Nucor Forges Partnership for Enterprise Asset Management

Nucor Steel Decatur chooses IFS for its North American steel plant; plans to increase asset availability, improve efficiency and reduce asset lifecycle costs

Chicago — June 28, 2006 — IFS, the global enterprise applications company, announced today that Nucor Steel Decatur LLC, which is a division of the largest steel producer and recycler in the United States, has signed a contract to implement IFS Applications 7 business software. The Alabama facility becomes the second Nucor plant to switch to IFS Applications. Nucor's plant in Jewett, Texas, went live with an IFS business solution in 2005.

"IFS Applications gives us a solid enterprise asset management solution that will enable us to increase asset availability, improve efficiency and reduce asset lifecycle costs," said Chad Potter, division controller for Nucor Steel Decatur. "The IFS solution will provide much greater visibility to key business information throughout the enterprise, enabling us to improve ongoing business operations."

The process industry is one of IFS' seven targeted markets. IFS Applications for the metals industry provides support critical business processes, including reliability-centered maintenance (RCM), overall equipment effectiveness (OEE), plant design, maintenance management, standardized real-time automation integration, order handling, manufacturing management, quality management and demand planning. The application suite includes a complete asset and product lifecycle management solution.

"We're delighted that Nucor has chosen to build on its success at the Jewett, Texas, plant by deploying IFS Applications at a second facility," said Cindy Jaudon, president and CEO of IFS North America. "Our integrated solution will give them the agility they need to meet the demands of increasing global competition while exploiting new business opportunities."