You are on page 1of 6

$'

0&/(2' 027256 /7'


3URIHVVRU-RKQ+D\ZRRG)DUPHUSUHSDUHGWKLVFDVHVROHO\WRSURYLGHPDWHULDOIRUFODVVGLVFXVVLRQ7KHDXWKRUGRHV
QRW LQWHQG WR LOOXVWUDWH HLWKHU HIIHFWLYH RU LQHIIHFWLYH KDQGOLQJ RI D PDQDJHULDO VLWXDWLRQ 7KH DXWKRU PD\ KDYH
GLVJXLVHG FHUWDLQ QDPHV DQG RWKHU LGHQWLI\LQJ LQIRUPDWLRQ WR SURWHFW FRQILGHQWLDOLW\
,YH\ 0DQDJHPHQW 6HUYLFHV SURKLELWV DQ\ IRUP RI UHSURGXFWLRQ VWRUDJH RU WUDQVPLWWDO ZLWKRXW LWV ZULWWHQ SHUPLVVLRQ
7KLV PDWHULDO LV QRW FRYHUHG XQGHU DXWKRUL]DWLRQ IURP &DQ&RS\ RU DQ\ UHSURGXFWLRQ ULJKWV RUJDQL]DWLRQ 7R RUGHU
FRSLHV RU UHTXHVW SHUPLVVLRQ WR UHSURGXFH PDWHULDOV FRQWDFW ,YH\ 3XEOLVKLQJ ,YH\ 0DQDJHPHQW 6HUYLFHV FR
5LFKDUG ,YH\ 6FKRRO RI %XVLQHVV 7KH 8QLYHUVLW\ RI :HVWHUQ 2QWDULR /RQGRQ 2QWDULR &DQDGD 1$ . SKRQH
ID[ HPDLO FDVHV#LYH\XZRFD
&RS\ULJKW ,YH\ 0DQDJHPHQW 6HUYLFHV

9HUVLRQ $

6XH , MXVW JRW WKH IRXUWK TXDUWHU LQYHQWRU\ UHSRUWV :KHQ ZH VWDQGDUGL]HG
WKRVH HQG VKLHOGV ODVW 6HSWHPEHU \RX WROG PH LW ZRXOG FXW ERWK RXU
PDQXIDFWXULQJ FRVWV DQG RXU LQYHQWRULHV 0DQXIDFWXULQJ FRVWV DUH GRZQ DOO
ULJKW DOWKRXJK QRW DV PXFK DV , ZRXOG OLNH EXW RXU LQYHQWRU\ KDV JRQH XS
,W FRVWV XV SHU FHQW WR NHHS WKDW VWXII DURXQG IRU D \HDU \RX NQRZ 6XH
DQG WKH ZDUHKRXVH JX\V DUH UHDOO\ FUDPSHG IRU VSDFH , ZDQW \RX WR ORRN
LQWR LW DQG OHW PH NQRZ ZKDW LV JRLQJ RQ DQG ZKDW ZH VKRXOG GR DERXW LW E\
0RQGD\ , OHDYH RQ 7XHVGD\ DQG ZRQW EH EDFN XQWLO HDUO\ )HEUXDU\
6XH 5H\QROGV SODQW PDQDJHU DW WKH 0F/HRG 0RWRUV /WG IDFWRU\ LQ &KLOOLZDFN %ULWLVK
&ROXPELD SXW GRZQ WKH SKRQH DQG WKRXJKW EDFN WR WKH GHFLVLRQ LPSOHPHQWHG IRXU
PRQWKV HDUOLHU LQ 6HSWHPEHU DQG WR ZKLFK -RKQ ,QJUDP YLFH SUHVLGHQW RI 0DQXIDFWXULQJ
KDG UHIHUUHG
0&/(2' 027256
7KH 0DUNHW

,Q LWV SODQW 0F/HRG PDGH RYHU PRGHOV RI HOHFWULF PRWRUV UDQJLQJ IURP WR
KRUVHSRZHU 7KH SODQW ZDV GLYLGHG LQWR WKUHH SDUWV 2QH KDOI ZDV GHYRWHG WR
SURGXFWLRQ WKH RWKHU KDOI ZDV GLYLGHG LQWR D VPDOO RIILFH DQG D ZDUHKRXVH XVHG WR VWRUH
UDZ PDWHULDOV ZRUN LQ SURFHVV DQG ILQLVKHG JRRGV LQYHQWRULHV DQG VXSSOLHV 3URGXFWLRQ
ZDV LQ VPDOO EDWFKHV 7KH SURGXFWLRQ DUHD RI WKH SODQW ZDV ODLG RXW E\ SURFHVV WKDW LV

