science. We have two years from now, and customers’ continued at a rapid and 20 global research and development answers provide direction for our dramatic pace. We launched a “new” centers. We filed for 1,288 U.S. scientists and engineers. DuPont, powered by science and patents in 2003, up more than 25 focused on growth. Our vision is to percent from 2002. A third of those We continue to capitalize on the be the world’s most dynamic science were in biotechnology, the balance in power of our five growth platforms. company, creating sustainable solutions chemistry and other areas of science. We are encouraged by the traction the essential to a better, safer, healthier life In 2003, 29 percent of our sales growth platform concept has achieved for people everywhere. We are intensely were from products less than five in terms of collaboration across our focused on opportunities that can years old compared to 22 percent in businesses and creative solutions for deliver results in 2004 and 2005 and 2000. Our 2005 goal is 33 percent our customers. And we are excited help us achieve our goals of 6 percent and to maintain that into the future. about the impact that the growth annual revenue growth and 10 percent platforms will have in the immediate annual growth in earnings. The purpose of this discovery effort future. In 2003 each platform made is a steady stream of new products a significant contribution to our We made good progress last year. for our customers. Among recent increased revenue. Each platform is Our sales grew by 12 percent in products resulting from our research demonstrating its ability to grow, to 2003, the biggest annual increase of projects are Zytel® HTN high compete and win globally, and to the past 15 years. Some of this was performance polyamide resins, create opportunities in the near term. the result of the change in value of HyperCure® primers for automobile the U.S. dollar, but it was mainly refinish, Fodel® silver conductors for As pleased as we are with this because of the hard work of DuPont plasma television screens, Steward® progress, there is still enormous people earning customers’ trust and and Avaunt® insecticides, and new benefit to be gained from streamlining integrating recent acquisitions. We composites and laminates for body and standardizing our processes and have made more than 20 acquisitions armor that provides soldiers with by devoting more resources to new in the past two years — nine in more protection at reduced weight. products and services and in emerging countries with emerging economies. These are just a few examples of economies such as China and Central As a group they contributed to how we offer customers the technical and Eastern Europe. We are now earnings. The integration of these strength to answer their questions operating in a very different new businesses has proceeded very and solve their problems. Our environment in terms of cost inputs. effectively, and DuPont is a stronger marketing is “inbound.” We want As a result, we are placing increased and more viable company as a result. to know what customer emphasis on margins and on SELECTED ACQUISITIONS AND ALLIANCES 2002 & 2003 PLATFORM BUSINESS REGION INNOVATION EXAMPLES: NEW PRODUCT COMMERCIALIZATIONS Agriculture & Solae, LLC Global PLATFORM PRODUCT Nutrition Griffin, LLC U.S. Shandong Denghai Pioneer China Seed Company Agriculture & Pioneer® Seeds Nutrition Indoxacarb Electronic & ChemFirst, Inc. Global Improved soy flavor Communication Merrimac Industries, Inc. U.S. Technologies Photonics Technologies, LLC U.S. Electronic & Plasma display panel conductors Communication Cyrel®FAST Safety & ChemFirst, Inc. U.S. Technologies Protection Atofina Fluorotelomers Europe Antec International Europe Safety & Clean & Disinfect Protection Environmental solutions Coatings & Color Renpar, S.A. S. America New aramid sheet structures Technologies DuPont Red Lion China Coatings & Color Artistri™ Performance Eastman LCP and PCT U.S. Technologies HyperCure™ clearcoat Materials polymer business Super High Solids clearcoat Wuxi Xingda Nylon Co., Ltd. China Performance SentryGlas® Plus Materials Zytel® HTN 2|
  5. 5. distinguishing between commodity In 2003 we received our second With some of the most fundamental products and products that can National Medal of Technology — changes in our 201-year history support premium prices. Just as we the highest honor for technological moving toward completion, we are began in 2002 to revitalize our R&D innovation in the United States. The more intent than ever on positioning program, we are similarly beginning medal was presented to DuPont by DuPont for growth. We have talented to strengthen our marketing and sales President Bush for technology and people, know-how across key markets, competency across the company. policy leadership in the phaseout and and the strong science foundation replacement of ozone-depleting necessary for success. We are going We are also continuing our progress chlorofluorocarbons (CFCs). Earlier where the growth is in terms of in productivity. Last year, DuPont Six in the year, the U.S. Environmental countries, markets and customers. Sigma added more than $700 million Protection Agency presented its We want to leverage and focus the in projects with hard, validated bene- Presidential Green Chemistry award entire power of DuPont so customers fits for the company. This was a huge to DuPont for our innovation that experience one company, one brand, accomplishment made possible by the uses corn instead of conventional and see the full range of offerings nearly 17,000 employees who have petroleum-based processes to produce and services we can supply to them. taken Six Sigma training. We currently our latest polymer platform. For have more than 2,500 top-line growth the second year in a row, DuPont was The impact and challenge of projects. Most of our projects to named Chemical Segment Leader on rapid change is felt most strongly date have been focused on a specific the Dow Jones Sustainability Index. by DuPont employees, and I am business or function. We are now grateful for their flexibility, creativity, evolving to more enterprise-wide Late last year, we also announced and focus. With our customers, projects and more “end-to-end” proj- a definitive agreement to sell our stockholders, and our many ects that build our process capability. INVISTA™ to subsidiaries of friends around the world, we look Koch Industries, Inc. The sale forward to sustainable growth in At DuPont we speak on a daily basis represents a favorable outcome for the years ahead. about our core values: safety and these businesses, which will now be health, high ethical standards, able to realize their potential as part environmental stewardship, and of a company fully committed to respect for people. I want to emphasize them and the markets they serve. specifically our commitment to safety We also announced that we will take where we made strong and broad aggressive actions to ensure our global improvements in our performance competitiveness as a more focused, Chad Holliday last year. In particular our acquisitions science-based company following Chairman & CEO made good progress. the separation of INVISTA™. March 1, 2004 DUPONT DUPONT DUPONT ELECTRONIC & AGRICULTURE COATINGS & COLOR COMMUNICATION & NUTRITION TECHNOLOGIES TECHNOLOGIES $5.5 B $5.5 B $2.9 B President George W. Bush presents the National Medal of Technology to DUPONT DUPONT FIVE GROWTH DuPont. Chad Holliday PERFORMANCE SAFETY & P L AT F O R M S MATERIALS PROTECTION accepts. Large Opportunities $5.4 B $4.1 B Strong Capabilities Market Leadership Sales figures for 2003. |3
