Page 15 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy
Financial Statements Attachments
Strategic Objectives
1. Industry Ieadership
• Share of business in Value Added Products and Downstream
• Share of business in metallic availability
3. Cost leadership
• Materials Cost
• Conversion Cost • Manpower Cost
Strategic Enablers
5. Happy and Engaged Workforce with improvement orientation
Corporate Strategies
Strategic Objectives
1. Industry leadership
Achieve scale to meet the growing steel demand in Thailand and ASEAN in selected segments and also be the most respected and preferred choice of discerning customers.
2. Higher capacity utilization
Utilization of the manufacturing capacity to turn out high value products while maximizing profit and optimization
of the resources being utilized at any given time.
3. Cost leadership
We aspire to be a regional benchmark in operational efficiency in the industry segment, ensure raw material
security and strengthen our logistics network.
4. Industry Leader in Safety Environment, CSR & Corporate Governance
We aspire to be a leader in sustainable business practices. We are committed to operating our business conforming to the highest moral and ethical standard. As a responsible organization, we are committed towards creating and providing a safe working environment for our people, carrying out environment- friendly business operations and improving the quality of life of the communities we operate in.
2. Higher capacity utilization
• Consistency of demand
• Equipment health and reliability
4. Industry Leader in Safety, Environment, CSR & Corporate Governance
7. Cutting edge processes
• Agile operation with digitally enabled • Value Chain Benefit
VISION
Best in class in ASEAN in Value Creation for stakeholders and Corporate Citizenship
6. Strong ecosystem of suppliers
Strategic Enablers
5. Happy and Engaged workforce with improvement orientation
People are key for an organization. As a significant aspect of our strategy, the Company aspires to strengthen enthusiasm, encourages to maintain good health and provides welfare to remain an employer of choice.
6. Strong ecosystem of suppliers
We leverage our in-house potential and build external ecosystems through carefully curated collaborations and partnerships.
7. Cutting edge processes
It is essential to focus on creating the right organizational culture that encourages agility and innovation. Utilize up to date suitable technology for the benefit for our stakeholders.
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