12 Companies Collaborate to Secure Commodity Supply of Industrial Raw Materials for German Industry

The Federation of German Industry, BDI, recently announced that twelve German companies: Aurubis, BASF, Bayer, BMW, Chemetall, Daimler, Evonik Industries, Georgsmarienh眉tte Holding, Bosch, steel holding Saar, Thyssen Krupp and Wacker Chemie have formed a collaboration to establish an alliance in order to secure the supply of industrial raw materials for German industry.

"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 on Monday in Berlin on the sidelines of the first meeting of the corporate supporters that accompany the start-up phase. The foundation phase is supported free of charge from the Boston Consulting Group, Egon Zehnder, Lovells and PricewaterhouseCoopers.

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. Priorities of the alliances 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.

The managing director of the alliance is Member of the Board of Management of E.ON Energie AG, Munich, Germany - Dierk Paskert. The BDI is developed under the direction of Grillo, the concept for the Alliance. "The companys focus will be on raw materials for which there are strong supply risks for German industry" said Grillo, BDI Vice President.

"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. In specific cases the raw material alliance will also be active with the extraction and processing of raw materials.

About BDI

The BDI communicates the interests of German industry to those in positions of political responsibility all over the world. In this way it supports enterprises engaged in global competition. The BDI commands a wide network in Germany and Europe, in all important markets and international organizations. The BDI provides political back-up for the opening up of international markets. And it offers information and economic policy advice on all topics relevant to industry. In the BDI committees over 1.000 representatives of business enterprises and associations working in an honorary capacity draw up positions on economic policy.