The hottest DuPont aims to reduce the cost by 1bil

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DuPont's target for this year is to reduce the cost by $1billion

DuPont's target for this year is to reduce the cost by $1billion

January 30, 2015

[China paint information] DuPont announced its 2014 fourth quarter results on January 27, and is expected to achieve the annual cost saving goal of $1billion by the end of 2015

the financial report shows that in the fourth quarter of 2014, DuPont's earnings per share was $0.71. In 2013, with the static stiffness test, some customers even removed their hearts and talked with us about the installation and commissioning of home-made machines. The last link in the user's purchase of equipment is also an important one, with a period of $0.59. In 2014, DuPont earned $4.01 per share, compared with $3.88 in 2013. In accordance with GAAP, earnings per share from continuing operations was $3.90, compared with $3.04 in 2013. DuPont said that this was due to a series of measures taken by the company, including the implementation of strategic portfolio plan, continuous improvement of production efficiency by redesigning the operation structure by 2020, reduction of performance-based compensation expenses and share repurchases

DuPont director "we are very happy to see the growth of business in the telecommunications industry. Ellen Kullman, the president and CEO, said: "The rapid progress made in the redesign of the operation structure makes it possible for us to achieve the goal of cost reduction of $1billion by the end of 2015, which is much ahead of the plan; at the same time, we have also identified opportunities to further optimize operations and reduce costs, and we are expected to obtain at least $300million in additional cost reduction."

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