Business innovation for society and/or the environment

Innovation is a process of creating and implementing new ideas, concepts, products, or services that result in a significant improvement or advancement in offering goods or services.

 

Business innovation for society and/or the environment

  To adopt innovative approaches to tackle the inflexible challenges to create value towards environment and society ,the Company sets the framework in

1. Creating social / environment innovation to solve social or environmental issues

2. The quantifiable value contribution to society and/or the environment both in terms of business value and social and/or environment values

3. Disclose such innovations to others to learn and put into practice.

    The Company adheres to the vision statement; to be a leading lime producer and supplier of quicklime and calcium carbonate so it integrates technology innovation and knowledge management into its policy to develop products that can contribute effectively and supportively to our own and our partners’ business under the good corporate governance and the sustainability development towards society, environment and all stakeholders.
Awarded the lime kilns model of the EOD Lime Kiln project in 2018, Golden Lime Engineering Co., Ltd., now achieved 4 commercial kiln construction for our own bran EOD Lime Kiln projects as the Company’s innovative technology for capacity expansion.
By developing innovation, we also foster independence and build a team that runs itself as well as promote the processes development among customers, and suppliers in our value chain. The elements of driving the organization into an organization of innovation comprising the following 5 important dimensions:

Dimension 1: Strategic Dimension

Focus on clear perspectives in setting goals for innovation including strategies for transferring innovation goals to internal departments to understand the importance and be able to formulate guidelines for innovation development in line with the business goals of organization.

Dimension 2: Structures

Focus on strategies for learning and commitment to building a mutually beneficial business including cooperation in the operation, communication between personnel and decentralization in administration and operation within the organization. Dimension 3: Support Focus on supporting innovation development in terms of finance, time, technology as well as creating and distributing knowledge and skills for people in the process of innovation management Dimension 4: Climate Focus on the process of managing and developing human resources in order to support the perspective and understanding of the connections of job characteristics in different departments in the organization by nurturing the development of models for assessing the potential of human resources and creating an atmosphere that is conducive to the development of creativity within the organization. Dimension 5: Culture Focus on encouraging employees in the organization to think outside the box and focus on creating new ideas, such as setting challenging goals, dare to accept risks and can accept errors arising from the development of innovation, considered as part of the learning process, accepting comments and feedback from employees and rational arguments along with the preparation process for future changes. The Company has been promoted and sponsored by Carmeuse and GP Group, a group of major shareholders of the Company by exchanging knowledge with each other including working with affiliates of the Company and various external agencies

The production technology development to create new products for the steel industry in order to replace oversea products that the steel industry imports.

Innovation promotion initiatives

This quarterly cost saving award program offer numerous benefits into employee development

1. Engaging stakeholders effectively especially with personnel as a key stakeholder

2. Developing employee ‘s skills ; skills, project management, team management

3. Promoting core values and sustainability framework in Cost efficiency, assets optimization, resources optimization, resources efficiency, mitigating environmental impact reduction emissions, occupational health, and safety .

4. Encouraging collaboration among employees

Project model

Employees are organized into groups to work as teams, create projects and submit on a quarterly basis. The winning program is awarded financially to boost their morale and disseminated through internal communication platform to promote creativity and engagement.

Expanding its benefits

The company announces through internal communication platform as examples of ideas for personnel to encourage others to participate.