DuPont Co. , the third-biggest U.S. chemical maker, said it expects annual revenue from India to increase more than 40 percent to about $1 billion by 2012, aided by agriculture, infrastructure and automotive products.
Eli Lilly & Co. Chief Executive Officer John Lechleiter said during a panel discussion in Washington that U.S. lawmakers should renew the research-and- development tax credit to make it easier for companies to compete globally. The Oct. 5 event, sponsored by Harvard University and the Business Roundtable and hosted by Bloomberg News in Washington, centered on ways to spur innovation.
DuPont Co., the biggest U.S. chemical maker by market value, posted third-quarter profit that beat analysts’ estimates on higher sales volumes at units that make materials for solar panels and bullet-resistant vests.
DuPont Co., the second-largest U.S. chemical maker, said 2012 profit will be at the lower end of a previously forecast range because of uncertainties created by weaker global economies and foreign currencies.