Samsung Engineering is speeding up its efforts to strengthen its technological competitiveness through digital innovation.
Samsung Engineering announced on Nov. 9 that it signed a memorandum of understanding (MOU) with AspenTech, a global company in process asset solution software, on "optimizing plant operations based on digital technology."
The signing ceremony was held by Samsung Engineering CEO Choi Sung-an and AspenTech CEO Antonio Pietri through an online video system.
AspenTech is headquartered in the United States and develops and supplies solution programs that optimize the lifecycle, including the design, operation and maintenance of process assets.
In particular, it is a leading company in this field with a combination of modeling technology and AI that it has accumulated for more than 30 years.
The main content of this agreement is to cooperate in optimizing the operation of the plant by utilizing AspenTech's digital solution program and Samsung Engineering's FEED (Basic Design) experience and capabilities.
The two companies have been recognized for their technical skills by applying them on a trial basis to major client sites last year, and they plan to expand the scope through this agreement.
Samsung Engineering expects to build a strong partnership by providing operating know-how using digital technology to its owner at plant sites built with the best EPC technology.
In addition, the company plans to gain the upper hand in the upcoming FEED (Basic Design) and EPC (Engineering Procurement Construction) projects based on trust from the client in Samsung technology in the mid- to long-term.
"We will secure competitive edge in carrying out our business through digital innovation based on technological competitiveness," a company official said. "Based on this, we plan to improve our ability and use it as a foundation for long-term sustainable growth."
