"Efficiency improvements achieved over the past few years enabled Pilkington to generate its highest ever net cash inflow. The Group's borrowings were reduced by nearly one quarter over the year, producing the lowest level of Group borrowings recorded since 1997."
Pilkington held its Annual General Meeting on July 20 at the European Technical Centre at Lathom. During his address to shareholders, chairman Sir Nigel Rudd said: "As I reported at the time of our Annual Results in May, the continuing focus on cost reduction enabled Pilkington to report substantially maintained profits despite continuing challenging conditions in some of our largest markets.
2004-08-13T13:00:002004 Shareholders' Annual General Meeting glassonweb.com