Developing a leading presence in more countries and regions is one of the key goals of our Vision. No region exemplifies this initiative more than Africa, where strong economic growth is expected in coming years. In 2012, we solidified our presence in Africa by making a capital investment in CFAO S.A., a French trading company with a robust automotive and pharmaceuticals business in northern and western Africa. This investment complements our own 90-year history on the continent.
We plan to broaden our business and accelerate our growth in Africa around the automotive business.