3DJH

WKH PDFKLQHV ZHUH JURXSHG WRJHWKHU E\ IXQFWLRQ LQWR GHSDUWPHQWV GULOOLQJ PLOOLQJ
WXUQLQJ DVVHPEO\ HWF 7KH SODQW RSHUDWHG ILYH HLJKWKRXU GD\V SHU ZHHN
7KH FRPSDQ\ KDG D QXPEHU RI FXVWRPHUV LQ WKH RULJLQDO HTXLSPHQW PDQXIDFWXUHU 2(0
PDUNHW ZKR XVHG WKH PRWRUV DV FRPSRQHQWV LQ ODUJHU SURGXFWV DQG DOVR LQ WKH
UHSODFHPHQW PDUNHW 1DWXUDOO\ 0F/HRGV SURGXFW PL[ FKDQJHG RYHU WLPH DV LWV 2(0
FXVWRPHUV SKDVHG SURGXFWV LQ DQG RXW DQG PDGH DQQXDO VXSSO\ GHFLVLRQV ,Q JHQHUDO
KRZHYHU WKH VL]H RI WKH 2(0 PDUNHW ZDV NQRZQ ZHOO LQ DGYDQFH WKURXJK WKH DQQXDO
RUGHU SURFHVV DQG ZDV IDLUO\ HDV\ WR IRUHFDVW EH\RQG WKDW ,Q FRQWUDVW WKH UHSODFHPHQW
PDUNHW ZDV OHVV VWDEOH DQG KDUGHU WR IRUHFDVW HVSHFLDOO\ IRU UHODWLYHO\ VKRUW WLPH SHULRGV
0F/HRG KDG UHFHQWO\ H[SHULHQFHG D ZHOFRPH VDOHV ERRP ZKLFK ZDV DIIHFWLQJ DOO DUHDV
RI WKH FRPSDQ\ :DUHKRXVH VSDFH ZDV VFDUFH DQG WKH PDFKLQHV ZHUH XVXDOO\ EXV\
&RQVHTXHQWO\ FRPSDQ\ SHUVRQQHO ZRXOG EH FHUWDLQ WR TXHVWLRQ DQ\ FKDQJH WKDW ZRXOG
WDNH PDFKLQHV RXW RI FLUFXODWLRQ
$V D VWDUW WR WKH ELGGLQJ SURFHVV IRU QHZ FRQWUDFWV WKH FRPSDQ\ FDOFXODWHG WKH GLUHFW
FRVWV RI LWV SURGXFWV DGGHG RYHUKHDG EDVHG RQ GLUHFW ODERXU KRXUV DW SHU FHQW DQG
DGGHG D SHU FHQW SURILW PDUJLQ 7KH UHFHQW VDOHV ERRP KDG OHG WR SURILWV ZKLFK
PDQDJHPHQW FRQVLGHUHG WR EH GHFHQW IRU D FKDQJH EXW WKH EXVLQHVV WHQGHG WR EH ERRP
RU EXVW ,Q DGGLWLRQ ODERXU QHJRWLDWLRQV WKDW PDQDJHPHQW WKRXJKW PLJKW EH GLIILFXOW
ZHUH VFKHGXOHG WR EHJLQ ZLWKLQ D IHZ PRQWKV &RQVHTXHQWO\ FRQWURO RI FRVWV ZDV
LPSRUWDQW WR WKH FRPSDQ\
7KH %1 (QG 6KLHOG

