Key aspects of increasing business performance refer to:
1. Construction of a new factory for the production of polypropylene
2. Increasing the reliability of factories
3. Increasing energy efficiency
4. Change of corporate culture
The development plans of HIP-Petrohemija are based on:
Key aspects of performance enhancement
Construction of a new factory for the production of polypropylene
In accordance with the Agreement on Strategic Partnership signed on December 24, 2021 between the Government of the Republic of Serbia, HIP-Petrohemija and the company NIS, which entered into force on June 9, 2023, in October of the same year 2023, the Board of Directors of NIS approved the start of work on the project “Construction of new capacities for refining propylene and production of polypropylene”, more precisely the first phase of this project “Planning and preparation – BEDP” (Basic Engineering Design Package).
This phase was successfully completed at the end of 2024, and in December 2024, the NIS Board of Directors approved the transition to the next phase of the “Planning and Preparation – FEED” project.
The activities that are now taking place as part of the Polypropylene project are those that are not affected by the sanctions regime introduced in January 2025, and which are part of the Polypropylene investment project.
Key aspects of performance enhancement
Increasing the reliability of factories
The Company’s strategic goal is to ensure reliable operation and increase the reliability of equipment and plants in order to improve the operational stability of HIP-Petrohemija.
The HIPP Reliability Plan addresses the following key activities:
- Architecture and process – the Company’s policy on the management of reliability and integrity of equipment was drawn up, normative-methodological documents were adopted and applied
- Implementation of methodologies for increasing the reliability of equipment and implementation of professional training of employees
- Monitoring key performance indices, defining goals and strategies for their achievement
- Creation of maintenance strategy, development projects and plans for improvement of reliability system
- Digitalization of processes and IT system – development of a program system for reliability and maintenance within the information system
Key aspects of performance enhancement
Increasing energy efficiency
Energy efficiency represents one of the key directions of HIP-Petrohemija’s development, considering the level of energy consumption in the Company, and with the aim of improving business through the reduction of operating production costs, which will result in lower energy consumption and improve the Company’s green agenda.
The key factors of the energy efficiency program are:
- Strategy development for improving the energy efficiency system
- Employee competence development
- Management of energy resource losses
- Implementation of organizational changes and development of standard operating procedures
- Development of measures to improve energy efficiency
Key aspects of performance enhancement
Improvement of corporate culture
Corporate culture has always been part of the business environment. It is the way we behave as a team and the way we do our work. Practice has shown that it should not be allowed to develop by itself, but rather it is necessary to name it, get to know it and work on it, so that the company can more easily reach its strategic goals. Its basic framework is defined by corporate values, which are our guide and direction in our daily work.
Transparency, responsibility, expertise and innovation are the foundation of our corporate culture. They should not only be “on paper”, but really included in all processes, starting with communication. They should be the driver of our business development, the best adviser in decision-making, determining the way we work and how we treat others.
Research also shows that respect is the most important thing for employees in the workplace. Each of us can understand respect in different ways, and it includes care, dignity, recognition, reward, honoring. A respected employee is one who is respected, recognized, valued and protected. That’s why we decided to pay more attention to strengthening the respect of each of us, as well as strengthening fair relations in the workplace. With the aim of providing support to our colleagues, at HIP-Petrohemija we created a support program for all of us, called “Respect, first of all!”
The program stands on three “pillars”, i.e. three support centers:
- Ethics Advisor
- Support in case of suspected mobbing
- Mental health support
A quality work environment is one in which we all feel satisfied, and therefore we are more productive. That is why we are determined to strengthen this kind of environment, and one of the tools is “Respect, above all!”.