Good chemistry: Mays Chemical and Chemico Systems strike lucrative partnership.RESPONDING TO THE CONTINUED CHANGES IN THE AMERICAN AUTOMOTIVE MARKET, Bill Mays William Allen Mays (February 5, 1944) is a jazz pianist from Northern California who is normally referred to as "Bill Mays." He came from a musical family and at sixteen he became interested in jazz at an Earl Hines concert. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Mays Chemical Co. (No. 27 on the BE INDUSTRIAL/SERVICE 100 list with $152 million in sales), recently formed a joint venture with Pontiac, Michigan-based Chemico Systems Inc. to provide chemical management services outside of the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Launched in the third quarter of 2006, the 50/50 joint venture, named ChemicoMays, provides a host of services including oversight
Oversight may refer to:
v. dis·posed, dis·pos·ing, dis·pos·es v.tr. 1. To place or set in a particular order; arrange. 2. it," says Leon Richardson, CEO of Chemico Systems. Both companies bring something to the table in forming the venture. Mays Chemical, with more than 25 years of business experience, has a solid, well-established back-office operation and provides the financing and accounting activities. Chemico offers chemical management and field expertise. The joint venture will target educational institutions, food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and companies, auto manufacturers, and pharmaceutical and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. firms. With projected revenues of $35 million to $50 million in contracts, the company has the potential to land on the BE INDUSTRIAL/SERVICE 100 list. Chemico Systems, which opened its doors in 1989, manufactures nonhazardous materials for the automotive industry, primarily those used in the painting process. The company, for which Mays Chemical is a supplier, generated revenues of approximately $25 million in 2006. "We saw a lot of opportunities to grow, but we really didn't have the infrastructure to take advantage of those opportunities," says Richardson. "So I called Bill Mays up and I said 'I have some significant opportunities here, but I don't think [my company is] large enough to really take advantage of them. If we come together with your size and our [combined] market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , we can now go across the board with a market segment that we can work in and really work together.'" Mays agrees. "Where Mays' strength is food and pharmaceutical, we could utilize [Chemico's] expertise in the business and take some of the principles that would work in the automotive industry and apply them across the pharmaceutical and biotech area and even some of the educational institutions," he says. |
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