  6. 6. DUPONT CORPORATE HIGHLIGHTS (dollars in millions, except per share) OPERATING RESULTS 2003 2002 Net Sales $26,996 $24,006 Income before Cumulative Effect of Changes in Accounting Principles $1,002 $1,841 Net Income (Loss) $973 $(1,103) Depreciation and Amortization $1,584 $1,515 Capital Expenditures $1,784* $1,416 Research and Development Expenses $1,349 $1,264 FINANCIAL POSITION, YEAR END Total Assets $37,039 $34,621 Net Debt** $7,106 $2,689 Stockholders’ Equity $9,781 $9,063 DATA PER COMMON SHARE Income before Cumulative Effect of Changes in Accounting Principles $.99 $1.84 — Diluted Net Income (Loss) — Diluted $.96 $(1.11) Dividends $1.40 $1.40 Market Price Range $46.00-34.71 $49.80-35.02 OTHER TOTALS, YEAR END Average Shares of Common Stock Outstanding (millions) 1,000 999 Employees (thousands) 81 79 * Includes $334 of assets purchased under the company’s synthetic lease programs ** Net Debt represents borrowings and capital lease obligations less cash and cash equivalents and marketable debt securities, including $189 of net debt from assets and liabilities held for sale at December 31, 2003 This publication contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and 4| seasonality of sales of agricultural products.
  7. 7. DUPONT OUR COMPANY DuPont is a science company. Our vision is to be the world’s most dynamic Below top to bottom: DuPont Mills science company, creating sustainable solutions essential to a better, safer, in the 19th Century along the healthier life for people everywhere. Brandywine Creek. Chemist Julian Hill was on the team that We are a company with a clear set of core values that guide everything we do: discovered nylon in the 1930s. safety and health, high ethical standards, environmental stewardship, and At the DuPont Experimental respect for people. Customers and consumers everywhere know DuPont through Station today, molecular geneticist daily contact with such trusted brands as Kevlar®, Teflon®, Tyvek® and Corian® Pamela Sharpe works on a and thousands of other products that touch every aspect of modern life. bacterium that consumes methane, a greenhouse gas. Founded in 1802 as an explosives company, our original product was black powder for guns and blasting. By the end of our first century, DuPont was a leading manufacturer of high explosives and had begun to move into chemical products. In the 20th century DuPont became a global chemicals, materials and energy company and deepened its commitment to scientific research. The company marketed auto paints, moisture-proof cellophane, neoprene synthetic rubber, safety glass, movie and x-ray films, Teflon® fluoropolymers and synthetic fibers evolving from its landmark discovery of nylon. In our third century of continuous operation, DuPont is a global science company committed to achieving sustainable growth through three strategic pathways: integrated science, knowledge intensity and productivity through Six Sigma. With the anticipated separation of our traditional fibers businesses from the company in 2004, DuPont is demonstrating yet again in its history of transformations that it is prepared to go where the growth is in terms of research, markets, customers and global presence. The company’s array of products today indeed make life better, safer and healthier. Pioneer® corn varieties are resistant to herbicides and insects. DuPont™ Pyralux® and Microlux® flexible circuits go into cell phones and laptop computers. DuPont™ SentryGlas® protects and beautifies high rise buildings. Apparel of DuPont™ Tyvek® protective material helps workers perform their jobs safely and efficiently. DuPont™ SupraShield™ premium clearcoat protects automobiles from scratches, mars and other damage. With our classical strength in chemistry and engineering, and our world-class capability in biology, DuPont is the company customers come to whenever science is the solution. |5
  8. 8. DUPONT AGRICULTURE & NUTRITION Strategic Direction: Increase the quality, quantity and safety of the global food supply by leveraging DuPont strengths in biotechnology and our knowledge of the food value chain. Core Markets: Production Agriculture; Food Processing. 2003 Revenue: $5.5 B Strong Product Performance Griffin Acquisition Broadens Continues at Pioneer Crop Protection Strong product performance DuPont growth in crop protection continues to drive growth around specialty markets received a boost in the globe for DuPont subsidiary 2003 with the acquisition of Georgia- Pioneer Hi-Bred International, Inc. based Griffin Corporation’s 50 percent In the United States, farmers ownership interest in Griffin LLC, planting Pioneer® brand corn thereby making DuPont the sole owner. hybrids won 22 of 27 categories in With a product line especially strong the 2003 National Corn Growers in cotton, fruit, vegetable and profes- Association Corn Yield Contest. sional products, Griffin LLC markets To bring even more value to its in more than 80 countries around customers, in 2003 Pioneer kicked the world. The Griffin acquisition off the largest technology launch gives DuPont five additional manu- in its history with 18 new soybean facturing sites in North and South varieties and 74 new corn hybrids America. that include exciting new options to control pests and weeds. 6|
