SCT, leading the e-engineering of the process industries, announced today that Valvoline, a division of Ashland Inc., has licensed the Fygir suite of SCT’s iProcess.sct as a supply chain management tool. Valvoline is a leading marketer, distributor and producer of quality, branded automotive and industrial products and services, and is a wholly owned division of Ashland, Inc., a Fortune 500 company. The contract has a total value of more than $4 million in license fees and services.
“In order to fully realize the business benefits of collaboration and the internet, it is essential to employ solid supply chain solutions,” said Jim O’Brien, president of Valvoline. “SCT’s Fygir suite of supply chain products will be an integral piece of the backbone supporting Valvoline’s e-business efforts. The solution will enable our company to be a leader in e-business technology by providing us with a view of our supply chain network, and allowing us to analyze, plan and react.”
Valvoline has licensed the Fygir Supply Chain Planning suite, a component of iProcess.sct, which includes capability for demand planning, supply chain optimization and plant scheduling. The agreement is an enterprise-wide license for use throughout the Valvoline Division, including their Lubricants, Chemicals, and Antifreeze facilities.
“In order to increase and strengthen supply chain relationships in an e-business environment, companies need to employ strong, underlying supply chain solutions that not only support the demands of a web environment, but also the unique requirements of their industry,” said Roy Zatcoff, president of SCT’s process industry solutions unit. “Because of our process industry focus, SCT is able to deliver supply chain solutions that enable process manufacturers to meet the fulfillment expectations generated by their e-business commitments. We are excited to welcome Valvoline into our customer base and look forward to being a part of their e-business vision.”
With sales in more than 140 countries, Valvoline is a leading marketer, distributor and producer of quality, branded automotive and industrial products and services. Registered in 1873, Valvoline® is the oldest name and trademark for a lubricating oil in the United States. Valvoline’s products include antifreeze, automotive chemicals, refrigerants, lubricants and oils. For more information, browse the Valvoline Web site at www.valvoline.com.
About Ashland Inc.
Ashland Inc. is a diversified company with operations in distribution, specialty chemicals, motor oil and car care products, and highway construction. Ashland also has equity interests in petroleum refining and marketing, and coal. A Fortune 500 company, Ashland has sales and operating revenues in excess of $6 billion per year, and is the market leader in most of its major businesses. Formed in 1924 as a regional petroleum refiner, Ashland now has sales in more than 140 countries and employs nearly 21,000 people worldwide. The company is based in Covington, KY. For more information, browse the Ashland Web site at www.ashland.com.
SCT offers iProcess.sct, a unique combination of e-business supply chain management solutions, to serve the special requirements of process manufacturers and distributors in industries such as food and beverage, chemicals, pharmaceuticals, and consumer packaged goods. The advantage of the iProcess.sct solution comes from its fundamental process industry functionality and the tight integration of the following components: SCT Internet Business Suite (including iOrder.sct), Fygir Supply Chain Planning Suite and Adage ERP Supply Chain Execution Suite.
SCT enables clients to achieve breakthrough results by leveraging their key relationships. Relationship leverage initiatives – from CRM and supply chain management to e-commerce and distance learning – require organizations to use information in fundamentally different ways. SCT’s unique and powerful relationship leverage solutions combine application software and services to deliver benefits rapidly. SCT operates globally, providing specific solutions for four industry markets: education; energy, utility & communications; process manufacturing & distribution; and courts and state & local government. SCT has more than 3,400 employees and serves approximately 2,500 clients worldwide. The company is headquartered in Malvern, Pa. For more information, browse the SCT Web site at www.sctcorp.com.
The matters discussed in this press release that are forward-looking statements are based on current management expectations that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Potential risks and uncertainties include, without limitation, Ashland’s financial condition; the extent to which Ashland ultimately determines to implement Fygir in its operations; the success of SCT’s e-solutions and SCT’s ability to deliver an industry-focused e-business solution; the impact on the Company of emerging areas such as the Internet, on-line services and electronic commerce; the timing of the receipt of software licenses; competitive and pricing pressures in the markets that the Company serves; the Company’s ability to develop and market innovative products and enhancements cost-effectively and on a timely basis; the Company’s ability to attract and retain highly skilled technical, managerial, sales and marketing personnel; general economic conditions; and other risks and uncertainties more specifically set forth in the Company’s filings with the Securities and Exchange Commission.