"In 2012, Imerys achieved its growth target in net income from current operations and strengthened its financial structure. The Group was reactive to adapt to market conditions and integrated Luzenac Group a year ahead of schedule. In parallel, the first stages of the 2012-2016 plan were launched: step up of Research & Development programs, increase in growth capital expenditure, further geographic and sector diversification. Imerys is thus entering 2013 with a greater resilience to fluctuating economic conditions and a sound balance sheet. With the caution and selectiveness imposed by an increasingly uncertain economic environment, the Group will continue to implement its strategy of development, innovation and long-term value-creating acquisitions."

Gilles Michel
Chairman and Chief Executive Officer