) scientists have been conferred the Heroes of Chemistry award
for developing the insect control product Rynaxypyr. The award
was given by the world's largest scientific society ??? the
American Chemical Society (ACS). The award is given to those
scientists whose innovative work in chemistry and chemical
engineering have led to the development of commercial products
that benefit humankind.
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DuPont Rynaxypyr insect control compound is the first insecticide
from a new class of chemicals, the anthranilic diamides, with
insecticidal activity which can be used to control almost all
economically important Lepidoptera and selected other species.
When used early in the pest life cycle, Rynaxypyr prevents the
build-up of pest populations, maximizing yield potential. The
product enables the farmers to protect their crop yields, thereby
helping them to obtain more value.
In developing countries, farmers increase their yields by using
Rynaxypyr. The adequate returns help support their families and
the product also has excellent environmental profile. Rynaxypyr
is registered in 94 countries on more than 400 crops, including
vegetables, pome and stone fruit, tree nuts, grapes, corn, cotton
and many others.
DuPont, a prominent player in the chemical industry along with
The Dow Chemical Company
Air Products and Chemicals, Inc.
Eastman Chemical Co.
), released its second quarter results in Jul 2013. The company
beat earnings expectations by a whisker in the quarter but missed
on sales as lower titanium dioxide (TiO2) pricing hurt its top
line. The results reflect continued strength in its agriculture
business riding on strong corn seeds and crop protection products
sales, offset by weakness across performance chemicals and
DuPont posted adjusted earnings from continuing operations of
$1.28 per share for the quarter, beating the Zacks Consensus
Estimate by a penny. The adjusted earnings exclude one-time items
including charges associated with customer claims related to the
use of an herbicide.
Net sales for the second quarter edged down 1% year over year to
$9,844 million, as higher sales volume was more than offset by
lower selling prices and unfavorable currency impact. Sales
missed the Zacks Consensus Estimate of $10,011 million.
DuPont carries a Zacks Rank #3 (Hold).