LOOKING AHEAD ...
Everyone is now looking ahead into 2022 and beyond, after the challenging 2 years of this covid pandemic.
The hospitality industry here in Canada has dug-in and taken roots to weather this crisis. The tough days are moving fast into the horizon. Look forward to the dividends that's looming ahead. There is light shining at the end of this tunnel.
We stood with you throughout this pandemic, supporting your deferments to contracts, deliveries and shipments. And we will continue our commitment and support the Canadian Hospitality Industry in the coming days and months. We are here to stay.
Our factory in China has completed their expansion programme for 2021/2022. We have now added more manufacturing floor space and further upgraded to state of the art, manufacturing technology machineries. In the year 2021, we have achieved our production targets and are very optimistic to forecast an increase in the manufacturing and exports of hospitality furniture for 2022.
The manufacturing world is facing an increase in the cost of production. Material and labour costs have risen. You probably also realize that freight cost have risen significantly worldwide. Whilst material and shipping costs are beyond our control, we as the custom manufacturer will have some control over our labour costs. Having said that, we [ my partners and I ] will continue our competitiveness on your new upgrading projects and manufacture even higher quality furniture. Our value added suggestions can only bring further savings to your projects.
We therefore look forward to meeting you again this year.