DuPont subsidiary cultivates seeds business in China

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DuPont Subsidiary Cultivates Seeds Business in China

Pioneer Hi-Bred International, Inc. (Des Moines, IA; www.pioneer.com), a subsidiary of DuPont, Inc. (Wilmington, DE; www.dupont.com), has formed a joint venture with Denghai Seed Group (Lai Zhou, China; www.xixingseeds.com) to produce enhanced corn seed for Chinese farmers. The new entity, Shandong Denghai Pioneer Seeds Co., will develop and distribute high-yielding corn hybrids for the summer corn markets, which represent about one third of China's total corn market. The first commercial products are slated for delivery by 2004.