He provided an assessment of the current business environment and discussed the DuPont commitment to achieving sustainable growth through the strategic pathways of integrated science, knowledge intensity and Six Sigma productivity gains.
Richard said DuPont is focused on business fundamentals and execution as the best way to deal with the current downturn in the economy and to prepare for an economic upturn when it occurs. He said the company's priorities include accelerating differential business management strategies; strengthening our commitments to DuPont customers; and executing cost controls and initiatives to enhance productivity.
"We think we have an enormous opportunity to separate ourselves from our competition in these difficult times," Richard said.
He noted that DuPont has continued to reduce debt and strengthen its balance sheet, despite economic challenges. "We have the strongest balance sheet in 25 years in perhaps the worst economy in 25 years," Richard said.