By the end of the second quarter of 2006, a total of €159m had been achieved, putting the company ahead of schedule.
The company’s Profit 2007 programme was launched in April 2005 with the aim of securing better financial performance and long-term competitiveness in Europe.
It hopes to achieve its target by reducing production costs, reducing support and administration costs and improving its sales and product mix.
The company is also divesting itself of or closing several mills in countries around the world.
