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Letter to the Editor

DuPont Updates Investors on Strategies for Accelerated Growth in Shareholder Value

"We are off to a good start this year," Holliday said. "While natural gas and certain raw material costs have recently come down from record high levels, we continue to expect our energy and ingredient costs for the year to be more than last year. We are taking actions to extend our pricing momentum and accelerate cost productivity."

Holliday said that both production lines at the company's DeLisle, Miss., titanium dioxide plant are now operational and are ramping up to full production capacity as planned. This plant was the last remaining facility to start up after the Gulf Coast hurricanes of 2005.

He also told investors that the company is making progress on the commitments it made in October of last year to accelerate shareholder value. Specifically, the company is shifting capital and costs away from its underperforming businesses and is on track to achieve $1 billion in cost savings over three years as it continues to bring down fixed costs as a percentage of sales.

Holliday said the company continues to increase its return on R&D innovation that is building competitive advantage for DuPont. The company's R&D pipeline is growing stronger across all of its growth platforms and, in particular, in its newest technology platform, DuPont Bio-Based Materials.

"Our employees around the globe are intensely focused on delivering results in 2006," Holliday said.

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