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Summary of annual progress
0 I am pleased to report another year of progress by the company. This
00 performance has been achieved in the most toughest market conditions we have
34 seen for many years yet. It reflects the effort over the past five years that has
35 gone into transformingofour company into a highly competitive world-class
36 business. Since 2002, we have managed to improve almost double our profits, and this
37 increase in profitability hasbeenplaced us at the top of the global glass industry.
38 We have managed to succeed thisin difficult trading conditions for a number of
39 reasons, the most important of which has beenfromour ability to stay ahead
40 of our competitors. We have refused toallowstand still and have continued to bring
41 out a number of new products, most of which are already onthe sale in our key
42 markets. All this goes to confirmthatthe company's position as the recognised
43 industry leader in technical innovation. We realise that there is still much more to
44 be done, but we believe that we know precisely what extrathis is and we have
45 already put into place organisational and technical changes to bring this about.
