“Maintenance capex first, then debottlenecking, then anything new.”
35Operations
Regulatory horizon
The 2027 restriction threshold is on their own roadmap slide, dated.
9Supply chain
Raw material exposure
Commitment extracted
“Roughly a third of our input cost sits with fewer than five suppliers.”
21 slides read and set aside · Agenda, disclaimers, financial appendix and segment boilerplate. Nothing in them changed a play, a signal or a commitment.