CEO Message 2004

We are again celebrating a year of uninterrupted growth for the Texpack Group.

As we face the challenge of continuing to serve our customers in the textile and paper industries, as that industry changes and evolves, and as we ourselves change to better serve all of our customers across the World, I would like to focus on what does not change: our commitment to service and quality, our leadership of the markets in which we participate, and the results: the satisfaction of our customers, our success, our growth.

Ours are extremely open markets, we count our competitors literally by the hundreds, all over the World, and we encounter new ones every day; from small companies making textile carriers for a neighboring spinning mill, through huge plants in the Far East that make these products by hand using vast quantities of labor, to large well capitalized multinational companies that make paperboard to complement their other paper industry offerings. We compete against all of them, in different places, for different product markets.

We don’t have one single strategy to compete against so many and so diverse rivals; but I would suggest that most of our strategies boil down to what can be best expressed with a single sentence: We always strive harder to satisfy our customers’ requirements.

Always. We have been doing this for more than 20 years. 20 years of market share growth.

Strive Harder. Our people develop a sense of satisfaction from pleasing our customers. This makes their jobs rewarding.

Satisfy Requirements. We offer our customers the possibility to require the best quality at the very best price in unreasonably tight delivery times. They do. We deliver.

Customers. We build relationships that become partnerships. We follow our customers around the World, we develop new products for their new processes, providing them with better efficiencies. We live for them. That’s what we do differently.

Here are the results: In 2004 our top line grew again by 8.4%; matching our 10-year compounded rate.

José Luis Artiga, CEO

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