Q2 2023 Performance Overview
Our Operating Model:
How We Execute & Accelerate Our Strategy
FEATURED PILLAR
Drive Greater Stakeholder Value
Sustainable Approach
Raise the Bar on Excellence
High-Performance
Culture
The
Albemarle
Way of
Excellence
Operati
erational Discipline
Capabilities
Competitive Capa
Deliver Outstanding Customer Experience
1 Overall Equipment Effectiveness
•
·
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Operational Discipline
Embrace LEAN principles and continuous improvement
Drive manufacturing, business and capital execution
excellence
On track to exceed $250M in productivity
benefits:
Manufacturing - target of $150M over 2 years, via:
Increased utilization, OEE¹ improvements
•
Project Al, leveraging machine learning on our
manufacturing operations globally
Procurement - target of $100M for 2023, via:
•
Strategic sourcing and supplier management to
capture deflation in raw materials and ocean freight
Targeted logistics supplier/supply management
efficiency enhancements
Optimizing corporate services, e.g. pooling spends
Capital Execution Excellence
•
Capital Projects - 4 key capital projects on time and
within budget, including Salar Yield Improvement Project
and Meishan
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