As Jon said, our cash and cost results have been excellent. Going forward, we will generate consistent cash flows by closely managing operating expenses, capital spending and of course working capital. At the same time, we’ll offset higher operating costs. We’ll continue to increase prices where necessary to cover rising commodity costs. We’ll also implement ongoing savings projects and drive up capacity in material utilization, to drive down energy and logistics costs, and to steadily improve organizational productivity.

Questions

1 This is a manufacturing company. How would it manage working capital?
2 How will an improvement in material utilization help with the management of working capital?