Press Room

Ural Steel employees win in Metalloinvest’s Idea Factory competition

9 September 2020

An award ceremony was held at Ural Steel for the enterprise's employees who won in the Idea Factory corporate competition, which is held annually as part of Metalloinvest’s Business System Development Programme.

Nazim Efendiev, CEO of Management Company Metalloinvest, said: "The key benefits of the Business System are the development of corporate culture and improvements to workplace safety. This programme helps protect the health and wellbeing of our employees. Looking at the best projects from the Idea Factory, we want to emphasise their significance and express our gratitude to the competition’s active participants, who are the trailblazers of the Business System. They act as a driving force for the Company's transformation, proposing valuable ideas that are important to competently implement.”

During the official event, prizes were awarded to five winners and four nominees of the Idea Factory. The main prize, a Hyundai Creta car, was awarded to Dmitry Osipov, Director of Rolling Mill #1. The keys to the car were presented by Andrey Ugarov, First Deputy CEO, COO of Management Company Metalloinvest.

Andrey Ugarov commented: "Metalloinvest enterprises are holding this competition for the second year in a row. During this time, we achieved a significant increase in involvement from employees, in the number of submitted ideas, and in the total economic benefit, which is already in the hundreds of millions of roubles."

Additionally, Metalloinvest enterprises are implementing solutions, such as the 5S workplace organisation system, problem solving boards, production analysis rooms, operation standardisation, and increased customer focus, as part of the Business System.

Out of the 2,000 ideas approved in 2019, six were put forward for the corporate competition. The practical economic benefit from their implementation amounted to 291 mn roubles.

In the first eight months of 2020, more than 1,800 Metalloinvest employees were trained within the Business System Development Programme. Notably, Ural Steel employees submitted and received approval for 1,604 ideas with an expected benefit of 319 mn roubles.

Alexey Prosyanik, Managing Director of Ural Steel, remarked: "This year, once again, the best project was submitted by a Ural Steel employee. This speaks to the professionalism and the high level of motivation within our team. I am grateful to our innovators for their initiative. By the end of the year we plan to actively engage all of our enterprise’s workshops into the continuous process of production improvement."

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