SHAREHOLDER LETTER
September 8, 2009
BUSINESS PLAN "FIVE-IN-FIFTEEN"
Cheminova's new Business Plan ”Five-in-Fifteen” means that Cheminova is going
to double its global market share to 5% and improve earnings in the period
until 2015 resulting in an EBITDA matching the best among peers in the
industry. The ambitious long-term targets is to be achieved through organic
growth and acquisitions of complementary products and companies as well as
economies of scale and improved efficiency in all functions.
LEAN AT CHEMINOVA
Implementation of LEAN at Cheminova is key to fulfilment of the growth
targets in Business Plan ”Five-in-Fifteen”. Improvements of DKK 50 million have
already been achieved, and the targeted improvements of DKK 100 million at the
end of 2010 are considered obtainable.
Read more about LEAN implementation at Cheminova in the shareholder letter and
on Cheminova's websites www.cheminova.com and www.cheminova.dk.
The shareholder letter has been sent by ordinary mail to all Auriga
shareholders and is available on the Auriga websites www.auriga-industries.com
and www.auriga.dk. Enquiries concerning the shareholder letter should be
addressed to Vice President Lars-Erik Kruse Pedersen, Corporate Communication,
on tel. +45 9690 9690.
AURIGA INDUSTRIES A/S
Kurt Pedersen Kaalund
President & CEO