  9. 9. The global population grows by 200,000 daily. Rapacious insects and weeds confront productive farmland. Deadly pathogens target processed food. In short, the world is full of challenges to its food supply. And, every day, the people of DuPont Agriculture & Nutrition meet those challenges, working to assure that the food supply is sustainable, safe and shielded from natural threats. From the farmer’s field, with products to fight weeds and insects and seeds to boost farmers’ yields, to the processor’s plant, where technology detects dangerous bacteria, DuPont continually strives to make sure the world’s food is abundant, nutritious and healthful. BAX® System Adopted by USDA. Brazil, Mexico and China Also Approve. The DuPont Qualicon BAX® Spotlight on Science: System continued making the world’s Venture Makes The Solae Samuel Dalmacio and Philippine food supply safer, gaining approval Company a Major Player Researchers Fight Insect Damage by three of the globe’s most populous DuPont joined forces with Bunge to Corn countries, as well as the United Limited’s North American and Corn is the Philippines’ second States Department of Agriculture European ingredients operations most important food crop. But it’s a (USDA). Brazil, Mexico and China forming a venture that immediately vulnerable one, as the country also all approved the genetics-based became a major player in the food nourishes a wide variety of ravaging screening method, which detects a industry. The resulting majority- insects, including the Asiatic corn wide variety of pathogens in food, owned entity had annual revenues in borer, armyworms and common environmental and carcass samples, excess of $800 million in 2003. The cutworms. The corn borer is by far as well as E. coli bacteria in beef, Solae Company focuses on plant- the most serious, causing yield loss poultry and pork. The USDA based, specialty foods ingredients, rates of up to 80 percent. But the adopted BAX® to detect Salmonella with a particular emphasis on lecithin corn borer could soon be the one in food plants that process meat and and soy protein. 8th Continent™ losing, thanks to scientists like poultry. The automated system is soymilk, which was launched in Philippine native Samuel Dalmacio, user friendly and fits easily onto the 2002 prior to the completion of a plant pathologist with Pioneer laboratory bench top, as shown here the alliance, was joined in 2003 by Hi-Bred International, Inc. The at the SFDK food analysis laboratory V-8 Splash® Smoothies, Nestlé® Pioneer research team in the in São Paulo, Brazil. Tableted PCR SoyPlus and Snapple-A-Day™ as Philippines has made tremendous reagents, which minimize hands-on branded products whose prime progress in introducing the latest, time and provide for long shelf-life nutritional value derives from highly effective corn borer protection and consistency, help make the Solae™ soy ingredients. The Solae into Pioneer® brand hybrids specifi- BAX® system easy, quick and Company currently does business in cally adapted for the Philippines. cost-effective to use. more than 80 countries worldwide, serving more than 3,000 customers. |7
  10. 10. DUPONT COATINGS & COLOR TECHNOLOGIES Strategic Direction: Protect, decorate and add functionality to a wide variety of surfaces and substrates by developing and providing ingredients, inks, coatings and color technologies. Core Markets: Automotive; Collision Repair; Paper; Industrial Coatings; Digital Printing; Architectural Coatings; Plastics. 2003 Revenue: $5.5 B Shanghai Technical Service Center Gives Customers “One Stop” Convenience In recognition of the ever-growing importance of China as a market, New Curing Technology Powers DuPont Coatings & Color Powder Coatings into Fresh CollisionMD Streamlines Repairs Technologies opened a new techni- Applications of Damaged Vehicles cal service center in Shanghai in 2003. The 194,000-square-foot Powder coating has long provided Debuting a new consulting offering, facility houses product R&D labs durable finishes. But the need to DuPont Performance Coatings takes and manufacturing and warehousing bake powder coatings at high its years of vehicle finishing expertise facilities. There’s also space for sales temperatures meant they simply into the body repair business. and marketing and technical support weren’t practical for many products, CollisionMD uses web browser-based personnel. The result is “one-stop” such as architectural finishes, office technologies to deliver a “start to service for customers of DuPont™ furniture and bicycles. So DuPont finish” management system to handle Ti-Pure® titanium dioxide products Performance Coatings introduced a the progression of collision-damaged for coatings, plastic, paper and inks. new powder painting process with a vehicles through the repair process. Opening of the Shanghai Center low curing temperature, opening up Body shops, insurance companies and, coincided with the introduction of entire new markets. The process also ultimately, consumers will benefit a new range of Ti-Pure® slurry allows a one-step application in a from the greater efficiencies products — pre-dispersed pigments thick layer for improved efficiency, CollisionMD brings to body repair and in solution form, specially designed plus a high curing speed. claims. Shown above taking a laptop for the water-based emulsion paint “test drive” of the CollisionMD market. The new products will be experience are (left to right) Nigel manufactured at the Shanghai site. Glass, Fleet & Insurance manager, Europe/MEA, DuPont Performance Coatings Refinish Systems; and David Jones, managing director, Abbey Motors HH Limited. 8|
  11. 11. Ever-growing markets in the Asia Pacific region call out for more products, faster service. An automaker must cut production time for popular truck models to meet consumer demand. Body shops and insurance companies look for guidance in managing collision repairs and getting car owners back behind the wheel faster. DuPont Coatings & Color Technologies responds. Opening a new technical service center in Shanghai. Developing a new process that lays down two tones of truck paint in one pass through the paint booth. And creating a new consulting enterprise that brings DuPont expertise to collision repair. All while earning the Clean Air Excellence Award from the U.S. Environmental Protection Agency. HyperCure™ Clearcoat is the Clear Winner Spotlight on Science: Automotive body shops need a fast Eva Frigge Keeps Auto Finishes curing time for new finishes — Showroom New Two-tone Paint Process Wins but they know that the customer From the moment a car or truck Ford World Excellence Award demands a “like new” appearance. leaves the factory, its finish faces And body shops get both with constant assault — from the sun, Ford Motor Company has enjoyed DuPont™ HyperCure™ clearcoat flying gravel, road salt, air pollution rising demand for its two-tone F-250 finishes, the fastest-drying, baking and more. The only protection and F-350 heavy-duty pickup trucks. and air-dry clears on the market. for the vehicle’s high gloss paint is But two passes through a paint booth The production and marketing 35 to 55 micrometers of clear and oven dramatically increased effort for HyperCure™ clearcoat topcoat. At the DuPont Herberts production time at the company’s finishes was so outstanding that it Automotive Systems lab in Wuppertal, Kentucky truck plant. Then DuPont garnered the annual Pinnacle Germany, analytical chemist Eva Frigge Herberts Automotive Systems, the Award given by DuPont for mar- continually searches for ways to OEM unit of DuPont Performance keting excellence. Fittingly enough, make that topcoat tougher. Her Coatings, developed a “one-pass” the award was presented to the work led to the development of paint process. Using a special second team that developed HyperCure™ DuPont™ ProTect Clear®, offering primer, the color accent coat is by four-time NASCAR® Winston a new level of mar and etch resistance. applied over the wet prime layer while Cup Champion Jeff Gordon By teaming with colleagues in the maintaining traditional chip and (fourth from right), who really resin department, Eva specified a corrosion protection and durability understands speed and cars. new binder for the clearcoat that characteristics. In April of 2003, Ford raised hardness while retaining honored the painting breakthrough polymer elasticity. with its World Excellence Award — Recognition of Achievement. This innovation also won the prestigious Henry Ford Technology Award. |9
