2020 strategy to take Bilfinger back to growth
By Ian Vallely21 February 2017
Bilfinger, the specialised in civil and industrial construction, engineering and services company based in Mannheim, Germany, has introduced its strategy 2020 and the associated implementation plan in a bid to return to profitable growth.
The company has bundled its services into two business segments: Engineering and Technologies (E and T) and Maintenance, Modifications and Operations (MMO).
In the E and T segment, services delivered by Bilfinger include the development and expansion of industrial plants, efficiency enhancements for plants as well as environmental technologies that reduce emissions.
In the MMO segment, the objective is to assume responsibility for maintenance, modification and operations processes on behalf of the customer. The goal is to make plants more efficient, secure a high level of availability and reduce maintenance costs.
CEO Tom Blades (pictured) said, “In our target industries, the number of plants is increasing and, at the same time, plants around the world are getting older and more maintenance intensive. We are bundling our own strengths more effectively so that we can profit from this development.
“We make plants fitter, strengthen their immune system and reduce costs. We are aligning ourselves with the needs of customers and combining international engineering with regional maintenance. With this strategy, we will grow profitably – and at a rate that is stronger than the market.”
Bilfinger is focusing its service on continental Europe, Northwest Europe, North America and the Middle East.
The company is also targeting six industries that offer the company the greatest potential for profitable growth: chemicals and petrochemicals, energy and utilities and, oil and gas, which together contribute more than 80 per cent of current sales volume.
Bilfinger is also focusing on pharma and biopharma, metallurgy and for the first time more intensively on cement.