Thursday, April 16, 2009
Leading European metals and mining company signs services contract for implementing IFS Applications
Within the framework of the project, which is currently being implemented, IFS will provide additional consulting services and IFS Applications licenses with an expected total value exceeding US $ 3 million. The initial contract was signed in 2007.
The process industry is one of IFS' seven targeted markets. IFS provides industry-specific functionality for enterprises in the metals, pulp and paper, food and beverage, and chemicals segments. IFS Applications for the process industry provides support for all critical business processes, including reliability-centered maintenance (RCM), overall equipment effectiveness (OEE), plant design, maintenance management, standardized real-time automation integration, order handling, manufacturing management, quality management, and demand planning. The application suite includes a complete asset and product lifecycle management solution.
IFS customers in the metals industry include Hutmen S.A., SSAB, WM Dziedzice S.A., Złomrex S.A., Nucor Corp., Elkem AS, and Surahammars Bruk. Other IFS process industry customers include Holmen Paper, SCA Graphics, Pepsi, Iams, V&S Absolut Spirits, DuPont, Flint Group, Willamette Valley Co., Becker Industrial Coatings, Jotun, Śnieżka S.A., and Dyrup.
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in 54 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was SKr 2.5 billion. The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on April 16, 2009, at 08:50 a.m.