ICG Consulting has excellent experience in analysis of existing and prospective technologies as well as in the search for the appropriate (optimal) technologies for our clients.

Case study

Challenge: A chemical producer from the Eastern Europe decided to restructure its business – with the key goal to transform from commodity chemicals producer into a high added value chemicals supplier. They wanted to increase the role of a specialty chemicals division – in particular to redirect commodity chemicals (produced with the company) from market deliveries to captive use for specialty chemicals production.

Approach: ICG suggested to a client a multi-stage approach for a new strategy development, assessment and implementation.

Technology analysis & search was done at stage 5 – with the key goals: a) to split the client’s existing technologies into 2 categories – those that may be upgraded/modernized, and those out-of-date that have to be replaced completely; the split was done based on comparison of technologies with those used at competitors’ side as well as in terms of their economic efficiency and material costs; b) to find newer technologies for replacement of out-of-dates ones; to find suppliers of technologies/equipment as well as of upgrade solutions; c) preliminary assessments for new/upgrade technologies – in terms of the required investments, financial efficiency, timeframe required for replacement/upgrade

Value: A complex development strategy was developed for a client – including a) recommendations for upgrade and replacement of the client’s technologies, and b) recommendations for modernization of the client’s existing assets, including feasibility study for such programs.