MMK’s Power Station Works on Cost Accounting Project

10 January 2020 (09:07)

UrBC, Magnitogorsk, January 10, 2020. Magnitogorsk Iron & Steel Works (MMK) power station is working on a cost accounting project, MMK’s Information & PR Department reports.

‘The plant’s power station keeps working on a cost accounting project at micro-cost-center level; this is done within the framework of MMK’s strategic initiative on Personalized Resource Management. The goal is to improve cost accounting and introduce efficiency competition into the field of resource use,’ the company says.

The power plant has been focusing closely on energy efficiency and cost accounting for a decade now.

‘Even before this project took off, we relied on our own cost accounting and data collection system for every kind of resource. We knew exactly how much chemically purified water, natural gas, coke gas, and blast furnace gas we were using and how much steam and electric power we were producing for our own needs and for the blast furnace facilities, which is our key ‘output’ indicator. A report was produced at the end of every month, with data on energy spending available to both shift foremen and section managers as well as to the workers in all of our four teams. These workers were quite involved in the system, as a matter of fact, and came up with interesting resource-saving solutions. Another important thing was that a money premium was paid to employee of the month on a regular basis,’ says the station’s Senior Engineer Damir Minnegaliyev.

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