The Emerging Markets Century by Antoine van Agtmael

Author:Antoine van Agtmael
Language: eng
Format: epub
Publisher: Simon and Schuster, Inc.
Published: 2007-07-15T00:00:00+00:00

Lessons

Posco has demonstrated that it is possible to build a world-class, efficient, low-cost steel plant without the usual iron ore and coal resources based on sheer determination, strong government support, and a captive market of carmakers and shipbuilders.

Building a greenfield plant without prior experience requires a huge commitment to training and the willingness of a world-class company to serve as a mentor.

Constant efforts to achieve top-notch technology and extensive use of IT are useful only if careful attention is paid to “the small things” of operating a plant if the goal is to achieve world-class efficiency and the lowest cost structure.

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