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Bowater relentlessly pursues operating efficiencies. Our $100 million profit improvement program for 2001 will augment operating cost reductions, productivity improvements and acquisition synergies totaling approximately $270 million attained since 1995. But, we wont stop there. Our companywide initiatives continue to seize opportunities to secure the best available prices for the goods and services we purchase. New technologies are introduced to reduce costs. By forging strong relationships with our customers, we work together to eliminate unnecessary costs, and we contine to improve the quality of our products and service. And throughout the Bowater system, we focus on sharing knowledge to implement best business practices in all our operations.
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