Evaluating the efficiency of the economic performance of the Al-Qablou Electrical Factory for the period 2018-2022

Abstract

The research examines a factory within the transformative manufacturing sector in Iraq as a case study for the period 2018-2022, specifically focusing on the Al-Qablo Electric Factory, one of the factories of the Ur State Company. This factory produces suspended AAC (aluminum and copper) overhead wires, ACSR (aluminum conductor steel reinforced) overhead wires, standard electrical cables NYY, and suspended electrical cables NYBY. The research commenced with a fundamental problem represented by the following questions: Does the Al-Qablo Electric Factory in Thi Qar Governorate adhere to standards for evaluating economic performance efficiency? Does the factory benefit from the results of economic performance evaluation to improve its performance? In line with this problem, the research hypothesis was formulated that many factories in the transformative industry operate with lower efficiency due to numerous problems and obstacles inherent in the Iraqi industrial environment, and thus, the Al-Qablo Electric Factory might not be exempt from this.   A descriptive approach and deductive method were employed in the theoretical aspect of the research, while a quantitative approach and inductive method were used in the practical aspect through relying on key performance evaluation criteria to evaluate the factory's performance during the study period of 2018-2022, based on the factory's data for the mentioned duration. The most important conclusions drawn from the research include the fluctuation of economic standards during the study period, significant deterioration in standards for the year 2022, as well as the mismatch between planned indicators and actual indicators, indicating a disconnect between future plans and the actual reality of the factory. Therefore, the researcher recommended the necessity for future plans to be realistic and achievable in light of the economic and environmental conditions of the transformative industry in Iraq.