E. I. du Pont de Nemours and Company
(DD - Free Report
) has inaugurated the new DuPont Innovation Center in Turkey. This represents DuPont’s 11th Innovation Center and the 3rd in the Europe Middle-East and Africa (EMEA) region.
DuPont Innovation Center will focus on science-powered innovations related to the food, construction, automotive and energy industries. The Innovation Center will also provide an environment for collaboration with customers, government, academia and business partners in Turkey.
Requirements for food, energy and protection solutions is increasing with the steady growth in global population. In order to meet these requirements of the growing population, DuPont is offering innovative solutions by establishing the Innovation Centers. DuPont has already invested $2.1 billion in annual global research and development.
The aim behind this new Innovation Center in Turkey is to make use of DuPont's powerful global science capabilities and give access to both Turkish customers and partners to DuPont's 10,000 scientists and engineers around the world via interactive on-site and remote video conferencing. This collaboration can help redefine existing products, open new market segments and foster innovations.
The Innovation Center in Turkey has two dimensions. One for the innovation space that illustrates the latest company technology offerings, applications and industry trends, and the other for the collaboration space which is designed for holding meetings between company clients and global partners .
The other Innovation Centers opened recently around the globe by DuPont include the ones in Japan, Korea, Taiwan, Thailand, India, Brazil, Mexico, the U.S., Russia and Switzerland.
DuPont currently holds a short-term Zacks Rank #3 (Hold).
Other companies in the chemical industry that are worth considering include Olin Corp.
(OLN - Free Report
) , Akzo Nobel NV
and Axiall Corp
. While Olin retains a Zacks Rank #1 (Strong Buy), Akzo and Axiall hold a Zacks Rank #2 (Buy).