Yara’s plants set record production figures
It has been an exceptional year for Yara’s production with record production figures in the third quarter, driven by Operational Excellence in our core business.
Operational Excellence in action
Guided by Yara’s consistent and systematic Operational Excellence work, considerable improvements in production have resulted in delivering all-time high performance in the third quarter - a true testament to the robustness of our operations and the value of our core business.
“Better operational performance drives profitability for Yara, as plants represent a large share of Yara’s cash-generating activities. With improved plant reliability and efficiency, we see strong outcomes. Additional benefits include lower carbon emission levels, and more resilient production assets. The focus on Yara’s core business is starting to pay off."
Operational Excellence has been critical in tackling and reducing causes for production stops. This has been done by taking a systematic approach for production processes, root-cause analyses, and competence building, supported by digital tools and improved ways of working.
For Yara, we strive to create an operating model with minimal interruption and strongly believe a reliable plant should have few or no unplanned stops. When this is realized, it results in higher efficiency, produces higher volumes, is more resilient, and has better product quality.
Delivering on our strategy
With Yara’s plants positioned globally, we know each plant has its own challenges and opportunities - this is where site strategy is crucial. Thanks to local knowledge, commitment, and ownership, and Yara’s Operational Excellence methodology, our colleagues can strategically identify these value-drivers.
“2024 is a prime example of how impactful Operational Excellence is to deliver on our strategy. Through Operational Excellence and site-specific strategy, together we are improving Yara by working to further plant reliability and production stability. By accelerating our Operational Excellence efforts, we are confident sustainable profitability in core operations and growth opportunities will enable a fit-for-future Yara,” says Labby.
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