Synergies are not only about cost reduction. Synergies can be access to markets, exchange of products, avoiding overlaps, exchange of best practices.

The most interesting information I can have about a competitor is the cost.

India is definitely one of the markets where we can expect growth and a potential to do well.

We're going to be facing in 2006, 2007, I'd say at best stagnation. It's an industry where you have to move all the time. You have to question yourself all the time. You have to challenge the way you're doing business all the time.

You go to a plant not only to pat the people on the back, but to tell them about the opportunities they have to do a better job. Quality is one of the opportunities they have to do a better job.

The benefit would be access to public capital markets so it can take on new products and markets. The disadvantage is an additional layer of responsibility and reporting.