< F.Y.R. of Macedonia
Continuous improvement
Distribution of value created by TITAN Group in 2011
Total value created in 2011 was €1026.6 million and distributed to key stakeholders as follows:
- To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law: €218.1 million
- To local and international suppliers: €642.9 million
- For new investments in fixed assets: €58.1 million
- To state and local authorities through taxation: €82.6 million
- Return to shareholders and minorities: €24.9 million
The goals set by the “Step Change” safety program, completed in 2010, paved the way for TITAN Usje’s excellent performance in health and safety in 2011. Until August 6, 2011, there were no injuries for a period of 556 consecutive days. The LTI dropped from two in 2010 to one, while the LTIFR (LTI Frequency Rate) fell from 3.1 to 1.6. In January 2011 the plant’s Health and Safety Management System received OHSAS 18001:207 certification from ELOT. This is the third management system implemented in Usje, complementing the Quality System ISO 9001:2000 and the Environmental Management System ISO 14001:2004. It confirms the plant’s commitment to health and safety and will further improve the systematic approach already undertaken by the TITAN Group.
In addition to this, during 2011 the local Red Cross delivered first aid training to the first aid teams of the plant, while engineers, managers and supervisors received internal training in fire precautions.