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New Incitec CEO sticks with strategy, cost cut focus

Tue Jul 28, 2009 8:52pm EDT

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MELBOURNE, July 29 (Reuters) - Australian fertiliser and explosives group Incitec Pivot Ltd's (IPL.AX) new chief said he would stick with the company's strategy, focusing on cutting costs and improving plant reliability in its Dyno Nobel explosives arm.

"We'll just continue to run the business as we've been running it," James Fazzino told reporters at a media briefing following his appointment on Wednesday.

He said fertiliser prices, which slid sharply over the past year as demand shrank 20-30 percent, appeared to have bottomed. (Reporting by Sonali Paul; Editing by James Thornhill)



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