Emirates Global Aluminium PJSC (EGA) said last week that its employee-led continuous improvement initiative has led to AED60 million (US$16.3 million) in savings for the firm for the year to date.
The program, which is know as “Tamayaz,” was launched four years ago and has yielded several important safety and efficiency improvements at the plant. Among the more important ideas to come from the program is a new, energy-efficient method for collecting airborne dust released at the plant.
EGA’s Chief Executive Officer Abdulnasser Bin Kalban elaborated upon the importance of the program in a related press release.
“Continuous improvement has for decades been a focus for EGA in developing and maintaining our global competitiveness, and we engage all our employees in this effort. Often employees who are closest to a process are in the best position to generate ideas for improvement. This is particularly important during challenging market conditions, like we are experiencing in almost every industry in 2020.”
EGA has operated some form of an employee suggestion program for almost 40 years. To date the plant’s employees have submitted half a million suggestions, with over 300 thousand of them eventually being implemented by the firm. Suggested improvements harvested from the practice has saved EGA AED416 million (US$113.3 million) over that time period.
Based in Abu Dhabi, United Arab Emirates, Emirates Global Aluminium is an aluminium conglomerate created by the merger between Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) in 2013. EGA had an estimated enterprise value of US$15 billion at the time the merger took place. The firm is owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai. Emirates Global Aluminium holds interests in bauxite/alumina and primary aluminium smelting.