Period
1900 - in progress
through its collaboration with JEDCO - EU. This partnership resulted in a significant reduction in employee turnover and the integration of state-of-the-art machinery, leading to higher efficiency and product quality. By strengthening alliances with public authorities, CHEMVET expanded its horizons, partaking in international exhibitions and venturing into emerging markets such as Kazakhstan. This collaborative innovation has revolutionized the business, propelling it to the forefront of international agribusiness and establishing it as a beacon of sustainable growth and success.
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Identification needs
Improve the agribussiness from local to international market.
Stakeholder change
CHEMVET witnessed marked improvement throughout its different departments, but human resources specifically saw very impressive results. Prior to the collaboration with JEDCO, the employee turnover rate was registered at between 60% and 70%, a number that has declined to under 10%, due mainly to the establishment of a salary scale and the identification of job descriptions for employees.
Change triggered
CHEMVET also applied for a grant to fully automate its production line, with JEDCO supplying between 60% and 80% of the cost. Thanks to the grant from JEDCO and its donors, the new machinery has greatly increased efficiency and accounts for a more polished end product. In addition, CHEMVET also participated in two exhibitions in Algeria and Ethiopia, where the company was able to network and forge relationships with new companies. CHEMVET and JEDCO also worked together to register new local and regional brands under the company's umbrella. The company is now in the first stages of entering Kazakhstan's market with the help of JEDCO Agribusiness.
Short description
A veteran in the agrochemical and veterinary products industry, CHEMVET applied for the “Accelerate with JEDCO” program and subsequently, the company witnessed a number of major developments.
The journey began with a two-day workshop, with an expert highlighting the areas where the company needed improvement, and working with the team to create a strategic plan.During the workshop, the main areas of the company were also identified and a SWOT analysis was designed, which was comprehensively analyzed in order to turn the company's weak points into assets.
