Strengthening Foundations,
Driving Sustainable Growth

In the last five years, we have strengthened our position in the automotive and industrial sectors by leveraging on our experience and expertise to deliver high-quality products and services to our customers. We have also diversified our portfolio, entering new markets and introducing new offerings with promising opportunities for growth, while remaining focused on our two core businesses of Motors and Industrial. Despite the uncertainties and challenges experienced in the last several years, we have consistently achieved strong financial and operational results, demonstrating our resilience and agility. Our theme for this year’s annual report, Strengthening Foundations, Driving Sustainable Growth, describes how we have built a solid foundation for future success in our two core businesses, while pursuing new avenues for value creation and competitive advantage.