AVEVA signs strategic alliance MOU with SEDIN Engineering
|Leader in Chinese chemical industry establishes new technology pioneer relationship
Beijing, China - 26 September 2012: AVEVA (LSE:AVV), today announced that it has signed a Memorandum of Understanding (MOU) in Beijing with SEDIN Engineering Company Limited(SEDIN) which defines a new strategic alliance between the two companies.
The MOU will position SEDIN as an AVEVA technology pioneer in the China chemical industry. SEDIN will gain early visibility and access to new AVEVA software technology, in exchange for its valuable feedback towards current and future product development plans. The new relationship offers SEDIN a first mover competitive advantage, ?setting the pace' for the industry, and AVEVA benefits from their extensive operational and industry expertise.
Working together on a number of new business opportunities and projects, AVEVA and SEDIN will develop a chemical-specific engineering software solution platform, ensuring applications are compliant with local regulatory requirements while adopting global industry best practice.
"SEDIN has valuable experience using AVEVA PDMS that has already helped them to achieve many business benefits", said Paul Eveleigh, AVEVA Executive Vice President for Greater China. "Our existing successful relationship makes SEDIN an ideal choice to be an AVEVA technology pioneer with its profound industry influence and position. We look forward to expanding our working relationship with SEDIN and are confident we can help our customer meet their challenging technical and business objectives utilising AVEVA's engineering design and enterprise solutions. This is an enhanced cooperation with SEDIN, taking advantage of their business process expertise and our software technology excellence. This will bring a new level of information management and Integrated Engineering & Design efficiency to the Chemical industry in China."
SEDIN Engineering co., Ltd (former Second Design Institute of Chemical Industry) was founded in 1958 and is a member of the state-run China National Chemical Engineering Group Corporation (CNCEC). SEDIN as an EPC company is well known in the domestic chemical design sector, and has its expertise and technical advantages in many fields including CTL (coal to fuel), coal gasification, coal chemical engineering, inorganic chemical engineering, pharmaceuticals and pesticides, environmental protection, geological survey, etc.