Message from our CEO
Our ability to achieve value for our shareholders is driven by our focused strategy and rigorous attention to operational efficiency.
We remain undeterred in our aspiration to be the best performing paper and packaging group in the world and firmly believe that our strategy will ensure we realise this ambition. Indeed, in today’s challenging economic times we believe the benefits of our approach will be even more pronounced. Key elements of our strategy are:
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- Building on market leadership – it is more important than ever that we continue to strengthen our leading positions in packaging and Uncoated Fine Paper, particularly in emerging markets. These markets continue to offer above-average long-term growth potential
- Remaining a low-cost producer – we are committed to delivering superior returns, above the average of our competitors. The value of having much of our production in some of the world’s lowest-cost regions is a significant benefit when volumes and selling prices are under pressure
- Sharpening focus on performance - continuous productivity improvement and cost reduction are institutionalised disciplines at Mondi, delivered through a range of business excellence programmes and rigorous asset management
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We retain our aspiration for growth in the longer term, provided the opportunities match our rigorous low-cost criteria.
Mondi’s strong financial position, low-cost, high quality asset base and quick and decisive response to rapidly changing economic events leaves us well positioned to benefit when market conditions improve.
David Hathorn
Chief executive officer, Mondi
Last change: 26/03/2009