Low Cost Integrated Producer

1993-1999

• $2.4 B Structural Cost Reduction

• 10% per year Productivity Improvement

• Strict Capital Discipline

1999-2003

• Leveraged Functions

• Global Work Processes

• Feedstock Flexibility

• Vertical & Horizontal Integration

• Six Sigma - $1.5 B Improvement in EBIT

Cost advantage throughout the value chain

Ethylene & derivatives

Styrene & derivatives

Chlor-alkali & derivatives

Strategy: Productivity

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