Emirates Steel Arkan achieves financial savings of 220 million dirhams during 2021
The Emirates Steel Arkan Group announced achieving financial gains of 220 million dirhams during the year 2021, in line with the group's strategy aimed at promoting innovation values at the core of its business and activities, while finding the best solutions that enhance its ability to keep pace with future needs.
And it stated in a statement that it adopts an institutional culture based on knowledge and innovation, pointing out that innovative employee solutions and ideas through the "Namaa" institutional transformation program contributed to achieving savings of 220 million dirhams after implementing a series of improvements and developments across production mechanisms and processes.
In February 2020, Emirates Steel also became the first steel manufacturer in the world and the UAE to obtain a certificate (ISO 56002: 2019) in innovation management, in honor of the company's efforts and endeavors to adopt the latest technological solutions, and its commitment to international best practices in this regard.
Over the past years, Emirates Steel obtained three patents from the United States Patent and Trademark Office, the latest of which was in cooperation with Khalifa University of Science and Technology.
The CEO of Arkan Group and CEO of Emirates Steel, Eng. Saeed Ghamran Al Rumaithi, said that Emirates Steel devotes a scientific committee and a team specialized in innovation to support its efforts to accelerate its endeavors towards integrating a culture of research and development across all business units. , while continuing to cooperate with external institutions to achieve more achievements and practical successes.
He added, "Our plans towards digital transformation are in line with the aspirations of the Fourth Industrial Revolution, aiming to find innovative technological solutions in the fields of artificial intelligence, virtual and augmented reality, and thus improve the efficiency of our operations through all our activities, and then achieve financial gains."
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