Industry News

12 German Companies Collaborate to Secure Industrial Raw Materials Supply for the German Industry

Published on 2012-02-09. Author : SpecialChem

The Federation of German Industry, BDI, recently announced that twelve German companies: Aurubis, BASF, Bayer, BMW, Chemetall, Daimler, Evonik Industries, Georgsmarienhütte Holding, Bosch, steel holding Saar, Thyssen Krupp and Wacker Chemie have formed a collaboration to establish an alliance in order to secure the supply of industrial raw materials for German industry.

"We are working together to build a powerful organization, which aims to improve the security of Germany sustained commodity," said BDI Vice President Ulrich Grillo on Monday in Berlin on the sidelines of the first meeting of the corporate supporters that accompany the start-up phase. The foundation phase is supported free of charge from the Boston Consulting Group, Egon Zehnder, Lovells and PricewaterhouseCoopers.

The Alliance aims to invest in resource projects in order to improve the long-term supply of industrial raw materials in German industry. It is open to other companies as well. Priorities of the alliance's foundation phase are raw material clarifying, organizational and legal issues and the establishment of corporate structures BDI is not directly involved in the financing and operational work.

The Managing Director of the alliance is Dierk Paskert, Member of the Board of Management of E.ON Energie AG, Munich, Germany. The BDI is developed under the direction of Grillo, the concept for the Alliance. "The company's focus will be on raw materials for which there are strong supply risks for German industry," said Grillo, BDI Vice President.

"The alliance will address raw materials at an early stage of the project and will explore opportunities to create purchase and participation options for German companies," underlined Grillo. In specific cases the raw material alliance will also be active with the extraction and processing of raw materials.

About BDI

The Federation of German Industries (BDI) is an association of associations. As stipulated in the BDI's statutes, membership is confined to "industrial sector associations and working groups acting as umbrella organizations to represent entire industrial groups within the territory of the Federal Republic of Germany". Currently, the BDI has 37 Member federations, of which 2 are working groups, and represents the interests of 100,000 businesses with 8 million employees.

Source: Written by SpecialChem Editorial Team
(Based on information displayed on http://www.bdi.eu/)

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