Cimdata Logo

Industry Summary Articles

Monday, November 05, 2018

Covestro Chooses Hexagon as a Digital Transformation Partner

Covestro, a world-leading supplier of high-tech polymer materials, has chosen Hexagon’s PPM Division as a technology partner to facilitate the digitalization of the engineering and operations landscape. To achieve this, the company purchased Hexagon’s 2D/3D design tools and information management solutions, as well as construction and supply chain management products. 

Covestro has identified several challenges related to its existing asset documentation management, such as duplicated data entry, delayed information exchange between engineering disciplines, manual work efforts, as well as insufficient possibilities for data analysis, thereby increasing costs. By digitalizing its asset information, which will be one of the steps toward becoming a fully digital enterprise, Covestro expects to overcome these challenges and realize multiple benefits across all lifecycle stages. 

Covestro selected Hexagon as its technology partner because of the next-generation information management offering that enables integration with design tools and easy access to accurate and up-to-date plant documentation. In addition, many of its engineering, procurement and construction (EPC) companies use Hexagon technologies in their daily work.

Hexagon solutions will be used in a selection of Covestro’s current engineering projects and in the maintenance and operations work in the future as a part of the digitalization program for engineering, operations and maintenance activities, “OSI2020” (Optimized System Integration).

Stephan Krebber, program director for digitalization of production & technology, OSI2020, said, “Our OSI2020 program aims to implement digitalized plant operations by 2020. We chose Hexagon PPM as one of our digital transformation partners for the IPEP (integrated plant design and engineering platform) project to help us to digitalize our work processes and asset information.”  

Mattias Stenberg, President, Hexagon’s PPM division, said, “We at Hexagon are honored to become a digital transformation partner for Covestro and are certain that together we will realize the benefits of digitalized plant operation.”

Hexagon PPM Technical User Forum (TUF) LinkedIn groups provide an online discussion forum for year-round networking between users. To learn more about Hexagon solutions and network with users, visit hexagonppm.com/technical-user-forums.

For more information about Covestro’s digitalization project, attend the upcoming webinar Digitally Transforming the Process Industry: The Covestro Case, taking place on November 23, 2018. Register here: https://hxgn.biz/2QXY2zb

 

To view the original press release, please click here.

Search for Hexagon on CIMdata.com

r
ipad background image

Featured Cimdata Reports

ipadcontent
PLM-Enabled Digital Transformation Benefits Appraisal Guide

The Guide is designed to help potential PLM users evaluate the applicability and payoffs of PLM in their enterprise, and to help existing users of PLM monitor the impact it is having on their product programs.

ipadcontent
PLM Market Analysis Reports

The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions and industry sectors, and historical and projected data on market growth.

ipadcontent
PLM Market Analysis Country Reports

These reports offer country-specific analyses of the PLM market. Their focus is on PLM investment and use in industrial markets. Reports cover Brazil, France, Germany, India, Italy, Japan, Russia, South Korea, the United Kingdom, and the United States.

ipadcontent
Simulation & Analysis Market Analysis Report

This report presents CIMdata’s overview of the global simulation and analysis market, one of the fastest growing segments of the overall product lifecycle management market, including profiles of the leading S&A firms.

ipadcontent
CAM Market Analysis Report

This report presents CIMdata’s overview of the worldwide CAM software and services market. It also includes a discussion on the trends in the CAM industry and updates on the top CAM solution providers.