DuPont takes actions to achieve $900 million annualized cost improvement in 2005
DuPont has announced that it will take aggressive actions to ensure its global
competitiveness as a more focused, science-based company following the
separation of Invista. Included are productivity and organizational actions that will achieve a $900 million cost improvement in 2005. In
addition, the company will undertake actions that strengthen its ability to
achieve 6 percent annual revenue growth -- a key objective in its ongoing
transformation to become a sustainable growth company.
DuPont is taking these actions to remain competitive in an environment defined by sustained high-energy costs, increased global competitive
intensity, and a customer base that is shifting toward emerging economies, said DuPont chairman and CEO Charles O. Holliday, Jr.