AM/NS India drives cost efficiencies to yield financial savings

AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, announced financial savings of ₹2,900 crore for 2023, crediting its continuous improvement program. This initiative prioritizes process optimization, workplace safety, and EBITDA-driven cost enhancements, guided by a dedicated steering committee and cross-functional team.

Wim Van Gerven - Director and Vice President (Operations) at ArcelorMittal Nippon Steel India (AM/NS India), said, "Through comprehensive reviews and collaborative efforts, AM/NS India has identified opportunities to streamline operations and reduce costs. Notably, automation and mechanization have been introduced in areas previously deemed accident-prone and high-risk for employees, contributing to enhanced workplace safety measures."

To promote continuous improvement, AM/NS India encourages all employees to actively contribute to identifying areas for enhancement, spanning workplace safety, operational efficiency, productivity, asset reliability, cost reduction, and digitalization of core services.

In addition to financial gains, AM/NS India also actively initiated sustainability initiatives, achieving continual carbon reduction and energy savings.

Key components of the continuous improvement program include:

Technology and Automation: Significant investments in cutting-edge technology and automation to enhance overall productivity. Automation, particularly in accident-prone areas, has been introduced to reduce employee risks.
Infrastructure Enhancement: The expansion of port capabilities at Hazira, Gujarat, aims to optimize shipping and logistics, improving port efficiency, reducing turnaround times, and optimizing the overall logistics chain.
Digitalization of supply chain: Real-time tracking and analytics integrated into logistics operations optimize routes, reduce transit times, and provide enhanced visibility across the supply chain.
Diversified Product Mix: In response to evolving market demands, AM/NS India has prioritized a diversified product mix, introducing new products and variants. Additionally, significant emphasis on value-added goods has enhanced market competitiveness.

Referring to upcoming plans, Van Gerven underscored, "Our pursuit of excellence doesn't stop here. As we look towards the future, we remain focused on digital transformation and automation, leveraging technology to improve efficiency, transparency, and customer engagement. This ongoing commitment aims to strengthen our competitive edge with a brand promise – ‘Smarter Steels, Brighter Futures’ and ensure sustained success in the ever-evolving market landscape."