Good morning everybody.
(Pause)
Our company was established 20 years ago and the business has been growing fast in the past few years. So we decided to expand our production lines into women's outdoor leisure clothes. Firstly I would like to present you with the introduction of the 3 options for the plant site. Then I will also recommend one of the choices and I will explain why, after a long consideration, I chose that. I¡¦d like to start with the 3 options for the plant sites. The first one I will introduce is buying Orange Jeans Company, which is located in Vietnam. As we can see in the list, they already got the machine and 40 skilled workers but what they are skilled at is just for making Jeans. We are still not sure if they are good at making Women's cloths. But we have to employ at least 80% of the existing workers, which can be turn out to that we have to re-train them again. Despite of this, we only need 10 months to get the plant ready.
The second choice is expand the existing plant in China. 6 years ago, we was experienced some difficulties about the attitude of the officials. But till now everything is working fine. And we only need to buy new machines and employ more workers. Moreover, the construction work only takes 8 months to complete.
Our third choice is to build a new modern and hi-tech plant in Korea. In Korea there are many people lost their job after the Asia economic storm, we can easily hire workers from there. But as everything is new there and we have to build from scratch, extensive training programme is required for unskilled workers and it requires 18 months to complete the construction work.
Now let's take a look at this figure. We compare them using government support, transportation system, labou ...