  12. 12. DUPONT ELECTRONIC & COMMUNICATION TECHNOLOGIES Strategic Direction: Make electronic and communication devices faster, smaller and less expensive via the strong materials and technology base of DuPont. Core Markets: Semiconductors; Printed Circuit Boards and Components; Communications; Displays and Imaging. 2003 Revenue: $2.9 B Flex Circuits Answer Call for Fodel® Products Brighten Picture Lighter, More Sophisticated for Plasma TVs Cell Phones Cyrel®FAST Digital System Increases Efficiency, In consumer electronics, plasma TVs The market demands smaller, Protects Environment have been the breakout product of lighter cell phones. But it wants the past year. Using a plasma display those phones to display graphics Thirty years ago, DuPont introduced panel (PDP) instead of a traditional and text with better resolution — the first photopolymer flexo plate, bulky picture tube, big screen images in color. This requires placement marking a giant step forward as large as 63 inches across can be of driver integrated circuits close in flexographic printing. The displayed on units less than four to the liquid crystal display (LCD) introduction of the DuPont™ inches deep. DuPont was a team to get better refresh speeds and Cyrel®FAST digital flexographic member from the start of resolution. But conventional platemaking system builds on this development and has played a adhesive-based, copper-clad laminate legacy in a dramatic fashion, using key role in bringing plasma TVs circuits are thick, not flexible, a solventless processing system. It’s to market. Today most PDPs use require an additional connection good for the environment because DuPont™ Fodel® photo-imaging and aren’t easily installed in small Cyrel®FAST eliminates chemical products to produce the high cell phone cases. DuPont flexible handling and disposal and greatly definition images across such large materials provide the solution with reduces water usage in the printing screens. As the broadcast and cable DuPont™ Pyralux® AC all process. It’s also good for customers industry increases high definition polyimide laminate, a single-sided because Cyrel®FAST delivers programming, the appreciation construction of polyimide film on reduced cycle time, shorter make- of the picture resolution made copper foil. Because it requires ready and greater press productivity. possible by DuPont will become no adhesive, Pyralux® gives a Cyrel®FAST was given a Technical even more important. 20 to 30 percent thinner circuit Innovation Award from the profile and a lighter weight. Flexographic Technical Association in 2003. 10|
  13. 13. Information flies around the world at an ever faster pace and volume, requiring ever-more sophisticated technologies to carry the load. Miles of computer network cabling lie vulnerable to fire and smoke damage that can cripple communications. The printing industry strives to lessen its dependence on chemical solvents. DuPont Electronic & Communication Technologies provides the answers. DuPont-enabled circuitry makes communications mobile, driving cell phones and laptops. Computer cabling jacketed with DuPont™ Teflon® resin prevents wiring from fueling office fires. DuPont™ Cyrel®FAST revolutionizes printing with a solventless methodology. The demands placed on technology and communication increase daily. DuPont Electronic & Communication Technologies answers those demands worldwide. Spotlight on Science: Wai Mun Lee Cleans the Chips We All Depend On Integrated circuits — IC chips — ChemFirst Acquisition Accelerates are the tiny brains essential to the per- Creation of IC Materials LCC Cabling Guards formance of everything from personal Communications Equipment... When DuPont acquired ChemFirst, computers, cameras and refrigerators, and Lives Inc. and its two semiconductor to the airbag in your automobile and fabrication businesses in late 2002, the countless other electronic Communications cabling is the nerve the company’s reach into this critical appliances and digital equipment center of the modern office. But if electronics sector immediately consumers use in daily life. To ensure fire breaks out, conventional cabling increased. The company’s businesses performance and reliability, IC fab- can become deadly, emitting a thick, that serve this market were fully ricators must completely remove the black oily smoke and serving as a integrated in 2003 and now offer microscopic residues generated during major fuel source. To make LAN an expanded portfolio of highly the manufacturing process. Research communications systems and data engineered and differentiated materials Executive Wai Mun Lee revolutionized centers safer, DuPont developed including Zyron® electronic gases, the cleaning of ICs with the limited combustible cable (LCC) for advanced integrated circuit development of EKC PlasmaSolv® jacketed with DuPont™ Teflon® manufacturing. Propelled by the cleaning technology enabling IC fluoropolymer. LCC with Teflon® desires of businesses and consumers fabricators to reliably clean their most has considerably less potential for to have smaller, faster and less advanced current and future designs. ignition, flame spread and smoke expensive computers, cell phones This technology is widely adopted as generation. Fire tests at the British and other electronics, DuPont the standard cleaning process by IC Research Establishment/Fire Research will meet the need for ever-more manufacturers to clean their chips and Station in Bedford, England, showed complex integrated circuits. keep a myriad of electronic devices that LCC produced virtually no smoke operating smoothly and dependably. and would not self-sustain a flame. |11
