As an industry leader, we actively respond to the effects of global economic changes, managing risks, and working hard to take advantage of our developmental opportunities. We are constantly striving for product and technology development and efficiency improvement. The capital provided by the Chinese shareholder and our excellent results forms the basis for expanding our production capacity and introducing new and increasingly more efficient technologies. By combining the production technologies of Wanhua and BorsodChem, we can significantly increase our cost efficiency and further support innovation through joint knowledge sharing.
To achieve our goals, we ensure the introduction of the most up-to-date technologies into our production processes. To exploit the potential of not just the European but other market opportunities too, we are constantly improving the quality of our products and developing our ability to respond flexibly to customer needs.
At the company level, we have explored supply chain and demand risks, rethinking the company’s improvement demands along the entire value chain from raw material supply through production to sales. We are implementing a capacity expansion and efficiency improvement plan to achieve a dynamic yet at the same time quality development that requires a focused and forward-looking strategy.
Our investments perfectly illustrate that during challenges of the past we have repeatedly achieved leaps and bounds in development. Technological innovation is the primary guarantee of our competitiveness, which we must also continue to strengthen in the future. We cannot focus only on the results achieved so far, but we also carry out forward-looking research and development for the long-term development of the Company.
For us, this is the key to success.