A farewell to ERI
Category: National Broadcasted on 02.Nov.2014 - 20:32hrs Author Zayth Kadrim Comments: 0
A Fountain Palace spokesman has held a brief press conference addressing the shuttering of one of Hapes' nationalized companies, the Endara Recycling Industries.
Consolidation of the recycling company had reportedly been already under consideration earlier in the year with cooperation and contracting within the Galactic Concordiate on the increase, but it is believed that the matter had been shelved until further notice on account of the solid leadership displayed by the ERI CEO Mike Garibaldi, with influential voices in the Hapes' political establishment additionally speaking in favour of maintaining the company. The press conference revealed that the decision to bring about the dissolution of ERI had become topical after the Royal League of Commerce's chairman, Prime Minister Alarendor Cyrus was informed by the CEO Garibaldi of an upcoming change of circumstances to his private life. While further specifics regarding the nature of the change in circumstances were not forthcoming, the Fountain Palace spokesman confirmed that it was the expected necessity of change in corporate governance which had prompted the renewed evaluation of the projected need for larger scale recycling operations by the Consortium, which ultimately had then resulted in the decision to close down the company and factually transfer related functions into the Ministry of Industry;
“The recycling needs of the Consortium will continue to be met through the coordination and cooperation occurring within the Galactic Concordiate, and through the capable staff and equipment the government will now maintain directly under the Ministry of Industry, in a more consolidated formâ€, the spokesman was quoted as saying. Further excerpts are included below.
“Our prime focus in all this has been to look after the staff involved in this transition. His Majesty has extended his thanks to Mike Garibaldi for his work for the group, and to all the staff for their work and efforts in and for Endara Reclaim Industries.â€
“And, even though we are only really saying goodbye to the corporate shell itself as needs and times change, it should not be forgotten that we are talking about a corporate entity that had been in existence for a decade under one name or another, and seen many notable individuals at its helm. To pay homage to that and its history prior to being a nationalized corporation of the Crown, it was seen fit to restore its maiden name, StormOne Recycling, to the company prior to it becoming officially defunct and dissolved.â€
The company, which had publicly traded stock of which over 90% of was owned by the Hapes Consortium, saw the calculated worth of a single stock plummet down to only four credits prior to the dissolution, as its assets were being transferred into Hapes. The closing of ERI sees it follow the path of Endara Arms and Endara Health, two other notable industrial support groups of the past decade that were ultimately retired.
Included below is the public history of Endara Reclaim Industries for your reading pleasure, written at the time of earlier company leadership:
StormOne Recycling was established in the fifth year of the galactic civil war, day 166. The recycling company was part of the vast Storm conglomerate owned by the innovative dark side force user Isoldor Storm. By establishing a number of companies with his vast wealth, Storm hoped to become fairly self sufficient without having to rely on other, foreign groups.
The company was based in the Roche asteroid field located in the Imperial Sumitra sector which was close to the central galactic sectors where the largest battles of the civil war would undoubtedly be fought, leaving countless wreckages. While worthless to most, wreckages that litter the galaxy would be gold for companies such as StormOne Recycling. But due to the lack of grand campaigns and large scale attacks, StormOne Recycling become nothing more than a drain for Storm's funds. A year after it was established, he sold the company to the Hapan nobleman and politician Lord Alexander Tylger.
Lord Tylger took over the company with the best interest of his home, the Hapes Consortium, in mind. He planned to use the company to clean up the space around the commerce centre of Lorell Prime and also assist the Hapan government in removing decaying cities and remote outposts that were no longer of any use. Few days after the company was purchased, it became nationalized and part of the Hapes Consortium's royal league of commerce together with prosperous businesses like the Olanji Corporation, the Akheton Mining Corporation and the Nikklon Mining Corporation. Dverol Nact, a businessman from Naboo and owner of Akheton, provided capable administrative staff to aide StormOne Recycling while they were setting up their infrastructure. Tylger gave Ellianshia Earthsong, formerly Vice President of Akheton Mining Corporation, leadership of the company while his daughter, Kimberly Tylger, became Vice President.
With the support of the Hapan monarch, King James I, StormOne Recycling used the limitless wealth of the Hapan treasure to establish a large base on the Lorellian moon of Schoibato. The desert moon was covered in concrete and countless recycling plants were built along with skyscrapers, high-rises, landing pads and warehouses. The moon became the focus of attention for the Hapan media and was helpful for the Hapan economy, providing fifty million working places and living quarters. Thirty thousand stocks were released on the galactic stock exchange and sold, providing StormOne Recycling with the money it needed to purchase Salvager ships from Olanji's vast shipyards and Recycler vehicles from the newly established Akheton Vehicle Corporation.
Since then, StormOne Recycling has been toying with the idea of renaming to a more Hapan name and setting up deals with foreign powers in need of recycling assistance. To aid with this idea of using an outside neutral power to enable S1R to reach more clients, Alex Tylger went to his daughter Tara Tylger to offer S1R to her as a gift. Tara accepted and added S1R to The Damned and Centurion Arms groups. The name change to Endara Reclaim Industries was a joint choice with Her father and her own members. After the name change, ERI was granted the current contract with the Hapan government for all recycling activities in the Cluster.
ERI is currently being led by CEO Romar Feren. Romar is a former Vice Admiral and Fleet Commanding Officer in the Royal Hapan Navy. Romar had previously served as CEO of Endara Arms, Hapes' weapons production company, but was transferred to ERI after EA was allowed to dissolve due to an overproduction of weapons and Hapes' getting a contract with another company. He brought with him most of the solid nucleus of officers from Endara Arms and used them to rebuild ERI into one of the best recycling companies in the galaxy.
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