Siemens and Covestro strengthen strategic partnership as part of digitalization
Siemens AG and Covestro Deutschland AG have concluded a Joint Business Development Plan to provide further strategic reinforcement of their trust-based partnership for many years, particularly in the field of digitalization. This is based on the corporate ethos of the two companies which is both innovative and geared towards sustainability. The agreement, therefore, helps make life simpler and safer through continuous improvement and future-oriented products.
The variety of topics is exceptionally broad and extends from the continuous development of production technologies to piloting new ideas which contribute to shaping the digital landscape of both companies.
Dr. Klaus Schäfer, Chief Technology Officer, Member of the Executive Board, Covestro Deutschland AG:
“This collaboration with Siemens generates added value for both companies. 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.
New analytical methods are now available using Siemens’ open,
Siemens’ data analytics and simulation methods. On this basis, the partnership will examine various applications and evaluate, for instance, the benefit to be gained from correlating data for production.
Eckard Eberle, CEO of the Business Unit Process Automation, Siemens AG: “I am very pleased with this new stage of our concerted collaboration with
Siemens is developing predictive process data models for manufacturing which, among other things, minimize breakdowns; other developments include mobile devices for use in the
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