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%.

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