ROME – New economic realities resulting from the global recession will permanently change the business landscape, a DuPont Vice President has told business leaders.
“Although it is difficult to predict when global economies will rebound from the current downturn, the new economic reality will force major industries to permanently change the way they operate,” Richard C. Olson, Vice President and General Manager, DuPont Titanium Technologies, said at a global conference focused on the titanium dioxide industry.
In a keynote speech at TiO2 2009, presented by Intertech Pira, Olson said that during the economic downturn, the titanium dioxide industry must operate more cautiously, keeping inventory at levels only sufficient to satisfy customer requirements, scrutinizing all capital expenditures and avoiding investment in new capacity without some certainty of a reasonable return.
Olson said DuPont is studying a variety of macroeconomic indicators and leading cyclical indices that can anticipate inflection points in the business cycle, including spending on infrastructure projects resulting from stimulus packages launched by many governments around the world.
DuPont VP Projects Changes to Ti02 Industry
May 1, 2009