We continuously drive for efficiency in our operations because we recognize that it is not only a key aspect of our operating costs – but also impacts our carbon footprint. That is why we have robust systems in place to reduce energy consumption. For example, prior to the start of production of new products, our Rigorous Mold Tryout (RMT) process ensures that we establish optimum process parameters in order to consistently produce high quality parts; thus minimizing scrap and waste. Additionally, all capital expenditures for molding presses of 350 tons or less utilize servo technology and new presses of larger tonnage are hybrid-servo. These actions allow us to build efficiency into our manufacturing processes and reduce energy usage. Scrap, efficiency, and yield are key operating metrics that are continuously monitored, measured, and reported on.
We also minimize energy consumption within our facilities by ensuring HVAC and lighting occupancy sensors are in place wherever possible. Additionally, all of our water towers have been converted to Variable Frequency Drives (VFD) and all facilities are now equipped with LED lighting.
The above actions help us to minimize electricity consumption. Electricity usage is a key metric of our Environmental Management System and is monitored and reported on. The chart displayed here reflects our most recent accounting of electricity usage. Electricity is also accounted for in our Scope 2 greenhouse gas metrics.
