07 November 2011

Hyundai Heavy Industries Shipbuilding Division Presents Technology Innovation Award to Siemens PLM Software

SEOUL, Korea, and PLANO, Texas, November 7, 2011 - Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that Hyundai Heavy Industries (HHI) Shipbuilding Division, the world’s leading shipbuilder, recognized Siemens PLM Software with a technology innovation award for helping HHI enhance cost efficiency and optimize production planning which reduces time to market. HHI hopes to achieve a significant reduction in engineering man-hours through the use of Siemens PLM Software solutions.

HHI uses Teamcenter® software, the world’s most widely used PLM system, as the product data management backbone to automate the entire design process linking CAD drawings and technical data with bill of materials to help eliminate errors resulting from isolated design changes. Tecnomatix® software, the industry’s leading solution for digital manufacturing, helps HHI boosts manufacturing productivity through optimization. The use of Teamcenter and Tecnomatix allow HHI to operate a digital shipyard which simulates a full production environment to help reduce costly errors and enhance efficiency.

“We are thrilled to receive this award and to be able to contribute to the success of HHI, one of the world’s leading shipbuilding companies,” said Kyung Ryul Kwon, vice president and managing director of Korea operations, Siemens PLM Software. “HHI is one of the world’s first shipbuilders to deploy an enterprise wide PLM system so their successful implementation and strong return on investment will have an impact not only in Korea but in the shipbuilding industry around the world. Siemens PLM Software is proud to be HHI’s PLM provider of choice and we strive to continue to provide industry leading technology that brings value to our customers.”

In addition to its Shipbuilding Division, HHI is currently uses Siemens PLM Software’s solutions at various other divisions, including Construction Equipment, Engine & Machinery, and Electro Electric Systems.

About Hyundai Heavy Industries Shipbuilding Division

HHI Shipbuilding Division, the world's number one shipbuilder, leads the shipbuilding industry with 15 percent share of the market. HHI shipyard stretches over four kilometers along the coast of Mipo Bay in Ulsan, Korea. It has nine large-scale docks with seven huge ‘Goliath Cranes’, capable of building all types of ships to meet demands from its clients. Based on the biggest research manpower, it endeavors continuously to develop new shipbuilding technologies. Its major products include oil tankers, petrochemical tankers, bulk carriers, refined oil product tanker, container ships, car carriers, LNG/LPG/FPSO carriers, drill ships, special carriers, destroyers and submarines. HHI has delivered more than 1,593 ships to 258 ship-owners in 48 countries since 1972. www.hhi.co.kr

About Siemens PLM Software

Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 6.7 million licensed seats and more than 69,500 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies to deliver open solutions that help them turn more ideas into successful products. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

About the Siemens Industry Automation Division

The Siemens Industry Automation Division (Nuremberg, Germany) supports the entire value chain of its industrial customers – from product design to production and services – with an unmatched combination of automation technology, industrial control technology, and industrial software. With its software solutions, the Division can shorten the time-to-market of new products by up to 50 percent. Industry Automation comprises five Business Units: Industrial Automation Systems, Control Components and Systems Engineering, Sensors and Communications, Siemens PLM Software, and Water Technologies. For more information, visit www.siemens.com/industryautomation

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. Teamcenter and Tecnomatix are trademarks or registered trademarks of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.

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