IFS, the global enterprise applications company, has announced that the Jotun Group, one of the worlds leading suppliers of paint, coatings, and powder coatings, has expanded its agreement with IFS globally: IFS Applications will be implemented in 64 companies with 40 production facilities worldwide.
The agreement, signed in September, includes software, maintenance, support and consulting services, and has an estimated value of SKr 100 million over five years.
The Jotun Group has been an IFS customer in Scandinavia since 2003 and has implemented IFS Applications components for financials, manufacturing, logistics, and maintenance. Now Jotun is expanding the solution to the groups 64 companies with 40 production facilities. In addition, Jotun plans to expand its operations into new countries and increase capacities in existing production facilities over the coming five-year period, which means that the use of IFS Applications will increase further.
After implementing IFS Applications in the Scandinavian part of the group, Jotun has standardized business processes and obtained better control, efficiency, and cooperation in this area.
IFS Applications has supported our growth according to plan and we can see cost reductions, said Morten Fon, CEO at Jotun.
IFS Applications will also play a role in fulfilling Jotuns future business objectives.
A global ERP solution like IFS Applications is a prerequisite for meeting the volume ambitions of Jotun over the next five years, Morten Fon continued.
Ben Guren, CFO at Jotun, expects to get benefits from utilizing IFS Applications throughout the whole group, The global benefits are improved standardization, transparency, and precision. We will get enhanced control of the business processes through fully-integrated supply chains, improved automation, better and timely information for better business decisions, and improved accessibility of business systems..
IFS has global operations with 54 offices around the world. With this agreement, we continue to strengthen our position as a global partner to large corporations like Jotun, said Glenn Arnesen, Managing Director of IFS Scandinavia.
The process industry is one of IFS seven targeted markets. IFS provides industry-specific functionality for enterprises in food and beverage, chemicals, pulp and paper, and metals segments. IFS Applications for the chemicals industry provides support for all critical business processes, including batch balancing, recipe management, quality management, and demand planning. The application suite includes a complete asset and product lifecycle management solution. IFS customers in the chemicals industry include DuPont, Jotun, Flint Group, Willamette Valley Company, Akzo Nobel, and Becker Industrial Coatings.
The Jotun Group is one of the world's leading manufacturers of paints, coatings and powder coatings. The group has 71 companies and 40 production facilities on all continents. In addition, Jotun has agents, branch offices, and distributors in more than 70 countries. Jotun's operations cover development, production, marketing, and sales of various paint systems and products to protect and decorate surfaces in the residential, shipping, and industrial markets. In 2007 the Jotun Group had sales income of NOK 8,872 million, and 6,300 employees.
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 2,600 employees and net revenue in 2007 was SKr 2.4 billion.