ICI » Topics » Strategic Progress

This excerpt taken from the ICI 6-K filed Aug 10, 2006.

Strategic Progress

We recently reviewed the four-year strategy announced in 2003 and concluded that we remain on track to meet our existing strategic plan targets. This review also concluded that ICI has significant opportunities for further profitable growth and as such, we will:

Invest in product technology, strong brands and the Group’s good market position in Asia and other fast growing economies.

Undertake a major new restructuring programme expected to deliver £170m of additional annual cost savings by 2011 for a planned cash outlay of some £340m.

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