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.