Press Releases
AVEVA Marine solutions choice for C& Heavy Industries
10 March 2008AVEVA (LSE:AVV), the leading supplier of engineering IT systems for the plant and marine industries, is proud to announce that South Korean shipbuilder, C& Heavy Industries Co. Ltd. has signed a multi-million USD agreement with AVEVA to purchase AVEVA Marine solutions.
C& Heavy Industries, part of the C& Group, is based in Mokpo City, South Korea. The company will be using AVEVA Marine solutions in the building of 81K DWT Panamax Bulkers and will gradually introduce the software for high-value-added ships after 2010. C& Heavy Industries has the capacity to build 18 ships a year with an additional six a year after 2010. The company was recently awarded a contract to build six bulkers worth USD550 million from two shipping companies based in Asia and Europe.
ChangGoo Kang, Director of Design Division, C& Heavy Industries, said:
"We chose AVEVA's Marine solution as it offers us a set of productivity tools that optimizes all the stages of shipbuilding, from planning, design and construction through to maintenance."
Peter Finch, President, AVEVA Asia Pacific, said:
"In the shipbuilding industry where new players are coming up aggressively, shipyards need to retain their competitive edge by combining integrated design tools and PLM engineering-production systems to streamline processes and cut costs. This can be achieved with AVEVA Marine solutions"
For further information, please contact:
Youli Hooi
AVEVA Asia Pacific
Tel: +603 2176 1234
youli.hooi@aveva.com
About AVEVA Marine solutions
AVEVA Marine combines two 'best in class' solutions - the industry-standard Tribon range and AVEVA's unique object-based technologies - to form the ultimate set of marine design and engineering tools. Combining these proven capabilities and adding numerous productivity-enhancing new features, AVEVA Marine offers risk-free business advantage in a competitive industry. www.aveva.com/marine
About C& Heavy Industries
C& Heavy Industries is based in Mokpo-si, South Korea. The company employs over 1,500 workers with a facility covering 26,714m2. Currently it builds LR and MR Product Oil Carriers, Panamax Bulk Carriers and Handymax Bulk Carriers. http://www.cnhi.co.kr/
About AVEVA Group plc
AVEVA Group plc is one of the world's foremost and fastest-growing lifecycle engineering IT solutions and services providers to the oil and gas, paper and pulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on the London Stock Exchange (LSE:AVV), the Group reported pre-tax profits for the year ended March 2007 of GBP 24.7 million on revenues of GBP 94.9 million. The Group has grown consistently since 1967 on the strength of pioneering engineering technology that protects the information assets of its customers from the volatile nature of the IT industry.
The Group's history of innovation spans five decades and has produced most of today's major engineering IT technologies. Serving over 1600 clients, AVEVA has a dominant position in many market sectors both on and offshore. In May 2004, the Group acquired Tribon Solutions AB, the market-leading shipbuilding solution company and now serves 85% of the world's top 20 shipbuilders.
The Group's clients include leading plant owner operators, shipbuilders and engineering contractors such as Aibel, Aker Kvaerner, ALSTOM Power, Andritz, Areva NP, BAE Systems, BASF, BP, CB&I, Chevron, China National Nuclear, China Power Engineering Consulting Group Co. (CPECC), CNOOC Offshore Oil Engineering, Daewoo Shipbuilding & Marine Engineering, ExxonMobil, Hyundai Heavy Industries, Jacobs, Mitsubishi Heavy Industries, Petrofac, Product Services Network (PSN), SBM, Shell, Sinopec Engineering, SNC-Lavalin, TKMS - ThyssenKrupp Marine System, Uhde, VT Shipbuilding, Wood Group (Alliance & Mustang) and Worley Parsons.
Headquartered in Cambridge, England, AVEVA Group plc and its operating subsidiaries currently employ more than 700 staff worldwide with offices in England, Australia, Canada, China, Dubai, France, Germany, Hong Kong, India, Italy, Japan, Malaysia, Mexico, Norway, Russia, Saudi Arabia, Singapore, Sweden, South Korea and the USA. http://www.aveva.com/
© AVEVA Solutions Ltd and its subsidiaries 2008. All product names mentioned are the trademarks of their respective holders.
