In yesterday’s KLT meeting, working capital was one of the key agenda items. We reviewed all material categories, including finished goods inventory. While the progress achieved so far – and the downward trend since the beginning – was recognised, we also discussed that the pace of improvement has slightly slowed recently. We still need to bring our FG inventory level down to around 0,000 tons.

We strongly believe this team can achieve this. We will continue our weekly catch-ups with the Regional Heads, and with their continued participation and focus, we are confident that we can accelerate the improvement.

Thank you all for your efforts so far, and for your continued focus and support going forward.