'XULQJ WKH SUHYLRXV \HDU D 0F/HRG HQJLQHHU KDG VXJJHVWHG WKDW WKH FRPSDQ\ FRXOG
UHGXFH WKH QXPEHU RI GLIIHUHQW HQG VKLHOGV VHH ([KLELW LW PDGH DQG XVHG DV PRWRU
FRPSRQHQWV IURP WR DERXW ILYH E\ PDNLQJ PLQRU PRGLILFDWLRQV 0V 5H\QROGV
GHFLGHG WR SURSRVH D WHVW ZLWK %1 D QHZ HQG VKLHOG IRU WKH VKDIW HQG RI VRPH
PRWRUV VHH ([KLELW ,W ZRXOG UHSODFH RWKHUV LQ RQH PRWRU SURGXFW OLQH DFFRXQWLQJ
IRU DERXW SHU FHQW RI 0F/HRGV VDOHV 0V 5H\QROGV H[SHFWHG WKDW WKLV PRYH ZRXOG
DOORZ ORQJHU SURGXFWLRQ UXQV ORZHU LQYHQWRULHV DQG EHWWHU VHUYLFH WR DQG E\ WKH
PDQXIDFWXUHUV ZKROHVDOHUV UHWDLOHUV DQG UHSDLU VKRSV WKDW XVHG DQG FDUULHG 0F/HRG
SURGXFWV
7KH %1 ZDV PDFKLQHG IURP DQ DOXPLQXP GLH FDVWLQJ ZKLFK FDPH FRPSOHWH ZLWK
VHYHUDO LQGHQWDWLRQV DQG KROHV LQFOXGLQJ RQH WR DFFRPPRGDWH WKH VKDIW DQG D KDUGHQHG
VWHHO ULQJ LQ WKH FHQWUH ZKLFK DFWHG DV D EHDULQJ KRXVLQJ 7KH %1V LQQHU VXUIDFH
KDG YDULRXV ULEV WR DGG VWUHQJWK SDUWLFXODUO\ DURXQG WKH KROHV DQG LQGHQWDWLRQV 0F/HRG
KDG WR WKUHDG WDS HLJKW RI WKH KROHV WZR VL]HV DQG ILQLVK WKH VXUIDFHV LQ FRQWDFW ZLWK
WKH EHDULQJV DQG WKH IUDPH VHH ([KLELW DQG WKH FRQYH[ RXWHU IDFH ZKLFK DEXWWHG RQ
PDFKLQHV XVLQJ WKH PRWRUV :KHQ ILQLVKHG WKH %1 ZDV ERZOVKDSHG
FHQWLPHWUHV LQ GLDPHWHU FHQWLPHWUHV GHHS DQG FHQWLPHWUHV WKLFN DQG ZHLJKHG

$'

3DJH

DERXW JUDPV %HFDXVH RI LWV IXQFWLRQ DOPRVW DOO RI WKH %1V ZHUH VROG DV SDUW
RI FRPSOHWH PRWRUV WR HLWKHU WKH 2(0 RU WKH UHSODFHPHQW PDUNHW (DFK %1
FDVWLQJ FRVW QHW RI UHFRYHUHG VFUDS DQG WRRN D WRWDO RI PLQXWHV RI
GLUHFW ODERXU WLPH WR SURFHVV :LWK WKH DGGHG RYHUKHDG DOORFDWLRQ RI WKH WRWDO FRVW
RI D %1 ZDV 0F/HRG VROG WKHP IRU WR UHSODFHPHQW PDUNHW FXVWRPHUV
EXW DV QRWHG DERYH XVXDOO\ VROG WKHP LQ FRPSOHWHG PRWRUV SULFHG DW
7KH 3URGXFWLRQ /LQH

