Let Us Start the New Chapters Together…..
Dear Colleagues and Friends:
Year 2004 is approaching toward the end and a new beginning is just around the corner. Once again, in this fast moving and dynamics environment, Zhongshan Eurotec has ride through another extraordinary and eventful year.
Over the past one-year, we had been experiencing numerous eventful challenges and significant changes in organization. Despite some of the constraints and limitations, we managed to overcome all those challenges and 2004 was indeed remarkable. Our workforce has been growing progressively and steadily from a mere 100 staffs in 2001 to its present strength of more than 2,000 employees. Our Manufacturing throughput has increased tremendously from 854,167 units in year 2003 to 1,472,047 units in 2004. Inventory has reduced substantially from 47 days to 22 days. Our Group sales turnover has once again broken its highest sales ever recorded, achieving USD 16,120,174 in November 2004!
We have been consistently achieved our manufacturing goals and objectives in Order Fulfillment, Process Yield, Productivity, Line Attrition, Inventory Control and Quality Acceptance Rate for the last couple of months. We have not only achieved the operations KPIs set for year 2004, our workforce and overall setup have been growing to be more stable, systematic and organized. Significant efforts and resources are also injected into molding and nurturing a strong corporate culture within Eurotec. Since September 2004, we have successfully organized several campaigns and activities such as 5-S, Safety & Health, Environment & Hygiene, Karaoke Competition, Basketball Tournaments, Tug-of-War game…etc. These monthly-activities and campaigns have attracted tremendous response and participation from our employees. Apparently, our staffs are delighted and enthusiastic of these initiatives and looking forward to have more. A music band group and a basketball team were also formed to create a corporate identity. It is also evident that the success of these activities instills the confidence and loyalty of our staff towards the Company. Staff turnover has dropped from its highest peak at 8.20% to the most recent 3.22%.
While we are improving our recreation and culture activities, we did not neglect our staff welfare. We have set up our Library and Medical Centre to cater to the needs of the growing staff population. We have established staff development plan for every employees, ensuring that each and every one of them have a role to play and all have equal opportunities to grow within this dynamic and growing organization. On-job training and various seminars such as personal safety, 5S, and fire fighting were held regularly as part of the staff personal development programs. Overall, we have enhanced the quality of our staff in almost every aspect. All the above achievements driving home one very importance message, and that is, we, in Eurotec have accomplished and together, we ride through a very fruitful year in 2004. We wouldn’t achieve these without the support and involvement from our employees. Therefore, I would like to take this opportunity to thank you and your family for your unreserved support and contributions.
Though we are pleased with ourselves of our excellent performance in the past year, we must not lose sight of what we must do in this coming year. Year 2005 is going to be a promising and exciting year for all of us. While we might be hopeful and excited over the promising future, we need to remind ourselves constantly of the new challenges ahead of us. Every employee will be given greater resources, chances and fair opportunities to develop and grow with the company. The stiff market competition is expected to be fiercer than ever with the increased price in raw materials, labor and logistics costs. To stay competitive and survive in this market place, we must keep our operating cost low with higher productivity and efficiency.
Looking back in 2004, we are proud of what we have achieved, looking forward to 2005, we are full of confidence and eager to face the new challenges. Let us work together once again as an incredible team to start a new chapter as a proud owner of Eurotec.
Lastly, on behalf of the management, may I wish you and your family a blessed new year in 2005.
Thank you.
