Maintaining Strategy to Deliver Volumetric Growth
Our Operating Model:
How We Execute & Accelerate Our Strategy
Drive Greater Stakeholder Value
ainable Approach
Raise the Bar on Excellence
High-Performance
Culture
The
Albemarle
Way of
Excellence
perational Discipline
Capabilities
Competitive
Deliver Outstanding Customer Experience
1 Overall Equipment Effectiveness
FEATURED PILLAR
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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