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Annual report 2003

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Sigurd ADLER,<br />

Vice President & General Manager Refining Services (Hanau)*.<br />

Francis VANBELLEN,<br />

Site Manager Precious Metals Services, Hoboken.<br />

What are/were the main challenges in integrating<br />

the refining activities at Hoboken & Hanau?<br />

Francis Vanbellen: Hoboken’s refinery is fully automated and<br />

uses innovative, cutting edge processes and recycling technologies.<br />

The Hanau refinery has been tuned to supply the “downstream”<br />

product business and for development initiatives. The result of our<br />

integration project should be evaluated within that context.<br />

Hoboken will take over most of Hanau’s refining activities, whilst<br />

Hanau will further focus on the precious metals compounds<br />

business.<br />

From a people point of view, the main challenge was to balance<br />

the business arguments with the human and cultural factors and to<br />

try to get the best of both worlds. Bearing this in mind I think that<br />

the integration team has been able to deal with these issues and<br />

focus fully on the future of the new Umicore.<br />

Were there any immediate benefits?<br />

Francis Vanbellen: Yes. They were mainly found in the treatment<br />

of by-products from Hanau in Hoboken. The Hoboken smelter<br />

masters a unique technology and as such can handle almost any<br />

kind of material. Other quick wins came from the learning process<br />

that was initiated through the integration exercise. Both refineries<br />

have developed unique world-class refining processes. Hoboken<br />

and Hanau have already applied certain of these mutual experiences<br />

in their own environment. The metals management integration<br />

probably went faster than the other elements and the benefits<br />

from this process were realized earliest.<br />

What was the role of the Hanau works council in<br />

the restructuring process?<br />

Sigurd Adler: The works council played an essential role in the<br />

restructuring at the Hanau plant. The works council represents the<br />

interests of the employees, but also had to include the interests of<br />

the company in its considerations and decisions.<br />

The project was successfully accomplished through the open,<br />

honest, and collective work that took place, especially in the more<br />

difficult phases of the process. Obviously the people affected by<br />

the restructuring were at the forefront of the discussions along<br />

with the current and future perspectives for the Hanau site in<br />

general and the refining operations in particular.<br />

An essential part of the social compensation plan, was the<br />

creation of a personnel development company. The company<br />

* Is currently in charge of Production & Technology, Automotive Catalysts.<br />

offers those affected by the plan the best possible opportunity of<br />

finding new employment in the Hanau region – a labour market<br />

that is currently very difficult. I think that we have seen an example<br />

in this case, where the works council and the management of<br />

Umicore worked together in a thoroughly professional manner to<br />

find a way through a difficult but necessary part of the integration<br />

process.<br />

In what ways has the integration affected<br />

Umicore’s market in precious metals refining<br />

and recycling?<br />

Francis Vanbellen: Our markets were quite complementary and<br />

Umicore can now offer a broader service to a broader customer<br />

base. We now offer a full service to an extended market and are<br />

able to handle almost any request in the field of precious metals<br />

recycling, refining and product development. A good example is<br />

the autocatalyst business. The new Umicore has more collection<br />

and pre-processing points, more refining capacity and masters a<br />

consolidated autocatalyst development process.<br />

Sigurd Adler: In geographic terms one of the big differences<br />

is that Umicore has now got a much better presence in regions<br />

such as Asia and South America. This adds to its previous strength<br />

in the European market.<br />

What’s next for Precious Metals Services?<br />

Francis Vanbellen: We’ll continue to pursue our strategic focus<br />

on complex precious metals recycling supported by an extended<br />

metals management service portfolio. The integration process has<br />

delivered a unique platform for product development, backed by<br />

one of the world’s best-equipped and most flexible precious metals<br />

refineries. This should bring new opportunities.<br />

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