  14. 14. DUPONT PERFORMANCE MATERIALS Strategic Direction: Meet the world- wide demand for more productive, high performance polymer materials, systems and solutions through DuPont expertise in technology and materials science. Core Markets: Automotive; Electrical and Electronics; Packaging; Construction; Consumer Durables. 2003 Revenue: $5.4 B Zytel® HTN is at Home on the Range...and the Wheelcover... the Lighting Fixture... the Plumbing Trim... 2003 saw the introduction of new platable grades of DuPont™ Zytel® HTN high performance polyamide resins as an alternative to plated Principal Architect: Bohlin Cywinski Jackson materials in situations where other Photograph © Peter Aaron/ Esto platable plastics can’t do the job. SentryGlas® Plus Makes a For example, knobs and trim on Stunning Impression for kitchen ranges need stiffness and Apple in the Big Apple the strength to stand up to elevated HPF Polymer Suits Wilson, temperatures — characteristics of The fashionable SoHo section of Dunlop Golf Balls “To a Tee” Zytel® HTN. These characteristics New York is the setting for Apple also make Zytel® HTN a perfect Computer’s first major retail store. For a golf ball to go farther, it alternative for automotive parts, But among all the high-tech offer- has to get off the tee faster. And such as wheelcovers, that have to ings, there’s nothing more dazzling velocity is just what Wilson True resist brake heating. Other potential to the eye than the 15-foot glass Tour Elite and Wilson True Tour V applications include lighting stairway that climbs, with no visible balls deliver, thanks to DuPont HPF components, plumbing trim and means of support, to an upper level polymer. According to Wilson, it’s break-resistant window handles. glass landing and bridge. Fabricated “…the highest velocity compound Because molded plastic parts of by Depp Glass, Inc. of Long Island, ever used in a golf ball.” Dunlop plated Zytel® HTN require no the secret to the stairway’s strength brand premium golf balls now are costly finishing steps, they are more and stability is a DuPont™ also made with DuPont HPF. affordable for manufacturers than SentryGlas® Plus ionoplast interlayer. metal. And they offer both cost and The stairway treads in the Apple performance advantages over other store are each composed of two sheets premium-performance platable of SentryGlas® Plus, alternating plastics, such as electroless-plating, with three layers of glass. The on the industry’s existing plating lines result is a composite that looks without additional pre-treatment or like one solid block — and makes special chemicals. one stunning impression. 12|
  15. 15. The supply and environmental impact of fossil fuel consumption calls for new approaches to automotive engineering. Architects and engineers strive to combine safety with aesthetics. Manufacturers look for durable, heat-and-oil- resistant alternatives to metals. DuPont Performance Materials finds solutions. In 2003, DuPont provided materials and knowledge to further the entry of hybrid electric vehicles into the marketplace. DuPont™ SentryGlas® Expressions™ gave protective laminated glass a new level of design chic. And DuPont™ Zytel® HTN resins offered strength and heat resistance for everything from stove knobs to automotive wheelcovers. All with the high level of performance customers have come to expect from DuPont Performance Materials. Spotlight on Science: Driving Electric Vehicles into Donna Visioli Packages Solutions the Mainstream for Grocers, Shoppers Not long ago, the “electric car” Every grocery shopper knows manu- Operations, Business Alliances was the stuff of science fiction. facturers want to make packaging Expand in China But diminishing fossil fuel supplies eyecatching. But it’s even better when and the need to improve air quality that packaging is both pleasing to DuPont Performance Materials grew have made electric hybrid vehicles your eye and protects the products in China by nearly 30 percent in (EHV) the stuff of fact. Toyota and your health. That’s what drives 2003. Spurred by the prospect of and Honda sold 90,000 such the work of Donna Visioli, a senior continuing growth, DuPont began cars worldwide in 2003. DuPont technical programs manager with construction on an expanded Performance Materials DuPont Packaging Solutions. DuPont™ Zytel® nylon resin com- is leading the way in this Donna and the Packaging Solutions pounding unit and a production unit automotive evolution by providing team developed packages that for DuPont™ Bynel® and Appeel® the materials critical to operating a securely seal fresh meat, while resins in Shenzhen. DuPont Hongji vehicle with the 42-volt or higher allowing oxygen in, so the tempting Films Foshan Co. Ltd., a joint venture electrical power plant. DuPont red color is preserved. Because such between DuPont Teijin Films China offerings of crystalline engineering packaging cuts handling by grocers Ltd. and Foshan Plastics Group Co. thermoplastics, along with and suppliers, it may help reduce Ltd., began production on a new thick microcircuit materials, flexible the 76 million cases of foodborne film line in Foshan for the Chinese circuit materials and performance illnesses the United States has domestic market. To meet ever grow- coatings, are helping automakers annually. And another of Packaging ing commercial and consumer needs, shed weight while increasing safety. Solutions breakthroughs is sure to Engineering Polymers and Wuxi And as proof of the DuPont please “on-the-go” consumers. It’s Xingda Nylon Company announced commitment to EHVs and their the DuPont™ Cool2Go™ insulated their intent to form a joint venture benefits to the environment, the beverage label, which keeps drinks to produce and distribute filaments company will add 20 hybrid vehicles cold up to twice as long as regular for toothbrushes, and paint, cosmetic to its corporate fleet in 2004. cans and bottles. and industrial brush applications. |13
  16. 16. DUPONT SAFETY & PROTECTION Strategic Direction: Protect people, property, operations and the environment worldwide by extending the company’s know- ledge, technology and experience to deliver solutions for a safer life. Core Markets: Construction; Manufacturing; Consumers; Federal and Local Governments; Medical; First Responders. 2003 Revenue: $4.1 B Disaster Recovery Firm Gears Up to Fight Against Mold Antec Acquisition Strengthens Biosecurity Offerings For homeowners and building managers, no four-letter word creates Building on its demonstrated Corian® Shines Brightly in Milan; more fear than “mold.” In the past few expertise in protecting the global Makes a Splash in Orlando years, indoor mold contamination— environment from the threat of and its financial and physical conse- disease, DuPont strengthened its Three internationally renowned quences—has caught the attention biosecurity portfolio in 2003 designers opened up dramatic new of the media, the public and the with the acquisition of Antec possibilities in “De-Lighted by medical community. Overcoming that International. Antec products are Corian®,” a unique event at the contamination is a primary service of a used worldwide to protect the food International Furniture Fair in Milan, nationwide firm based in Fort Worth, supply from viruses such as Foot Italy, in April 2003. The translucency Texas. BMS Catastrophe (BMS CAT) and Mouth Disease (FMD). And of DuPont™ Corian® solid surfaces was formed in 1981 to restore build- in the winter of 2002-2003, Antec was showcased in a variety of ways, ings following fires and floods. By was a leader in helping the cruise from James Irvine’s ergonomic 2003, however, more than 50 percent industry overcome the illness-causing circular bar where lights changed in of the company’s business was devoted Norwalk-like virus. The acquisition unison, to Ross Lovegrove’s canyon- to mold remediation. And because is the culmination of a 15-year like installation of multi-colored of the potential harm that could be relationship, during which DuPont carved Corian®, to Marc Newson’s caused to its employees by mold expo- was the supplier of the active “forest” of lamp sculptures (shown sure, BMS CAT is devoted to using ingredient in many Antec products. above). As a whole, the exhibition protective gear made of DuPont™ During the worldwide outbreak of explored the translucency of Corian® Tyvek.