Orion receives Lean Prize 2016

Orion receives Lean Prize 2016

ID: 562551

(Thomson Reuters ONE) -


ORION CORPORATION                               PRESS RELEASE                5
OCT  2017 at 12:35 EEST

Orion receives Lean Prize 2016

As the cost pressures on pharmaceutical companies increase, Orion needs to
constantly improve its efficiency to stay competitive. In 2016, the company
began a group-wide Lean program, where the entire staff is involved in a culture
of continuous improvement. Orion's shift toward Lean culture received the Lean
Prize 2016 from Lean Association of Finland.

Lean Association of Finland has awarded Orion with Lean Prize 2016. The award is
given out yearly to a Finnish company that has successfully adopted Lean
thinking in its operations.

At Lean Management 2017 event in Helsinki's Finlandia Hall, the award was handed
by the Head of Lean Association, Kalle Arsalo, to Orion's Head of Business IM,
Supply Chain and Corporate Business Support, Olli Voima, and Head of Salo
Operations, Urpo Rautiainen.

The award committee commanded Orion for its wide-spread adoption of Lean
thinking.
"Orion management has been highly committed to adopting Lean principles in the
company culture. The approach has been result-oriented, comprehensive and
encourages participation from employees. Major improvements have been made, for
instance, in lead times, work safety, productivity and work satisfaction," the
award committee said.

"We're proud of this award and it encourages us on our Lean journey. The work is
by no means done, as Lean is not a project but a new kind of company culture,
where we improve our work every day by small steps and large leaps," said Virve
Laitinen, SVP, Supply Chain, Orion.

"Few Finnish public companies have taken such a comprehensive approach to Lean,
where the whole company is involved in a cultural change. As Lean is first and




foremost about creativity, an approach that involves the entire staff is
commendable," said Arsalo from Lean Association.

Improving competitiveness through Lean

Lean thinking, which originally derives from the production philosophy of
Japanese car manufacturer, Toyota, is a customer-focused approach to increasing
efficiency. It aims at eliminating waste - non-value creating work - and
developing a self-improving organization.

For Orion, the need for a new approach to company culture was related to the
increasing cost pressures in the global pharma industry.

"The easy-to-find drug molecules have already been found, so the costs of pharma
R&D are rising. In addition, increasing regulation increases costs. To stay
competitive in these circumstances, we need to keep improving our own operations
and be more and more efficient each day. We already had positive experiences
from the first Lean projects implemented in our supply chain, so it was logical
to try Lean as a company-wide approach," Voima says.

At Orion, Lean culture encompasses the entire organization: not only plants and
production but also offices and laboratories, leadership, research and expert
work.

"When all 3500 Orionees think of how to do things better today than yesterday,
the improvement trend is much more powerful," Voima stresses.

More information:
Olli Voima
Head of Business IM, Supply Chain and Corporate Business Support, Orion
Corporation
Phone +358 50 966 2321
olli.voima(at)orion.fi

Kalle Arsalo
Executive Manager, Lean Association of Finland
Phone +358 50 410 4848
kalle.arsalo(at)leanyhdistys.fi

Interview requests:
Terhi Ormio
VP, Communications, Orion Corporation
Phone 050 966 4646
terhi.ormio(at)orion.fi


Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
Homepage: www.orion.fi


Orion is a globally operating Finnish pharmaceutical company - a builder of
well-being. Orion develops, manufactures and markets human and veterinary
pharmaceuticals, active pharmaceutical ingredients and diagnostic tests. The
company is continuously developing new drugs and treatment methods. The core
therapy areas of Orion's pharmaceutical R&D are central nervous system (CNS)
disorders, oncology and respiratory for which Orion developes inhaled Easyhaler®
pulmonary drugs. Orion's net sales in 2016 amounted to EUR 1,074 million and the
company had about 3,500 employees. Orion's A and B shares are listed on Nasdaq
Helsinki. Founded in 1917, Orion celebrates its centennial anniversary in 2017.





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Orion Oyj via GlobeNewswire




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Datum: 05.10.2017 - 11:35 Uhr
Sprache: Deutsch
News-ID 562551
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