AVEVA Restructures Chinese Operations
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AVEVA Restructures Chinese Operations
Targeted operations to meet demands of increasing customer base
KUALA LUMPUR, Malaysia, October 14, 2005 - In a strategic initiative to
directly focus on the key industry sectors of marine, power, and process,
AVEVA (LSE: AVV) has restructured its Chinese operations into two
operational divisions. The move, a result of the high success and growth in
AVEVA’s process and marine businesses, will dedicate AVEVA’s VANTAGE
engineering solutions and personnel to the unique requirements associated
with each of these industry sectors, delivering solutions, support and
consultancy more effectively.
The two divisions will be run from AVEVA's Asia Pacific operation and
headed by:
Liu Xiao Bin, Vice President, for the Guangzhou-based China Process and
Power Division; and
Zhou Chun, Vice President, for the Shanghai-based China Marine Division.
The China Marine Division will be responsible for serving all aspects of
marine engineering and construction (including both shipbuilding and
offshore facilities), to organizations including:
China Shipbuilding Industry Corporation (CSIC),
China State Shipbuilding Corporation (CSSC),
China Ocean Shipping (Group) Company (COSCO),
their subsidiaries and subcontractors.
In parallel, the China Process & Power Division will service the needs of
the Power Design Institutes, process engineering companies and Plant Owner
Operators, including:
Sinopec,
China Power Engineering Consulting (Group) Corporation (CPECC)
China National Petroleum Corporation (CNPC),
China National Nuclear Corporation (CNNC),
China National Chemical Engineering Corporation (CNCEC),
their subsidiaries and subcontractors.
The move will uniquely position AVEVA to meet the complex requirements of
diverse organizations such as China National Offshore Oil Corporation
(CNOOC), who have both marine and process and power-focused subsidiaries.
Peter Finch, President of AVEVA’s Asia Pacific region stated: “We have
achieved our success in China from our attention to customer service. This
initiative will enable our Chinese team to continue delivering highly
focused implementation, support and consultancy services to both existing
customers and prospects in each of the major industry sectors. AVEVA’s
business in China is growing faster than any other region and our
industry-segmented divisions will ensure that growth is sustained. Liu,
Zhou and their respective teams bring the high level experience and
industry knowledge required to service the increasingly sophisticated needs
of our local and international clients in the region”.
About AVEVA Group plc
AVEVA Group plc is one of the world's foremost and fastest-growing
lifecycle engineering IT solutions and services providers to the oil and
gas, paper and pulp, power, chemical, pharmaceutical and shipbuilding
industries. Listed on the London Stock Exchange (LSE:AVV), the Group
reported, for the year ended March 2005, a growth in turnover of 51% over
2004. The Group has grown consistently since 1967 on the strength of
pioneering engineering technology that protects the information assets of
its customers from the volatile nature of the IT industry.
The Group's history of innovation spans five decades and has produced most
of today's major engineering IT technologies. Serving over 1500 clients,
AVEVA has a dominant position in many market sectors both on and offshore.
In May 2004, the Group acquired Tribon Solutions AB, the market-leading
shipbuilding solution company and now serves 85% of the world's top 20
shipbuilders.
The Group's clients include leading plant owner operators, shipbuilders and
engineering contractors such as 3M, ALSTOM Power, AMEC, BASF, China Huanqiu
Contracting & Engineering Corporation, Daewoo Heavy Industries, Daewoo
Shipbuilding & Marine Engineering (DSME), Dalian New Shipbuilding, Du Pont,
Electricité de France, Framatome ANP, Halliburton, Hanjin Heavy Industries,
Hitachi, Hudong Zhonghua Shipyard, Hyundai Heavy Industries, Kawasaki Heavy
Industries, Kawasaki Shipbuilding Corporation, Kvaerner, Merck, Mitsubishi
Heavy Industries, Mitsui Engineering & Shipbuilding, North-West Electric
Power Design Institute, Petronas Carigali, Samsung Engineering, Shanghai
Waigaoqiao Shipbuilding, Shell, Sinopec Engineering Incorporation, STX
Shipbuilding and Uhde.
Headquartered in Cambridge, England, AVEVA Group plc and its operating
subsidiaries currently employ more than 500 staff worldwide with offices in
England, Australia, China, France, Germany, Hong Kong, India, Italy, Japan,
Malaysia, Norway, Russia, Saudi Arabia, Singapore, Sweden, South Korea and
the USA.
About VANTAGE
VANTAGE, the collective name for AVEVA's four-family plant lifecycle
product suite, offers proven, integrated and versatile solutions for
engineering IT. Well known for its Plant Design Management System (PDMS),
it also addresses data management, project management, engineering design,
visualization, third party software integration, procurement and connecting
the business enterprise on a common foundation. VANTAGE represents AVEVA's
commitment to harnessing the best of technology to answer the needs of good
engineering and offers the engineering world's most advanced
globally-distributed project work solution. VANTAGE is developed upon a
proven and evolving technology that has been deployed on major global
projects for over 25 years.
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