® According to Charlie Cook, FMD in 2001, DuPont and Antec on a grand scale. And April 2003 BMS CAT Director of Environmental worked closely together to produce also saw the launch of Corian® Bas- Remediation, “In order to perform additional supplies of Antec’s Relief panels at the Kitchen and Bath our job safely and efficiently, we need Virkon® S and deliver them to Industry Show in Orlando, Florida. to use a durable and reliable product. more than 100 nations facing the Now consumers can personalize their We’ve found that DuPont™ Tyvek® devastation of their livestock. homes with backsplashes and vertical is more durable and lighter in weight applications featuring Corian® with than other products on the market.” unique textures and patterns. 14|
  17. 17. High velocity storms rampage through coastal regions. Emergency responders and military troops operate in dangerous environments. DuPont Safety & Protection is there, in the field. Working against the deadliest byproduct of tornadoes and hurricanes — airborne debris — DuPont Safety & Protection develops the StormRoom™, capable of deflecting a 15-pound two-by-four. Around the globe, DuPont™ Kevlar® and Nomex® brand fibers help protect police officers, firefighters and military personnel. And suits of DuPont™ Tyvek® guard skilled technicians as they labor to free homes and offices from deadly mold. In a dangerous world, DuPont Safety & Protection is devoted to shielding people and saving lives. StormRoom™ with Kevlar® Debuts as First Line of Home Defense When a tornado strikes, the biggest threat to human life isn’t the funnel cloud itself — it’s the windborne debris the cloud sucks up and throws out as it spins across the countryside. A two-by-four piece of building DuPont Safety Resources Digs timber from a damaged or destroyed Spotlight on Science: Deep to Boost Mine Safety in structure, when propelled by a South Africa tornado’s 250-mile-per-hour winds, Minshon Chiou Protects the can hit with devastating force. To Officers Who Protect Us When South Africa’s mammoth help people during these natural Protective vests are proven to Palabora copper mine began disasters, DuPont Safety & save the lives of law enforcement transforming from an open-pit to Protection developed the DuPont™ personnel. But only 55 percent an underground operation, a large StormRoom™ with Kevlar®, a strap on their vests day-in-and- number of outside contractors were residential in-home storm shelter. day-out, citing lack of comfort. brought in during construction — The key to the strength of the Minshon Chiou is out to make contractors whose devotion to safety StormRoom™ is the Kevlar® those officers more comfortable — did not equal Palabora’s own. The sheathing that is inside reinforced wall and safer. At the Spruance site in result was a gradual spike in injuries, panels. A series of tests conducted Richmond, Virginia, he develops especially among contractor personnel. by an independent laboratory new safety and protection applications So the mining company turned to showed that the storm room’s for DuPont™ Kevlar® brand fiber. DuPont Safety Resources (DSR) to engineered panels could deflect a Minshon and his team have help inculcate a new culture of safety. 12-foot, 15-pound two-by-four developed DuPont™ Kevlar® Beginning in 1999, DSR audited shot from a cannon. In new home Comfort XLT™ Technology, worker behavior, got employees construction, the storm room can which will deliver markedly better involved in striving for a reduction in easily be integrated into the overall ballistic performance enabling a injuries and helped Palabora launch a design and even fitted with plumbing vest weight reduction of at least system of safety accreditation for and electricity in addition to ventila- 25 percent. With lighter gear, outside contractors. By May 2003, tion. Installed by an authorized officers in the future should put the injury frequency rate at the mine building professional, the DuPont™ on their vests as often as they put was half of what it had been at the StormRoom™ also can be added on their badges. start of DSR’s engagement, thanks to to a new or existing garage with a the commitment of Palabora’s slab concrete floor. managers, workers and contractors. |15
  18. 18. DUPONT 2003 HIGHLIGHTS DuPont announced that it will construct a $15 million corporate A collaborative group led by research and development facility DuPont and including scientists near Shanghai to support growth in from the Massachusetts Institute of the Asia Pacific region. Globally, Technology and the University of DuPont has more than 75 R&D Illinois discovered a way to use facilities with more than 40 in the DNA to sort carbon nanotubes. United States and more than 35 in Carbon nanotubes possess 11 other nations. The Shanghai excellent electrical properties R&D center will be the third major that make them potential building research facility for DuPont outside blocks in a broad range of the United States. The others are nanotechnology-related electronic in Switzerland and Japan. The applications, including medical Shanghai center will accommodate diagnostic devices and mini- up to 200 scientists and will include DuPont and the U.S. Department transistors. When fabricated, laboratories, offices and high-ceiling of Energy’s National Renewable carbon nanotubes of different process bays for product application Energy Laboratory (NREL) electronic types randomly clump and development. announced a joint research together. The ability to sort and agreement leading toward the assemble carbon nanotubes development of the world’s first allows for uniform conductivity — integrated “bio-refinery” that uses enabling the applications to be corn or other renewable resources realized. This discovery was — rather than traditional petro- named one of the “Top 5 Nanotech chemicals — to produce fuels and Breakthroughs of 2003” by value-added chemicals. DuPont Forbes/Nanotech Report. and the NREL will develop, build and test a bio-refinery pilot process that will make fuels and chemicals from the entire corn plant — including the fibrous material in the stalks, husks, and leaves, and the starchy material in the kernels. D.S. Kim, president, DuPont East Asia, participates in a ceremonial ground- breaking for the Shanghai R&D center. 16|
