cost reduction projects

Streamlining overhead from 180 FTE down to 120 FTE while
absorbing an equivalent of +27 FTE of overhead functions from
corporate.

 

Reduction of manufacturing and process scrap through training,
visualization of KPIs and daily shop floor routines stimulating
and monitoring local CIP projects.
Scrap/error/rework reduced by 1 Mio. €.

Regional cost improvement program (CIP) across a business with 4 plants to boost financial performance and support exit of Private Equity held division to an industrial buyer. Detailed tracking of improvements per individual CIP and per improvement lever.
Significant efficiency improvements (TEEP) to support insourcing of subcontracted work. Project to pass through changes in precious material purchase price variations and to reduce scrap (TEMP).
Launched sales initiatives to boos sales by 20% in 3 years.

This helped to achieve an exit multiple of 7 x EBITDA for an Automotive Industry average of 4.5 at that time.

30% gains on CAPEX requirements and cost rates in a molding operation by switching to tie bar less molding machines with bigger mold mounting plates on smaller machine sizes.

Plan for a plant closure in the Latin part of Europe. Creation of spare capacity (buildings and equipment) and preparation of safety stock for equipment transfer.

Plant turnaround in Germany: +5% points of EBIT improvement through refocusing of plant operations and transfer out of programs to CEE, repricing of poor margin products, efficiency improvements and cut in spending. Negotiation and conclusion of a social plan.

Plant turnaround in Austria: +15% points of EBIT improvement through a complete management overhaul, implementing Class A planning and control processes, efficiency improvements and cut in spending. Negotiation and conclusion of a social plan.

overhead reduction
Ausschuss
PHOENIX NE improvement tracker
HP Spritzgiessmaschine
restructuring of Italy
NUR 2011 turnaround
MAT turnaround