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Launch of a management integration process in JSW’s coke segment

|   Investors Relations - common

The JSW Group has launched an integration process of its coke segment. The process is a natural consequence of adjusting this segment to the Group’s structure and, at the same time, to the changing market requirements. The first step is an effective integration of the management process, uniting under one leadership two large coking plants operating within the JSW structure.

“Since the beginning of January, the position of CEO of KK Zabrze SA has been entrusted to Mr. Edward Szlęk, who is also the CEO of Koksownia Przyjaźń. The establishment of one management team responsible for these strategic companies of the JSW Group is aimed at preparing our coke segment to facing new challenges in the coming years. I’m sure that Mr. Szlęk will handle his new function and new tasks very well. He has extensive experience, because for many years he’s been heading steel and chemical companies, and for the last six years he’s been managing Koksownia Przyjaźń”, says Jarosław Zagórowski, CEO of JSW.

The most important task of the new CEO of both coking plants will be to prepare a target model of operation of the JSW Group’s coking division. Due to the complexity of this task, Mr. Szlêk will be supported by industry experts and professionals. The final model of operational strategy for the coke segment strategy will be consistent with the development strategy of the whole JSW Group.

The integration launched at the beginning of this year aims not only at simplifying the management system in the coking plants. This process also aims at optimizing the investment processes. In the current environment of significant volatility in the coke market and many unknown variables affecting the developments in the coming year, strategic management of projects and investment processes will enable their better and faster definition. As a consequence, it will be easier to effectively adjust the investment plans and production capacities of both coking plants to the current and projected market needs. An equally important argument for the launch of such integration is the cost of operation of the coke segment. Consolidation will unify the cost management reporting process in both entities and centralize certain activities related to their ongoing operation. Both coking plants operate in the same markets and sell their products to the same customers, therefore centralization of processes associated with their ongoing operation will bring positive and measurable results for the entire Group already this year.