Development aspects and future plans
In light of the development and modernization of equipment, the flexibility of dealing that is implemented, avoiding errors, addressing negatives in performance and turning them into positives, and simplifying dealing procedures, the expected future vision is as follows:
1- Achieving a growth rate of 1.5% to 2% of the revenues achieved over the target
2- Attracting some customers to work with the company by repairing equipment, which will have an impact on this
3- Studies are currently being conducted with port operating managers to move some tariff elements while studying market prices to maintain existing customers and attract new customers to modify some dealing categories to meet cost increases, such as raising fuel/spare parts prices, etc., and this will contribute to revenue growth.
4- The company pays great attention to setting a maintenance schedule for each piece of equipment to raise its efficiency and works to purchase new equipment and assets that lead to increasing production capacity. Productivity represents the optimal use of available capabilities.
5- Work to reduce the commodity stock of spare parts to the minimum in accordance with the needs of periodic repair and maintenance programmes
6- The company is working hard to raise the efficiency of collection and activate the debt collection process on an ongoing basis - and follow up on the position of the cases filed against customers regarding the debt.
7- Wage has been linked to production by following the collective incentive system with what is achieved in terms of the target of permanent work production, while motivating workers to increase production by distributing extraordinary effort rewards to workers who excel in performance and a policy of reward and punishment.
8- Regarding investments, new investments were pumped in the form of purchasing new equipment and assets that lead to increasing production capacity as follows: -
• Purchasing a 50-seater Mercedes bus to transport workers to remote work sites in Nuweiba/Safaga, saving the company 15,000 pounds per month.
• Purchasing a John Deere tractor to work in the port of Nuweiba at a cost of approximately one million pounds, which generates a return for the company of 200 thousand pounds per month.
• Purchasing a crane with a capacity of 120 tons at a cost of approximately 15 million pounds, which generates a return for the company of 500 thousand pounds per month.
• Clark purchased 3/5/10 tons at a cost of approximately 2.5 million pounds, which generates a return for the company of 150 thousand pounds per month.
• Building a warehouse in Adabiya Port in partnership with the Egyptian Warehouse Company, at an initial cost of 20 million Egyptian pounds.