Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide.

Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide.

We do not believe in oversupplying the market. When you are a large company, you can afford to do it. When you are a small player, your flexibility gets reduced.

When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar principles of perseverance and hard work.

We have no intention of shutting down plants. We have always said there will be no redundancies or lay-offs as a result of this merger.

Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve.

There will be no job cuts arising out of this merger in Europe - this is in the interest of jobs in Europe.