Turnaround Return to the profit zone

at one plant location and part of a global manufacturing network

Information on the project

Company:
Plant location and part of a global manufacturing network

Sector:
Energy

Task

The plant was part of a division’s master plan to increase the quality of results. Despite a good order situation, the business contribution was not achieved. The aim was to turn the plant around and return it to profitability.

Result:

  • Complete turnaround within 2 years with significant increase in earnings and return to profitability
  • Result was achieved through a “Sense of Urgency” without restructuring

Individual steps were:

  • Costout program with intensive tracking
  • Process streamlining
  • Introduction of KPI to measure productive hours
  • NCC reduction primarily in engineering
  • Culture in dealing with employees

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