ERJ staff report (DS)
Wilmington, Delaware -- Speaking at an analysts meeting discussing the group's fourth quarter results, Jeffrey Keefer - executive vice president and chief financial officer of the E. I. du Pont de Nemours & Co. company said the Performance elastomers business had reported strong growth in the last year.
Keefer said, "We're pleased to show another significant increase in the underperforming assets classification. Improving the metric [of return on net assets] is done business unit by business unit. Several of our target businesses adjusted their strategies and are now achieving attractive sustainable returns. As examples, from December 2005 to December 2007 the performance of elastomer's business improved 1300 basis points."
The company did not say what he RONA is of the performance elastomer business.
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Transcript of presentation. (search for "elastomer" on page 2 of the transcript)