Good year for Electrical and Mechanical Services Trading Fund
The Electrical and Mechanical Services Trading Fund (EMSTF) achieved good performance with considerable new business coming in during 2005-06, due mainly to increased client activities in an economic upswing.
According to the EMSTF annual report for 2005-06 published today (October 18), the Trading Fund recorded a total revenue of $3,189 million, representing a 10.3% return on revenue.
New contracts secured during the year further underscored EMSTF's competitiveness in the market. Most of the Service Level Agreements had been renewed, some at much longer durations than before.
The Trading Fund's General Manager and Director of Electrical and Mechanical Services, Mr Lai Sze-hoi, said the key achievement of the year was its participation in the 2006 Hong Kong Management Association Quality Award and the winning of the Gold Award, fulfilling a pledge in the Government's Policy Agenda for 2005-06. EMSTF had built up a solid framework for continuous improvement, Mr Lai said.
Hong Kong successfully held the World Trade Organization Ministerial Conference in December, 2005. As project manager for all the information and communication technology systems and facilities for the conference, EMSTF served thousands of international delegates satisfactorily. EMSTF also continued its successful association with "A Symphony of Lights" in Phase II design and project management. The two projects have won the praise of the client departments and proved the EMSTF's capabilities in managing large-scale, complex events.
Another achievement was the launch of the Corporate Computer System (CCS). This new Enterprise Resource System is expected to boost EMSTF's productivity and management capabilities considerably.
As the EMSTF entered its second decade, Mr Lai pointed out that it was an opportune time to think about its future. "Winning the Gold Award in a Total Quality Management competition and launching the CCS have a significant bearing on our new decade in that the former marks the beginning of a new quality culture while the latter brings in state-of-the-art equipment and management tools," he said.
Mr Lai said the organisation must be vigilant to changes and paradigm shifts in the making, such as the proposed changes in the role of District Councils and the trend to outsource low-tech, low-value-added services to external service providers. EMSTF must be aware of the impact of these trends on its business and ability to stay competitive, harness technologies to enhance efficiency, and identify and rectify its own inadequacies.
The EMSTF's services are provided through seven business units, covering different areas of special expertise. Many of the specialised areas are vital to the safety and well being of the community. These include airport and vehicle engineering services, electronic and data communication services, health sector services, municipal sector services, project services, general engineering services, and transport, security and central services.
Ends/Wednesday, October 18, 2006