RHI Magnesita N.V. (LSE:RHIM) is looking for acquisitions. During the company?s analyst call to discuss the acquisition of Resco Products, Stefan Borgas, Chief Executive Officer said that ?So, if I may respectfully disagree. In India, our growth has not been at the cost of bottom line.

Just if you take fourth quarter numbers and there are many onetime effects included in the India number, but this is not long-term trend. So the acquisitions in India are value creating, and there will continue to be -- there's still opportunity here. Otherwise, of course, in Asia, in Middle East as well as in Southeast Asia, we still have wide gaps and we will continue to grow there also with acquisitions, not just with acquisitions but also with acquisitions?.