CIMdata PLM Industry Summary Online Archive
17 November 2004
Implementation Investments
Bayer Extends Commitment to AspenTech's Engineering Solutions
Aspen Technology, Inc . announced that Bayer Technology Services (BTS), the engineering spin-off company of the Bayer Group, has extended its commitment to AspenTech's engineering solutions by signing a new multi-year software license agreement. BTS serves as the technological backbone of Bayer, a major global polymers, pharmaceutical and cropscience company. The new agreement provides BTS with worldwide access to key aspenONE Engineering and Innovation solutions including the modules for Simulation & Optimization, Conceptual Design, and Economic Evaluation. These solutions will help Bayer optimize process performance, reduce time-to-market and maximize returns from its manufacturing assets.
Bayer has been a long-time user of AspenTech's modeling solutions, which are established as the company's standard platform for the design and optimization of petrochemical, polymer and pharmaceutical plants. The solutions provide the company with an integrated suite to optimize the performance of processes through their entire lifecycle, from conceptual design, through operations, to de-bottlenecking and process improvement.
"AspenTech is a strategic supplier of software to Bayer and its engineering solutions play a key role in helping us to improve the returns from our plant assets," said Dr. Wolfram Wagner, Managing Director of Bayer Technology Services. "By adopting a 'lifecycle modeling' approach, we are able to extend the value of models beyond the design and engineering stages, and gain significant benefits in operations, where models can provide a vital tool to support decision-making. Using the solutions to capture process knowledge in a consistent set of models also enables us to drive internal collaboration and workflow efficiencies."
Bayer Technology Services provides Bayer's internal organization and external customers with a comprehensive range of technical services across the plant lifecycle. The new agreement is based on a token system, enabling BTS to improve its service delivery through flexible access to the full range of solutions. The agreement also makes provision for the forthcoming divestment of Bayer's chemical assets to a new company, Lanxess.
"Bayer and AspenTech share a similar vision of using process models to deliver value throughout the life of a manufacturing plant," said David McQuillin, President and CEO of AspenTech. "This new agreement will enable Bayer to extend its model-centric approach, applying AspenTech's integrated solutions to streamline internal processes, reduce capital investment costs and improve operational performance."
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