(Energy Analytics Institute, Aaron Simonsky, 23.May.2019) — Sociedad Química y Minera de Chile S.A. (SQM) announced that is business strategy is to be a global company, with people committed to excellence, dedicated to the extraction of minerals and selectively integrated in the production and sale of products for the industries essential for human development (e.g. food, health, technology), the company announced 23 May in an official statement.
The company’s strategy was built on the following five principles:
— ensure availability of key resources required to support current goals and medium and long-term growth of the business;
— consolidate a culture of lean operations (M1 excellence) through the entire organization, including operations, sales and support areas;
— significantly increase nitrate sales in all its applications and ensure consistency with iodine commercial strategy;
— maximize the margins of each business line through appropriate pricing strategy;
— successfully develop and implement all lithium expansion projects of the Company, acquire more lithium and potassium assets to generate a competitive portfolio.
These principles are based on the following key concepts:
— strengthen the organizational structure to support the development of the Company’s strategic plan, focusing on the development of critical capabilities and the application of the corporate values of Excellence, Integrity and Safety;
— develop a robust risk control and mitigation process to actively manage business risk;
— improve our stakeholder management to establish links with the community and communicate to Chile and worldwide our contribution to industries essential for human development.
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