08 October 2003 16:51 [Source: ICIS news]
LONDON (CNI)--BASF’s information technology (IT) arm said Wednesday it aims to raise the proportion of sales outside the German chemicals group, to 15-20% from the current 5% within three years.
At its first European press conference today, BASF IT Services’ managing director for applications & infrastructure Wolfgang Erny said: “Within three years, we want a significant proportion of our turnover to come from business outside the BASF group.”
In 2002, BASF IT Services' sales totalled Euro450m ($523m). About 95% of these were to BASF.
BASF IT Services’ managing director for sales & marketing Uwe Krakau continued: “Our efforts are focused on the process industry, which is after all, the background on which our expertise is based, through our work with the world’s leading chemical company BASF.”
Erny said: “Within five years, we then want to have attained a profit margin in line with market norms.” He also said the BASF group will continue to remain as his firm’s most important customer.
Erny also told how the company had progressed with restructuring itself since April 2001. “We now have a European organisation, with a customer-orientated structure. It is our goal to reduce costs and improve productivity.”
In addition to savings that his firm is currently making for BASF in terms of its IT budget, Erny said that BASF IT Services is also implementing new procurement strategies that will enable BASF to make sustainable savings of Euro35m by 2004.
BASF IT Services also announced today a collaboration with Aker Kvaerner to provide plant maintenance solutions to European process manufacturers.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections