Elemica solidly profitable for second year in a row.
$50 billion of annual transaction value, strong support from major clients
At the close of its 2006-7 fiscal year, Elemica reports that its annual EBITDA was once again clearly in the black, showing a more than 100% gain over the previous 12 months. “With $50 billion of annual transaction value and profitable operations,” said CEO Mike McGuigan, “Elemica is well-positioned to keep growing – adding new clients, building our network, expanding our scope of services and increasing the value we deliver to our clients.” Customer satisfaction, already strong, is also growing, judging from comments of major Elemica partners Air Products, BASF, Dow Chemical, Lanxess, Rohm & Haas and Shell Chemicals.
"Air Products has benefited from using several Elemica applications across its businesses and operating regions", said Art Anderson, General Manager of E-Business and Customer Engagement Process at Air Products. "We are looking forward to using some of the new products being developed at Elemica to drive even higher productivity in the future.” “Elemica is a key contributor to BASF’s plans for global growth, not just in Europe and North America, but especially in Asia as well,” said Andrew Pike, Chief Information Officer of BASF and Chairman of Elemica.
“Dow is utilizing Elemica all over the world to help us get closer to our customers and provide them with ever better and more reliable service and logistics,” echoed Darrell Zavitz, Senior Director of Customer Service and International Trade at The Dow Chemical Company. “Elemica is an important part of how we are making good on our commitment to leveraging innovative technology and work process systems to generate value for Dow, our customers and our suppliers by enhancing productivity and increasing the ease of doing business.” “At Lanxess, our most important goals in e-business are to cut costs of sales and logistics,“ said Hans-Peter Biermann of Logistics & Supply Chain at Lanxess. “Elemica is a key part of this, and we are planning to implement Elemica in both invoicing and logistics.”
“Elemica plays a central role in Rohm & Haas’s logistics with customers and suppliers,” said Neil Carr, Director of Procurement & Logistics at Rohm & Haas. “Elemica has proven itself, technically and commercially, and we are working with them in a range of areas, too: sales, inventory management, procurement and even warehousing.” At Shell Chemicals, reports GM Customer Centres and Regional Operations Eddie Day, “Elemica’s ‘Translink’ solution is delivering visibility in logistics, ‘Connected Solution’ is managing customer orders, and will soon be used in invoicing while the ‘Elemica Supply Chain Solution’ is already in use to deliver our vendor managed inventory program.”
And more success is on the way, says Elemica CEO McGuigan. “This past year has shown further excellent progress in our business with significant growth and outstanding client support. We are continuing to grow this coming year, and intend to extend our offerings to reach the entire chemical industry.”
ELEMICA offers its customers a neutral network for order processing and supply chain management. Its solutions enable buyers, sellers and service providers to streamline business processes and to integrate their operations – which lead to substantial savings. ELEMICA, established by 22 leading companies, is focused on customers in the process industries worldwide.
