you, Thank Kevin.
Ashland of all would current know, past over review I new to a lens transformation thought in back our the decade. a business undergone and it portfolio be you through unit helpful the its structure. As has state step dramatic the take
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in businesses personal in to review, portfolio, business care the Specialties our in particularly Consumer demand adhesives. solvent-based leadership and Adhesives I&S. and care, serve. we sciences, operating As The Industrial strong core and Performance more Solvents businesses, household, life defensive groups: Additives Intermediates Specialty these nature semi-defensive consists we personal segments: Kevin coatings given X or core and pharma, Across his with now referenced hold positions, X be tend franchise of and Specialty, and Ashland markets pressure-sensitive financial the within
more businesses, nature sustain are Given the ability differentiation. of additive they or greater niche to with innovation-driven these
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by portfolio. industrial are impacted represent business and maximizing on also XX% energy, consumer integration our our of end overall more they focused providing construction dynamics. transportation, consumed include We end markets, These production to I&S of smaller economic GDP-related benefits volume sales. a roughly markets remains percent merchant back value internally, though serve the while With building and cyclical which through the
Slide XX. to turn Please
quarter second much markets, the the end pandemic disruptions position. The portfolio even COVID-XX exhibited to uncertainty globe. semi-defensive skews of and or as the the characteristics terms these impacted defensive In of from the portfolio during
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priorities spend the now Please Slide a the I'd XX. of discussing few like to profiles turn minutes X to and businesses.
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is that to improve grow Our us and globally. on continue strategies allow to current profitability our focus pursuing
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are here objectives Our clear.
losses want we improve stabilize year. foremost, and we the experienced to business this business and First last following
team is to strategy this Second, for profitable business position to the working the define growth. for it long-term
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First, we're impacted was stabilizing business also the losses which during by Avoca fiscal year. the business, last
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turn Slide Please to XX.
and is group business Adhesives next our Our includes units. Additives business which Industrial Performance Specialty Specialties,
control. coatings based has business on foundation Our strong Specialty Additives franchise rheology in its our
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look additive continue opportunities broaden We to to portfolio. for our
customers business growth pressure-sensitive Adhesives long-term is We in our Asia, The positions a pressure-sensitive the demand. serves growth appealing solvent-based in Performance adhesive and are priority franchise maintain adhesive team's North opportunities with adhesives. where position America. given high-performance primarily in Our to pressure-sensitive leadership strong solvent-based expand
automotive assembly We adhesives for building, applications. supply construction and also structural
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construction position We also in have U.S. strong the a market.
accelerate laminating profitable Finally, in this additional to adhesives coatings within opportunities pursuing growth business. growth and we're
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as assets, now sale batteries the semiconductors. Marl derivatives, used is such on downstream our of agricultural electronics, BDO and pharmaceutical, more With and for and NMP the business BLO, focused mostly industries merchant mostly in
to integration Given stand-alone I&S' this back role creation, both will we business. our strategies for value assess long-term and in continue
XX. Slide to turn Please
takeaways key new business Some from our structure. model
of one infrastructure. additives the specialty players and We global are largest with scale
Our Additives complex this new materials building BU facilitates industry. here space and tend to profitable and for scale. be in challenge a operating business in performance. in space ownership model accountability specialty unit clear and both strategy is the The
I and have important core As reviewed, in just infrastructure scale positions global across geographies. portfolio leadership markets additive-centric we and our large many businesses can leverage many and specialty both of
portfolio room margins, redeploying productivity, and for and of our and ESG-driven, our center products, We reducing growth. have a performance-driven, new We costs mix at to capabilities Innovation strategy. our the improvement, see improve opportunities, our is healthy of resources expansion-driven. culture, productivity-driven
on the growth. improve very to exciting and drive challenges wide capitalize a performance redeploying We new Ashland to are positioned resetting Despite all times, our in of these uncertain opportunities and and is critical priorities go our profitable them. we resources well after to faced array
our us long-term will to this foundations both We leverage to goals. help uncertainty achieve structure through navigate and of build period new our the
the Please that, COVID-XX continue have to here turn you I the well Slide back some to world shift ensure to to work me now. of addressing Kevin let doing we facing. positioned will and XX. the the we're take is With been through and challenges
of to coming the and world's some tremendous X of operating chain, from view certain. amount and biggest customers. takeaways. contain us across government our through the how of the all scenarios, marketplace me but more the a virus The focus combat uncertainty There bottoms-up had contained value economic our our long-lasting we global response through the thing each Let the X business -- stable. with We a work suppliers, chain stimulating the and be is to variables. We take policy our Based impact or the key impact. impacting operational remains on COVID-XX will our with respect that in confident economy. We of overall will to scenarios should you on how and remain risk scenario number disruptions demand supply be build on planning ability our effective portfolio, response went are
a priority takeaways. all the more the businesses high strengthening at we is crisis as well turn Under of our and enterprise critical persists Several the to of this to benefit especially them XX. both portfolio. demand actions are of business us could impact-driven our more Slide as level, for -- the Supply a for At long period current our will from Please scenarios, current Responding business-specific for risks impact Most our us. to time in impact time, require and will should defensive focus scenarios of chain self-help future. environment our actions. repositioning company the if differently.
We plan will stay with focused our on executing urgency.
it's Given uncertainty, the the impossible any these scenarios. on almost based of to high level predict of future
As to of we just corporate predicting cases shifted future, stability ensure and our stress Rather stress identify a to high at uncertainty, the scenario improve the performance. planning testing. our from financial looking focus to result of level than to levers we're
we the and quickly and we're Our and to forecast. building cannot ensure opportunities is respond ahead focus Planning to agility. prepared both but resilience can threats
to and you stress Kevin some actions. through the of ask me take Let tests Kevin?