July 1, 2012 - IFS announces that IMCO has chosen to implement IFS Applications to streamline business-critical processes such as project and contract management. The contracts include licenses and services worth approximately USD 1.7 million. IMCO Engineering & Construction, based in Kuwait and Qatar, offers Engineering and Construction Services throughout the Middle East. The company is active in industries such as oil and gas; power generation, transmission, and distribution; as well as water and wastewater infrastructure.
In order to streamline and manage its project-oriented, multi-country operations, IMCO has decided to implement IFS Applications to ensure a fully-integrated ERP system complete with extensive project and contract management functionality as well as HR and local payroll capabilities. “We are very pleased to receive such a prestigious contract,” said Ian Fleming, Managing Director, IFS Middle East, Africa and South Asia. “We focus on EPCI and oil & gas industries and we have a number of renowned customers in these areas. Our solution fully supports these project-oriented sectors and IMCO’s choice further confirms our leading position in these markets.”
About IMCO Engineering & Construction
Established in 1970, IMCO started as a pioneer in the industrial electrical & instrumentation fields, serving the oil and power sectors in Kuwait. Today, it is one of the leading engineering and construction companies in the oil & gas, petrochemical, power & water sectors. The company offers services in project management, engineering, design, procurement, construction, maintenance, and project support.
About IFS
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 60 countries with 2,700 employees in total.