$OO SURGXFWLRQ LQ WKH SODQW ZDV LQ ORWV SDUWV ZHUH FDUULHG LQ VWDQGDUG ELQV E\ IRUNOLIW
WUXFNV 7KH VWDQGDUG ELQV KHOG D PD[LPXP RI %1V 'HPDQG IRU WKH HQG
VKLHOGV UHSODFHG E\ %1 KDG WRWDOOHG XQLWV SHU ZHHN UDQJLQJ IURP WR
SHU ZHHN ZLWK DQ DYHUDJH RI %1 ZDV YHU\ VLPLODU WR WKH HQG VKLHOGV LW
UHSODFHG DQG WKHLU SURGXFWLRQ UHTXLUHG WKH VDPH EDVLF VWHSV 7KH GLIIHUHQFHV ZHUH LQ WKH
VWUXFWXUDO IHDWXUHV RI WKH FDVWLQJ SDUWLFXODUO\ KROH VL]H DQG ORFDWLRQ %HIRUH SURGXFWLRQ
RI %1 KDG EHJXQ WKH HQG VKLHOGV KDG EHHQ PDGH LQ EDWFKHV RI DERXW WZR ZHHNV
GHPDQG $OWKRXJK WKHUH KDG EHHQ VRPH YDULDWLRQ EHWZHHQ SURGXFWV WKH GLUHFW ODERXU
SURFHVVLQJ WLPH IRU WKH RULJLQDO HQG VKLHOGV KDG DOVR DYHUDJHG PLQXWHV
(DFK PDFKLQH KDG VSDFH IRU RQO\ WZR ELQV QHDU LW 2Q RQH VLGH ZDV D VXSSO\ ELQ IURP
ZKLFK WKH ZRUNHU WRRN SDUWV DV KH RU VKH ZRUNHG RQ D EDWFK RQ WKH RWKHU ZDV D UHFHLYLQJ
ELQ LQWR ZKLFK WKH ZRUNHU SODFHG FRPSOHWHG SDUWV $OWKRXJK WKH EDWFKHV FRXOG QRW EH
GLYLGHG WKDW LV RQO\ D VLQJOH PDFKLQH FRXOG ZRUN RQ D JLYHQ EDWFK DW DQ\ RQH WLPH LI
QHFHVVDU\ PRUH WKDQ RQH PDFKLQH LQ D GHSDUWPHQW FRXOG EH VFKHGXOHG IRU %1
SURGXFWLRQ VLPXOWDQHRXVO\ )RU HDFK RSHUDWLRQ WKH LQYHQWRU\ LQ D VXSSO\ ELQ VORZO\
GHFUHDVHG DQG WKDW LQ D UHFHLYLQJ ELQ VORZO\ LQFUHDVHG DV ZRUN RQ WKH EDWFK SURJUHVVHG
(DFK RI WKH SURGXFWLRQ RSHUDWLRQV PLOOLQJ GULOOLQJ HWF LQYROYHG D QXPEHU RI VPDOO
VWHSV ORFDWLQJ D SLHFH LQ WKH VXSSO\ ELQ SLFNLQJ LW XS LQVSHFWLQJ LW DOLJQLQJ LW LQ WKH
PDFKLQH DFWLYDWLQJ WKH PDFKLQH LQVSHFWLQJ WKH SDUW SXWWLQJ LW LQ WKH UHFHLYLQJ ELQ HWF
:KHQ ZRUNLQJ RQ D EDWFK D SURGXFWLRQ ZRUNHU FDUULHG RXW WKHVH VWHSV RQ HDFK SDUW LQ
WKH EDWFK $IWHU WKH ZRUNHU ILQLVKHG WKH EDWFK KH RU VKH LQIRUPHG WKH VXSHUYLVRU WKH
VXSHUYLVRU LQIRUPHG WKH SURGXFWLRQ FRQWURO GHSDUWPHQW DQG WKH SURGXFWLRQ FRQWURO
GHSDUWPHQW LVVXHG D PRYH RUGHU 6XEVHTXHQWO\ D PDWHULDOV KDQGOHU PRYHG WKH IXOO
UHFHLYLQJ ELQ WR D ZRUNLQSURFHVV VWRUDJH DUHD LQ WKH ZDUHKRXVH D PDWHULDOV KDQGOHU
EURXJKW D QHZ VXSSO\ ELQ RI SDUWV DQG WKH WZRSHUVRQ VHWXS FUHZ VHW WKH PDFKLQH XS WR
GR WKH QH[W RSHUDWLRQ $ PDWHULDOV KDQGOHU ODWHU PRYHG WKH IXOO UHFHLYLQJ ELQ WR WKH QH[W
RSHUDWLRQ LQ WKH VHTXHQFH ZKHUH LW WKHQ EHFDPH D VXSSO\ ELQ IRU WKH QH[W VWDJH
$IWHU WKLV VHULHV RI DFWLYLWLHV KDG EHHQ FRPSOHWHG SURGXFWLRQ FRXOG FRQWLQXH ,W WRRN
RQO\ DERXW PLQXWHV WR PRYH D EDWFK WR RU IURP WKH ZDUHKRXVH DQG DERXW PLQXWHV
RQ DYHUDJH WR VHWXS DQG WHVW D PDFKLQH +RZHYHU EDVHG RQ WKHLU H[SHULHQFH WKH
SURGXFWLRQ FRQWURO VWDII NQHZ WKDW RQ DYHUDJH D EDWFK VSHQW D WRWDO RI ZRUNLQJ GD\V
EHWZHHQ RSHUDWLRQV WKUHH ZRUNLQJ GD\V LQ WKH ZDUHKRXVH EHWZHHQ HDFK SDLU RI

