International Maritime Industries Company goes live with IFS Applications
Employees at the largest emerging maritime facility in the Middle East enjoy faster time-to-value with their IFS industry solution
London, March 12, 2020 – IFS, the global enterprise applications company, announces that International Maritime Industries Company (IMI), a landmark joint venture between Saudi Aramco, Lamprell, Bahri, and Hyundai Heavy Industries, has concluded the first deployment of IFS Applications™ to support maintenance, repair, overhaul (MRO) contracts and back-office operations.
Located in Ras Al-Khair on the east coast of Saudi Arabia, IMI, when fully operational, will be the largest maritime facility in the region and globally unique in terms of its mix of services across multiple market segments: newbuild and MRO for commercial vessels including very large crude carriers (VLCCs), bulk carriers, offshore support vessels (OSVs), and offshore jackup rigs.
To promote productivity and ensure efficiencies across its operations, the company needed a modern, fully integrated ERP solution with robust functionality, designed for the maritime industry. Following a comprehensive evaluation process that included major ERP vendors IMI chose IFS Applications.
Following the successful implementation of phase 1, IFS Applications now supports mission-critical processes and operations and is fully integrated with finance, human capital management (HCM), payroll, and procurement.
“We are impressed with the capabilities of IFS Applications 10 and look forward to a long and fruitful partnership with a global ERP provider that has a successful track record in supporting companies in the shipbuilding industry,” said Mr. Emad Al-Humam, Vice President of Information Technology at IMI. “The open architecture of the IFS platform empowers us to easily connect our best-of-breed systems to our ERP backbone and thereby gain invaluable operational insights. By investing in a central, integrated platform, IMI will get enhanced business insights through complete process visibility. As we embark on the next phase of the deployment process, we can rely on IFS Applications to help us enhance the efficiency of our core processes and working methodologies."
Mehmood Khan, IFS Managing Director, Middle East, added, “We are proud that our technology plays a part in bringing about improvements in efficiency, as well as greater visibility and integrity throughout IMI’s vast scale of operations. IFS fully understands the business challenges associated with such a large-scale implementation. With our expertise and best practices, we look forward to delivering an outstanding solution that will meet the high standards of IMI.”
The IFS solution will be implemented by IFS Partner DAR.ME.
Read more about how IFS supports companies in the shipbuilding and maritime industry: www.ifs.com/industries/construction-and-engineering/shipbuilding-and-maritime/.
International Maritime Industries, located in “King Salman International Complex for Maritime Industries and Services” at Ras Al-Khair, Saudi Arabia, will be the largest, full-service maritime facility in MENA. When building is complete, the annual capacity of the facility will be four (4) new build offshore rigs and over 43 new build vessels including VLCCs, in addition to servicing more than 260 maritime products. Major production operations are expected to commence toward the end of 2020 with the facility reaching its full production capacity by 2022. International Maritime Industries is a joint venture between Saudi Aramco, Lamprell Energy Limited, Bahri and Hyundai Heavy Industries. www.imi-ksa.com/
IFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with a commitment to delivering value to every one of our customers, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of 4,000 employees and growing ecosystem of partners support more than 10,000 customers around the world challenge the status quo and realize their competitive advantage. Learn more about how our enterprise software solutions can help your business today at ifs.com.
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