LINKOPING, Sweden, Feb. 2 /PRNewswire/ -- IFS, the global enterprise applications company, has secured a contract in Finland to supply the enterprise asset management system for Neste Oil's refineries in Porvoo and Naantali. The system will be used to supervise production line maintenance, manage resources and material flows, track costs, and support operation planning. The contract was secured in January 2007 and is valued at around $2.6 million.

 

The system implementation is a part of a wider revamp of Neste Oil's operating procedures and will result in increased profitability and agility. The overall uptime of the production facility is expected to increase as preventive and predictive maintenance are optimized. Implementing IFS Applications will bring greater transparency of the actual plant status and better planning tools. It will also provide a refined methodology covering complete enterprise asset management, focusing on reliability, safety, and overall equipment effectiveness.

"IFS Applications will facilitate production management and the monitoring of equipment status to secure overall effectiveness and good cost control," said Leo Rautanen, manager of the Maintenance Department at Neste Oil. "We can be better prepared for possible disruptions and critical malfunctions. We will also be able to monitor projects in real time."

The process industry is one of IFS' seven targeted markets. IFS provides industry-specific functionality for enterprises in the chemical, food and beverage, pulp and paper, and metals segments. IFS Applications for enterprise asset management in the chemical industry provides support for all critical processes, including reliability-centered maintenance (RCM), overall equipment effectiveness (OEE), plant design and redesign, maintenance management, and standardized real-time automation integration based on open standards. The IFS Applications suite includes a complete asset and product lifecycle management solution.

IFS customers in the chemical industry include DuPont, Jotun, Flint Group, Willamette Valley Co., Akzo Nobel, and Becker Industrial Coatings. Other IFS process industry customers include Pepsi, Iams, V&S Absolut Spirits, SSAB, Hutmen, Holmen Paper, and SCA Graphics.

About Neste Oil Co.

Neste Oil Corp. is a refining and marketing company focusing on advanced, clean traffic fuels. Neste Oil had net sales of nearly $13 billion for the year ended December 31, 2005. As of December 31, 2005, it had 4,486 employees. Neste Oil's shares are quoted on the Helsinki Stock Exchange.

Neste Oil has four divisions: Oil Refining, Components, Oil Retail, and Shipping. Activities cover the refining and marketing of oil, shipping, and engineering services. The main products are gasolines, diesel fuels, aviation fuels, marine fuels, heating oils, heavy fuel oils, base oils, lubricants, traffic fuel components, solvents, LPGs, and bitumen.

Neste Oil's Porvoo and Naantali refineries have a combined refining capacity of over 15 million tons per year. In 2005, Neste Oil supplied over eight million tons of petroleum products to Finland and exported over six million tons. Neste Oil has around 900 Neste service stations, diesel fuel outlets, and other sales points in Finland, and around 220 Neste stations and outlets and diesel fuel outlets in the Baltic states, Russia and Poland. In 2005, retail sales of main oil products totaled around 25.8 million barrels. Neste Oil's fleet includes around 30 tankers along with tug boats and barges.

IFS (OMXS: IFS), the global enterprise applications company, provides solutions that enable organizations to respond quickly to market changes, allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.

IFS was founded in 1983 and now has 2,600 employees worldwide. IFS pioneered component-based enterprise resources planning (ERP) software with IFS Applications, now in its seventh generation. IFS' component architecture provides solutions that are easier to implement, run, and upgrade. IFS Applications is available in 54 countries, in 20 languages.

IFS has more than 500,000 users across seven key vertical sectors: aerospace & defense, automotive, high-tech, industrial manufacturing, process industries, construction & facilities management, and utilities & telecom. IFS Applications provides extended ERP functionality, including supply chain management (SCM); enterprise asset management (EAM); maintenance, repair, and overhaul (MRO); product lifecycle management (PLM); customer relationship management (CRM); and corporate performance management (CPM) capabilities.

IFS Applications is a trademark of Industrial and Financial Systems, IFS AB. All other referenced company or product names are trademarks or registered trademarks of their respective owners.

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