HUDDERSFIELD, UK--(Business Wire)--
Proving that less really can be more, Chemical Management Services (CMS)
providers saw more than 30 per cent revenue growth per yearfrom 2006-2008 by
helping their customers significantly reduce their chemical use, waste, and
emissions. According to the CMS Industry Report 2009, the third in a series
released on October 21st, 2009, the CMS industry not only reported revenue
growth, but projections indicate the global market will more than triple in the
next five to 10 years. The estimated current market globally is approximately
$1.3 to $1.6 billion.
"We see this as a tremendous opportunity to provide sustained value for industry
in the UK," said Ralph Gerrard, Business Development Manager, Yorkshire Chemical
Focus. "Under the CMS concept, chemical suppliers are developing their business
models to focus on providing high value services rather than more volume. CMS
providers partner with customers to manage their entire chemical lifecycle and
create savings by leveraging purchases, improving inventory management, reducing
chemical use and waste, and enhancing IT infrastructure."
Yorkshire Chemical Focus Limited (YCF) received backing in 2008 by from
Yorkshire Forward, the regional development agency for Yorkshire & Humberside,
to actively promote awareness of the CMS concept; YCF is currently exploring
various industry sectors with an eye towards funding a pilot CMS implementation.
According to the report survey data, customers have realised hard savings as
high as 40-50 per cent in the first year of their CMS programme, and continue to
see savings five to 10 years into their programme. The customers surveyed for
the report represent diverse industries and companies, including: Intel
Corporation, Lockheed Martin Corporation, Chrysler Group, Delta Air Lines, Ford
Motor Company, United Technologies Corporation, Pacific Gas and Electric
Company, Seagate Technology, and a US Department of Energy research lab, among
others.
The European Union`s chemicals directive, REACH (Registration, Evaluation, and
Authorisation of Chemicals), and similar emerging regulations internationally
require users to have more detailed chemical information about their operations,
products, and chemical supply chain. CMS providers` IT capabilities are proving
critical for their customers to meet these needs and to make informed business
decisions.
The 2009 Chemical Management Services Industry Report and press kit is
available: http://www.chemicalstrategies.org/IR09press.htm.
US:
Chemical Strategies Partnership
Jill Kauffman Johnson,
001-415-421-3405-x13
or
UK:
Yorkshire Chemical Focus
Ralph Gerrard
+44-1484-433-218
Copyright Business Wire 2009
