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AM/NS India drives cost efficiencies to yield financial savings

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AM/NS India drives cost efficiencies to yield financial savings

ArcelorMittal and Nippon Steel’s joint venture, AM/NS India, reported ₹2,900 crore in financial savings for 2023, attributing the savings to its ongoing programme of improvement. Under the direction of a committed steering committee and cross-functional team, this effort places a high priority on process optimisation, workplace safety, and EBITDA-driven cost enhancements.

ArcelorMittal Nippon Steel India (AM/NS India) Director and Vice President (processes), Wim Van Gerven, stated: “AM/NS India has identified opportunities to streamline operations and reduce costs through thorough reviews and collaborative efforts.” Significantly, mechanisation and automation have been used in sectors that were previously thought to be high-risk for employee accidents and accidents, which has improved workplace safety measures.”

AM/NS India aggressively encourages all staff members to identify areas for development, including workplace safety, operational efficiency, productivity, asset reliability, cost reduction, and digitalization of essential services, in order to foster continuous improvement.

Apart from the financial benefits, AM/NS India also took the lead in launching sustainability projects that resulted in ongoing energy and carbon reductions.

Important elements of the programme for continual development consist of:

Automation and Technology: To increase total productivity, significant investments should be made in state-of-the-art automation and technology. Automation has been implemented to lower worker dangers, especially in locations that are prone to accidents.

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Infrastructure Improvement: By increasing port capacity at Hazira, Gujarat, the logistics chain as a whole will be optimised, shipping will be more efficient, turnaround times will be shortened, and overall logistics performance will be maximised.

Digitalization of the supply chain: Logistics operations that incorporate real-time tracking and analytics can optimise routes, cut down on travel times, and improve supply chain visibility.

Diversified Product Mix: AM/NS India has prioritised a diversified product mix by launching new goods and variants in response to changing market demands. Furthermore, a strong focus on items with added value has improved market competitiveness.

Van Gerven emphasised, “Our pursuit of excellence doesn’t stop here,” in reference to future ambitions. Our future-focused efforts continue to centre on digital transformation and automation, utilising technology to enhance productivity, openness, and customer interaction. With the slogan “Smarter Steels, Brighter Futures,” our continuous dedication seeks to bolster our competitive edge and guarantee long-term success in the dynamic market environment.”

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