Welcome to Fibrek! We have arrived at an important milestone in our development and growth. This is the turning point that will propel us into the future, stronger and even more committed to the industry as well as to the stakeholders who never wavered in their belief as we took the necessary steps towards our renewal.
These steps were crucial, tangible and proactive. They required swift action, coupled with a more long-term vision. First and foremost, we implemented cost-saving measures, converted to a corporation, completed a successful refinancing and made changes to our organizational structure to create a more agile organization. We also minutely examined the productivity at each of our locations and initiated an operational excellence program to enhance operations. Furthermore, we strengthened our leadership and heightened our sustainable development initiatives, which are crucial for future growth and social responsibility. Finally, we have set the basis of our new corporate strategy.
Going forward, we are stronger and more solid than ever. We believe that Fibrek’s combination of strategic thinking and tactical operations optimization executed by an engaged workforce will generate more value for our shareholders and enable us to answer our customers’ evolving needs today and tomorrow. The future is summoning us—and we are well prepared to answer that call.