KUALA LUMPUR, Malaysia, July 23 /PRNewswire-FirstCall/ -- AVEVA (LSE:AVV), the leading supplier of engineering IT systems for the plant and marine industries, is proud to announce that Korean shipbuilder, SPP Shipbuilding, has signed a multi-million USD agreement with AVEVA for the supply of AVEVA Marine design solutions to the company's three shipyards.
SPP Shipbuilding was established in Tongyoung, Gyeongnam in 2002 and has rapidly become a top-tier shipbuilding company for the construction of product and bulk carriers.
SPP, ranked the 10th largest shipyard in the world in terms of CGT (approx. 2.8 million CGT), will increase capacity to build 41 ships per year by the end of this year with the opening of its third yard in Sacheon, rising to 100 ships per year by 2010. SPP currently has the capacity to build 12 ships per year with shipyards based in Tongyoung and Gosong, Korea.
YongHee, Nam, Managing Director, SPP Shipyard, said:
"With plans to increase capacity and to enter the niche chemical and oil tanker markets, we need the complete set of integrated marine design and production applications combined with open and flexible lifecycle management solutions that AVEVA provides to ensure the most productive, risk-free way to design and build ships."
Peter Finch, President, AVEVA Asia Pacific, said:
"SPP has four years of order backlogs. Completing orders on time is vital in today's ultra-competitive market. AVEVA Marine solutions incorporating our Product Lifecycle Management (PLM) solution tailored for shipbuilding, AVEVA NET, will assure quality design plus accurate and complete production information that will save man-hours, minimise waste and rework, and maximise the use of production facilities."
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.
http://www.aveva.com/marine
For further information, please contact:
Youli Hooi
AVEVA Asia Pacific
Tel: +603-2176-1234
youli.hooi@aveva.com
SOURCE AVEVA Group Plc
International News / Press Release source: PR Newswire
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