  19. 19. DuPont was selected as a founding partner of the Institute for Soldier Nanotechnologies, which officially opened its 28,000-square-foot research and development facility at the Massachusetts Institute of Technology in May 2003. The insti- tute will serve as the U.S. Army’s DuPont announced that Finish center of expertise in the application Line Technologies, the maker of DuPont became a charter of nanotechnology to increase the multi-purpose aerosol lubricants, member of the Chicago Climate protection and survivability of is the first licensee in a focused Exchange, a voluntary cap-and- soldiers. DuPont participated in effort to increase consumer trade program for reducing and the initial proposal for the institute preference for science-based trading greenhouse gas emissions. and was selected as a founding products sold under the DuPont Members of the Chicago Climate industrial partner. DuPont is brand. Consumer products sold Exchange make a commitment exploring nanotechnology and under the DuPont brand extend to reduce their emissions of developing protective lightweight the promise that DuPont science greenhouse gases by 4 percent molecular materials to equip soldiers and innovation help make lives below the average of their of the future with uniforms and better, easier and safer. The joint 1998-2001 baseline by 2006. gear that help protect them, shield development of high-performance them and heal them in the field. products between DuPont and Finish Line is an example of the DuPont approach to bringing science and improved technology to consumer markets. The new DuPont lubricants offer a range of attributes including self-cleaning technology, superior corrosion resistance and maximum water repellency and lubrication efficiency. |17
  20. 20. DUPONT CORE VALUES hroughout its history, prevention programs. Occupational consistent with the American T DuPont has been guided by Hazards magazine named DuPont Chemistry Council’s Responsible a well-defined set of core one of the safest industrial companies. Care® requirements. values that have remained constant Almost half of the companies as DuPont grew from its origins named to the list were customers E N V I R O N M E N TA L as an explosives company to the of our Safety Resources business. STEWARDSHIP global science company it is today. Year-over-year environmental Safety and health, environmental While our total off-job lost day performance showed generally stewardship, high ethical standards injuries improved year-over-year, small changes in waste and and respectful treatment of people 10 employees lost their lives emissions as production rebound- remain the values of DuPont. through tragic accidents away ed. Some increased — greenhouse They are practiced everywhere the from work, mostly while driving gas emissions were up 2 percent. company does business. All our automobiles and motorcycles. Others decreased — air carcino- operations around the world are This is unacceptable and we gens were down 8 percent. held to the same standards. increased our emphasis on Compared to our 1990 base year, safe driving. Our incident global air carcinogens are down performance (major safety, health 92 percent, global air toxics are S A F E T Y A N D H E A LT H During 2003, our safety and and environmental incidents) down 75 percent, global hazardous health performance improved dropped from four in 2002 to three waste on a dry basis is down overall with a double-digit reduction in 2003. 44 percent, and global greenhouse in employee injury rates and gas emissions, on a CO2-equivalent modest improvement in contractor The efforts to strengthen the basis, are down 67 percent. This rates. We also continued to make security of our people, facilities, has been accomplished during a significant progress in reducing distribution channels and period when production grew by the incidence of soft tissue injuries information systems continued almost 30 percent. through early detection and with self-assessments and upgrades MAJOR SAFETY, HEALTH AND ENVIRONMENTAL INCIDENTS 50 45 40 35 30 25 20 15 10 5 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 A major safety, health and environmental incident is a significant fire, environmental, process or transportation incident. 18|
  21. 21. We continue to support the Our sources will include hydroelectric, development of responsible public landfill gas, biomass and possibly policy and market-based trading wind power. To encourage the systems to encourage reduction in development of cost competitive greenhouse gas emissions. In the renewable energy sources by energy United States, we donated 44,000 providers, we have participated metric tons of reductions from one of with the World Resources Institute’s our U.S.-based manufacturing sites Green Power Market Development to the Leonardo Academy’s Cleaner Group and will purchase about one and GreenerSM program to be per- percent of global energy needs as manently retired to help offset “green tags” generated from new emissions associated with several biomass facilities. conferences and meetings. We became a charter member of the In 2003, we generated 15 percent of DuPont Taiwan sponsored the Kite Chicago Climate Exchange and global revenues from non-depletable Exhibition of the Flight Festival of participated in its first auction. resources including agricultural the National Science & Technology feedstocks, technology, knowledge Our total global energy use is now sales and service. Our goal is to Museum in Kaohsiung, Taiwan — 9 percent below our 1990 base achieve 25 percent by 2010. one of the largest science museums with cumulative savings in the in the Asia Pacific region. Taiwan past 12 years of almost $2 billion. ETHICS educational leaders use kites as We have 2 percent of our global We are continually looking for energy supply based on renewables ways to strengthen our ethics core an example of melding physics, and expect to be at 5 percent by value, especially in light of society’s arts and crafts, and sports. Many 2005 and 10 percent by 2010. intensified scrutiny of corporate of the kites used at the festival governance and business practices. were made of DuPont™ Tyvek®. GLOBAL GREENHOUSE GAS EMISSIONS 250 200 150 The 2003 PriceWaterhouseCoopers/ Financial Times “World’s Most 100 Respected Companies” survey ranked DuPont 9th globally in the 50 category of “Integrity.” One CEO survey respondent cited DuPont 0 as “ethical, above board.” 1990 1996 1997 1998 1999 2000 2001 2002 Data indicate a 67% reduction of greenhouse gas emissions (Kyoto basket of gases) on a billion-pound basis since 1990, surpassing the DuPont goal to achieve a 65% reduction (Kyoto basis) by the year 2010. |19
