Chief Operating Officer
CurrentManufacturer of rigid plastics and industrial packaging products using a state-of-the-art manufacturing facility, having revenues of 15 million US$, and over 200 employees.Key Achievements:• Grew EBITDA margins from 8% in FY2020 to 12% in FY2021, and to 15% in FY2022.• Implemented robust finance controls and discipline resulting in significant cashflow gains. • Monitored credit facilities with lenders, leading to lowered interest rates.• Optimized process to ensure seamless and continuous availability of raw materials, • Mitigating procurement risks by successfully creating a diversified vendor program.• Maintained cost stability by negotiating contracts for raw material based on international indices.• Implemented daily monitoring of raw material and inventory for local purchases and imports. • Established a diversified transport program with multiple transport options and reduced costs.• Improved productivity by 20% through plant maintenance and worker incentives programs.• Lowered labour costs by 15% through employee training, resource allocation, and optimization.• Established and maintained an efficient IT systems and business processes for smooth functioning.• Fostered a positive, accountable, transparent, and inclusive work culture within the organization.• Implemented loss prevention program through security logs and installed CCTV.