Reaching the pinnacle is easier said than done. Only one in 300 plants might reach World Class, said Idhammar, who has witnessed only a couple of plants — one in New Zealand and one in Ontario — that have met the criteria in the past. However, these plants may no longer meet the World Class standards.
Idhammar says that there are three major elements needed to realize value: leadership, well-defined processes and skilled people, and technology. These elements work in tandem to help lower costs.