  22. 22. Above left: To give children a taste We strengthened our commitment RESPECT FOR PEOPLE of life as a first responder, DuPont to openness and transparency and Respectful treatment of people has worked with police officers, fire- now have financial, societal and been central to the culture of environmental data reported DuPont since the founding of the fighters and emergency medical according to the Global Reporting company. This extends not only to technicians in five cities to mount Initiative. We also introduced employees, but to all people. For the DuPont Search for Tomorrow’s LegalEagleSM, a new online training example, in 2003, we adopted Heroes competition. In the program to enhance our employees’ corporate policies regarding child understanding and awareness of and forced labor. These policies are competition, the children had a legal issues and business conduct global requirements for all DuPont chance to wear child-sized concerns. operations and suppliers. versions of protective gear made from DuPont™ Kevlar® and We continue to engage and seek We ran a successful pilot in advice and counsel from leaders Mexico to identify business DuPont™ Nomex brand fibers. ® around the world. We have projects to meet important needs completed four years with our in the middle and bottom of the Above right: To support its ongoing Biotechnology Advisory Panel. economic population, and plan to commitment to education, DuPont With its assistance, we recently have extend this process to Asia and developed a set of bio-ethics prin- South America in 2004. We also provided school supplies to more ciples to guide our development agreed to fund a three-year project than 9,000 students entering the and commercialization of new with A Harvest Foundation in first grade in a Delaware public products. In addition, we have ini- Africa to help lift about 10,000 school in September 2003. Each tiated a Health Advisory Board to families out of poverty through help us shape our growth training in sustainable farming student received a backpack plans in the huge and diverse methods. containing a pencil case, pencils, health care field. Our manufacturing scissors, crayons, a glue stick, sites around the world continue composition book and an eraser. with their decade-long practice of community interaction and advisory panels, and DuPont Canada initiated a Sustainable Growth Advisory Panel this year. 20|
  23. 23. Below left: The Okefenokee DUPONT LAND LEGACY swamp in Georgia is an ecological DuPont has been a property owner since 1802, when company founder E.I. du Pont treasure of global importance bought 65 acres of land for his black powder mills on the banks of the Brandywine with world-class wetlands and River in Delaware. magnificent forestland. During the more than two centuries of continuous operations that followed, the Below right: DuPont State Forest company acquired tens of thousands of acres more on which to site its plants in North Carolina contains four and offices around the world. Through the years, significant parcels in the major waterfalls on the Little River, company’s holdings went undeveloped or remained in the company’s possession and several smaller waterfalls on after the company ceased operations on or near them. Left undisturbed, many the Grassy Creek. thousands of acres became prime natural areas and exceptional candidates for preservation. In 1994, DuPont formally instituted the DuPont Land Legacy Program to review these properties and recommend which should be protected. Since its inception, DuPont Land Legacy has permanently protected nearly 34,000 acres of land. Some of the company’s most significant land donations include the 1,000-acre Willow Grove Lake site donated in 1994 to The Nature Conservancy of New Jersey and 7,700 acres of forest near Brevard in western North Carolina donated in 1996 to The Conservation Fund and now part of DuPont State Forest. In 2003 DuPont donated nearly 16,000 acres of company-owned land adjacent to the Okefenokee National Wildlife Refuge in the state of Georgia to The Conservation Fund. DuPont acquired the land in 1991 and 1996 with the intent to mine titanium ore safely and in an environmentally sound manner from the site. In light of public concerns about the project, DuPont announced in 1997 that it would defer activities related to the proposed surface mining operation and explore options for the property. DuPont established a Collaborative Process Core Group of local community officials; local NGOs; landowners; mining, tourism and wood fiber interests; elected officials and Native Americans. The donation represented a culmination of that process and a cooperative effort among DuPont, The Conservation Fund and International Paper. |21
  24. 24. DUPONT BOARD OF DIRECTORS Charles O. Holliday, Jr. CHARLES O. HOLLIDAY, JR. Audit Committee Charles M. Vest (Chair) Chairman of the Board and Chief Executive Curtis J. Crawford Officer Deborah C. Hopkins H. Rodney Sharp, III ALAIN J. P. BELDA Chairman and Chief Executive Officer, Alcoa Inc. (producer of aluminum and alumina) Compensation Committee Lois D. Juliber (Chair) Alain J. P. Belda Lois D. Juliber RICHARD H. BROWN Alain J. P. Belda H. Rodney Sharp, III CURTIS J. CRAWFORD President and Chief Executive Officer, Corporate Governance Committee XCEO, Inc. (consulting services) Curtis J. Crawford (Chair) Edward B. du Pont LOUISA C. DUEMLING William K. Reilly EDWARD B. DU PONT Environmental Policy Committee Richard H. Brown Göran Lindahl William K. Reilly (Chair) DEBORAH C. HOPKINS Louisa C. Duemling Chief Operations and Technology Officer, Göran Lindahl Citigroup, Inc. (diversified financial Masahisa Naitoh services company) Strategic Direction Committee LOIS D. JULIBER Charles O. Holliday, Jr. (Chair) Chief Operating Officer, Colgate-Palmolive Alain J. P. Belda Company (consumer products company) Curtis J. Crawford Masahisa Naitoh Richard H. Brown Lois D. Juliber GÖRAN LINDAHL Göran Lindahl Co-Chairman, Nanomix, Inc. (a developer of products made from nanoscale materials Louise B. Lancaster and components) Director — Corporate Governance, Corporate Secretary, Secretary to MASAHISA NAITOH Corporate Governance, Environmental Chairman and Chief Executive Officer, Policy and Strategic Direction Committees Louisa C. Duemling William K. Reilly The Institute of Energy Economics, Japan Mary E. Bowler WILLIAM K. REILLY Calissa W. Brown President and Chief Executive Officer, Aqua Steve C. Cozamanis International Partners, LP (finances water Donald P. McAviney supply and wastewater treatment in Peter C. Mester developing countries); Former Administrator, Assistant Secretaries U.S. Environmental Protection Agency Edward B. du Pont H. Rodney Sharp, III Veronica A. Demurat H. RODNEY SHARP, III Assistant Secretary, Secretary to Audit and CHARLES M. VEST Compensation Committees President, Massachusetts Institute of Technology 22| Deborah C. Hopkins Charles M. Vest

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