Given the current panorama of markets and the worldwide economic situation, the Group strategy focuses primarily on generating cash as follows:

• Firstly, focusing on its core businesses, moving ahead with the development and restructuring required for its major activities.
• Secondly, gaining competitive edge to boost its positions. This will be brought about by plans to cut costs and boost both ongoing and planned productivity.
• In the longer run, focusing on targeted projects selected on the criterion of value creation, especially those arising from the Group’s internal R&D.

The aim of this strategy is to improve the ERAMET group’s risk profi le in the long term and strengthen its resilience in times of crisis.