Agreed. The downstream business is where the money is made. It's about creating products for the end consumer which is what they plan on doing. If there is so much of the commodity around then it's cheaper to buy it then pull it out of the ground yourself.
Buy it, make it in to products and sell it. If anything the low commodity price which is an input cost to the downstream business might help improve margins.
Ann: Hexagon Builds Focus on Downstream Strategy, page-12
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