1.   An open environment is good for the industry because it promotes innovation and cost reduction, which in turn promote competitiveness.

2.   I have visited an electronics manufacturer where the notion of continual cost reduction is an important feature of operating policy.

3.   It also follows that in such an advanced mechanized world the scope for cost reduction will be limited once manufacturing has commenced.

4.   These cost reductions occurred gradually over a six-year period.

5.   The company has made heroic efforts at cost reduction.

6.   Of course our cost reductions are not being achieved at the expense of quality in our building standards.

7.   Our initiatives include cost reduction and operating efficiency programmes and changes to our portfolio of assets.