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Monday, 16 September 2019
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Markets & companies, Raw materials market

Alliance to secure industrial raw materials supply

Thursday, 9 February 2012

Twelve German companies have formed a collaboration to establish an alliance in order to secure the supply of industrial raw materials for German industry.

The alliance intends to build a powerful organization, which aims to improve the security of industrial raw materials supply in Germany.

Source: Cpro-Fotolia.com
The alliance intends to build a powerful organization, which aims to improve the security of industrial raw materials supply in Germany. Source: C...

The Federation of German Industry, BDI, recently announced that twelve German companies have formed a collaboration to establish an alliance in order to secure the supply of industrial raw materials for German industry. The twelve companies are: Aurubis, BASF, Bayer, BMW, Chemetall, Daimler, Evonik Industries, Georgsmarienhütte Holding, Bosch, Stahl-Holding-Saar, Thyssen Krupp and Wacker Chemie. "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. 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. "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. 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. In specific cases the raw material alliance will also be active with the extraction and processing of raw materials.

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