DuPont shares plans of its Advanced Materials segments
March 12, 2015 - United States Of America
At the J.P. Morgan Aviation, Transportation Conference, DuPont executive vice president, Matthew Trerotola discussed strategy, progress and plans to accelerate growth in its three Advanced Materials segments.
“Strengthening and growing the company’s leading position in high-value advanced materials is one of the three areas of strategic priority for DuPont,” Trerotola said.
Trerotola informed that they had made excellent progress in Performance Materials, Safety & Protection and Electronics & Communications.
“Our bottom line earnings and operating margins have increased, and we are committed to further improvements,” he added.
“Moving forward, we are driving to accelerate growth while expanding margins in support of the DuPont strategy to build a higher growth, higher value company,” he observed.
Trerotola highlighted the strong progress DuPont made across the company in 2014, which include, further refining its portfolio with 10 strategic portfolio actions and the advancement of the anticipated mid-year spin-off of Chemours.
Other initiatives included, increasing the company’s cost reduction targets for its operational redesign to at least $1.3 billion by 2017 on an annual run-rate basis.
Among others, he underlined their commitment to return significant capital to shareholders, with $3.7 billion returned to shareholders through share repurchases and dividends in 2014 alone.
Trerotola also noted several factors the Advanced Materials segment is confronting that will have an impact on the first quarter, but expressed confidence in long-term performance.
“2015 will be a challenging environment as we face certain headwinds related to the strengthening of the US dollar and the continued volatility in energy markets which impacts our Performance Materials segment,” he explained.
According to him, in addition, the unplanned outage at its Chambers Works facility will challenge productivity and earnings in its Safety & Protection segment in the first quarter.
“We are however, committed and confident in our ability to execute on our plans while remaining poised to capitalise on changing market conditions and growth opportunities,” he noted.
DuPont is focused on a $50 billion portion of a $500 billion potential market and it believes it can accelerate its growth in the market space it is targeting while tapping into new market opportunities.
Its strategies include; step-changing applications development; collaborating for maximum success in key markets and applications and driving an advanced materials pipeline of major innovations. (AR)
“Strengthening and growing the company’s leading position in high-value advanced materials is one of the three areas of strategic priority for DuPont,” Trerotola said.
Trerotola informed that they had made excellent progress in Performance Materials, Safety & Protection and Electronics & Communications.
“Our bottom line earnings and operating margins have increased, and we are committed to further improvements,” he added.
“Moving forward, we are driving to accelerate growth while expanding margins in support of the DuPont strategy to build a higher growth, higher value company,” he observed.
Trerotola highlighted the strong progress DuPont made across the company in 2014, which include, further refining its portfolio with 10 strategic portfolio actions and the advancement of the anticipated mid-year spin-off of Chemours.
Other initiatives included, increasing the company’s cost reduction targets for its operational redesign to at least $1.3 billion by 2017 on an annual run-rate basis.
Among others, he underlined their commitment to return significant capital to shareholders, with $3.7 billion returned to shareholders through share repurchases and dividends in 2014 alone.
Trerotola also noted several factors the Advanced Materials segment is confronting that will have an impact on the first quarter, but expressed confidence in long-term performance.
“2015 will be a challenging environment as we face certain headwinds related to the strengthening of the US dollar and the continued volatility in energy markets which impacts our Performance Materials segment,” he explained.
According to him, in addition, the unplanned outage at its Chambers Works facility will challenge productivity and earnings in its Safety & Protection segment in the first quarter.
“We are however, committed and confident in our ability to execute on our plans while remaining poised to capitalise on changing market conditions and growth opportunities,” he noted.
DuPont is focused on a $50 billion portion of a $500 billion potential market and it believes it can accelerate its growth in the market space it is targeting while tapping into new market opportunities.
Its strategies include; step-changing applications development; collaborating for maximum success in key markets and applications and driving an advanced materials pipeline of major innovations. (AR)