$'

3DJH

RSHUDWLRQV DQG DQ DGGLWLRQDO ZRUNLQJ GD\ IRU HDFK RSHUDWLRQ ZDLWLQJ ZKLOH WKH PDWHULDO
KDQGOLQJ DQG VHWXS SHUVRQQHO EHFDPH DYDLODEOH DQG FRPSOHWHG WKHLU ZRUN DQG PRYLQJ
EHWZHHQ WKH ZRUN FHQWUHV DQG WKH ZDUHKRXVH
$IWHU 0F/HRGV ([HFXWLYH &RPPLWWHH DSSURYHG 0V 5H\QROGV SURSRVDO WKH HQJLQHHULQJ
DQG SURGXFWLRQ FRQWURO VWDII GUHZ XS PDQXIDFWXULQJ SODQV IRU %1 7KH FRPSDQ\
ZRXOG UHTXLUH DERXW %1V SHU ZHHN WR PHHW PRWRU DVVHPEO\ DQG
UHSODFHPHQW SDUW GHPDQG 7KLV GHPDQG ZDV WKH VDPH DV WKH WRWDO IRU WKH HQG VKLHOGV
LW UHSODFHG %1 ZRXOG UHTXLUH ILYH VHSDUDWH RSHUDWLRQV QRUPDOO\ SHUIRUPHG LQ WKH
VHTXHQFH VKRZQ LQ ([KLELW $OWKRXJK WDSSLQJ KDG WR SUHFHGH WXUQLQJ WKH WZR WDSSLQJ
RSHUDWLRQV DQGRU WKH WZR WXUQLQJ RSHUDWLRQV FRXOG EH LQWHUFKDQJHG 7KH SURGXFWLRQ
FRQWURO VWDII GHFLGHG RQ D ORW VL]H RI WR PD[LPL]H UXQ OHQJWK XVLQJ IXOO VWDQGDUG
ELQV

$'

3DJH

$'
([KLELW
6,'( 9,(: ',$*5$0 2) $1 (/(&75,& 02725

)DQ FRYHU
)DQ
(QG VKLHOG
%HDULQJV

&HQWULIXJDO VZLWFK
&DSDFLWRU SURWHFWRU
6WDWRU
:LQGLQJ

)UDPH
5RWRU
6KDIW
%DVH

3DJH

$'
([KLELW
23(5$7,216 6+((7 )25 02725 (1' 6+,(/' %1

2SHUDWLRQ

7DS KROHV FRQFDYH IDFH


7DS KROHV FRQYH[ IDFH
7XUQ FRQYH[ IDFH
7XUQ FRQFDYH IDFH
,QVSHFW DQG ILQLVK

'HSDUWPHQW

'ULOOLQJ
'ULOOLQJ
7XUQLQJ
7XUQLQJ
,QVSHFWLRQ

0DFKLQH

'ULOO SUHVV
'ULOO SUHVV
/DWKH
/DWKH
:RUN EHQFK
KDQG WRROV

3LHFHV SHU
0DFKLQH $YDLODEOH
0DFKLQH +RXU
LQ 'HSDUWPHQW

$VVXPLQJ D KRXU ZHHN DQ RXWSXW RI XQLWV SHU ZHHN UHTXLUHV XQLWV SHU KRXU RQ DYHUDJH RU MXVW
XQGHU KRXUV SHU ZRUN FHQWUH IRU HDFK EDWFK RI 0F/HRG FRXOG YDU\ WKH RXWSXW UDWH E\ DVVLJQLQJ WZR
PDFKLQHV DQGRU ZRUNHUV LQ D GHSDUWPHQW WR ZRUN RQ PRUH WKDQ RQH EDWFK DW D WLPH +RZHYHU EHFDXVH HDFK
GHSDUWPHQW DOVR ZRUNHG RQ MREV IRU RWKHU PRWRU OLQHV DQG IRU RWKHU SDUWV RI PRWRUV LQ DGGLWLRQ WR HQG VKLHOGV LW
ZDV H[WUHPHO\ XQOLNHO\ WKDW DOO RI D GHSDUWPHQWV FDSDFLW\ ZRXOG EH ZRUNLQJ RQ %1V DW DQ\ RQH WLPH

7KH QXPEHU RI LQVSHFWRUV QR PDFKLQHU\ LQYROYHG

You might also like