Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

Siemens, Covestro to Collaborate on Digitalization

Photonics.com
Jul 2018
MUNICH, July 5, 2018 — Electrification and automation technology developer Siemens AG and polymer materials manufacturer Covestro Deutschland AG have finalized a joint business development plan to provide further strategic reinforcement of their trust-based partnership of many years, particularly in the field of digitalization.

This agreement will focus on a variety of topics that extends from the continuous development of production technologies to piloting new ideas that contribute to shaping the digital landscape of both companies.

“This collaboration with Siemens generates added value for both companies,” said Klaus Schäfer, chief technology officer at Covestro. “We are combining the innovative forces of both companies to extend our lead in this time of rapid development.”

One focal point of the collaboration is to increase the availability of all assets in a plant and to give personnel on-site quick and meaningful decision-making tools for their work. The objective is to make the plants more reliable through proven products and innovative services and to be able to predict developments in the condition of a plant’s assets more reliably.

“I am very pleased with this new stage of our concerted collaboration with Covestro Deutschland AG,” said Eckard Eberle, CEO of Siemen’s process automation business unit. “By exchanging expertise, we can support plant operations and maintenance with the right information at the right time, particularly with smart data for production, plant equipment, and instrumentation.”

Siemens is developing predictive process data models for manufacturing, which, among other things, minimize breakdowns. Other developments include mobile devices for use in the field and software solutions that can communicate with process technology and with control and management systems. Covestro is introducing its process technology and production expertise to generate joint marketing solutions.


GLOSSARY
digital
Denoting the use of binary notation; i.e., the representation of data by bits (1 or 0).
BusinessSiemensCovestro Deutschlandcollaborationdigitalprocess technologymaterialsEurope

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.