2023-05-01 22:56:03
What are the levers put in place to preserve these indicators?
The 2022 results demonstrate the relevance of our strategic program, focused on
the strengthening of competitiveness, operational excellence and the development of new sources of growth. They also demonstrate the ability of our teams
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meet the challenges of this program.
We were thus able to maintain a solid EBITDA and control the impact of the contraction of the construction market.
What lessons
hold back from the many challenges posed by the
current situation?
The issues encountered reveal the vulnerability of the steel production sector to economic fluctuations and changes in market demand. Steel producers must constantly
adapt to meet current and future challenges
of the sector, in particular with regard to the environmental impacts of the
steel production. In the actual context
increase in energy and material costs
first on a global scale, it is no longer enough to think regarding mastering the
energy costs. The bill
energy representing a significant share of the costs of
production of the steel industry, it is now imperative to become aware of the importance of green energies and to initiate the shift towards innovation in terms of energy efficiency policy.
Sonasid has heavily invested in Green Steel. Why such an approach ?
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Globally, steelmaking is considered an energy-intensive industry.
Given the current context and rising energy costs, companies that do not take steps to source green energy are forced to pass on these increases to their selling prices. This situation might represent an opportunity for our group in the future. It is
a competitive advantage that will allow Sonasid to increase its exports. Sonasid is at the forefront in terms of green steel production and
of decarbonization. Our
factories are powered by more than 85% renewable energy, which allows us to reduce our emissions by almost 200
000 T/CO2 per year. This asset allows us to get ahead and anticipate the implementation of the carbon tax
at the borders of Europe by initiating the accreditation procedure for our green steel.
You launched the production of the fiber
of steel in December 2022. What is its added value?
The production of steel fiber is our greatest pride in the year 2022. We dreamed up this project and managed to achieve it in record time. The Group is also cited as an example among companies in the sector. The mobilization and dynamism shown by the women and men of Sonasid were decisive in the realization of this major project. The Group has demonstrated its ability to overcome all challenges and this success is a motivational driver for all employees.
Today, we have set up four production lines of five thousand tons each on the Nador site. Steel fiber is a product of R&D and a materialization of innovation efforts, it has great added value because it is a privileged product in the construction of major infrastructure projects given its many advantages in terms of durability, resistance and the significant savings in cost and
A year at Sonasid
time he allows.
Sonasid’s steel fiber
is patented ArcelorMittal. A 100% Moroccan and Green product, it is already the pride of Made in Morocco since it is now used in major infrastructure projects in South Africa, Canada and France to support the construction of the extension. of the Paris metro. We plan to increase the lines and raise the level of production targets to meet ever-increasing demand.
What are Sonasid’s development prospects in the short and medium terms?
The Group has great ambitions for the future and aims
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develop new steel projects with high added value. To achieve this, we plan to capitalize on our research center and on the transformation of
nuisances of the steel industry in added value in order to offer innovative products. We also intend to extend our presence to new sectors, such as automotive or aeronautics, to support their growth and strengthen our position on the market.
How does Sonasid’s commitment to a more sustainable world materialize?
Sonasid’s economic model draws on the principles of sustainable development, to this end corporate social responsibility (CSR) is an essential component of our strategic plan to enable us to pursue the ambition of positioning ourselves as a committed player.
in favor of a socially responsible transition One of our priorities is to identify more innovative solutions to increase the sustainability of operations and protect the environment, while ensuring a reduction in operational costs. We will therefore continue to initiate projects that will strengthen the integration of renewable energies in our energy mix to further reduce CO2 emissions. Furthermore, Sonasid is committed to creating value for all its stakeholders. We take
take into account the expectations of our employees, our customers, our suppliers, our shareholders and ensure
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provide concrete responses to the needs of our neighboring communities.
Sonasid builds Morocco
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