MOST are stepping toward a grander future through new technology. The experts at MOST have experience in building around 30 on-offshore projects to provide highly efficient and environmentally friendly products to customers around the globe. We have also contributed to the development of on-offshore project by novel production processes and continuous R&D. MOST is leaping forward as an independent company based on our successful experiences. Since founded in 2016, MOST has strived for innovation to improve the cost structure, technology and enhance productivity.
We are reorganizing and improving various processes within the company, strengthening service quality in accordance with the business strategy, and maintaining stable labor-management relations. Through these activities, we will provide qualified products to the customers, satisfy our duties as a member of the economy and the society, and obtain trust from the market, shareholders, employees and subcontractors. Also, we will be at the forefront of positive changes, and create a corporate culture of warm communication among the members of the company. We will be an on-offshore plant company with world-class productivity and cost competitiveness. Our new strategy is to concentrate on the logistics, construction management, engineering management, in which we possesses international competitiveness. This represents a departure from prior growth oriented strategies that focused on only construction and commissioning.
To secure maximum production efficiency, we will instead take a more concentrated approach through this strategy and so we will emerge as a company with the best cost competitiveness in the industry. We will also actively seek to improve market share in niche markets such as oil & gas plant, in which we possess the competitive advantage in terms of the technology. Our first policy is the safety. With the highest regard for human, MOST will focus on creating a safe system that ensures the life and happiness of employees and our clients.
I encourage you to come along with MOST as we embark on journey to realize our unlimited potential with the on-offshore as our stage.