SEOUL, May 24, 2012 - Siemens PLM Software, a leading global provider of product lifecycle management (PLM) software and services, today announced LS Mtron, Korea’s leading industrial machinery and components parts provider, credited the successful enterprise-wide deployment of Siemens PLM Software technology for greater product development efficiency and a 60 percent reduction in bill of materials (BOM) operation and development time.
“Siemens PLM Software’s technology enables us to achieve our goals of increasing the effectiveness of our data management and migration, reducing our bill of material errors, and creating a more collaborative environment for our team,” said Kyu Moon Kim, team leader, LS Mtron. “By investing in the leading PLM technology available in the market today, we have been able to reduce cost and time to market. This has helped LS Mtron to become a leader in our own industry and we plan to vigorously use Siemens PLM Software’s technology to become even more competitive in the global marketplace moving forward.”
LS Mtron, which has used various disparate PLM software offerings since 2005, began re-evaluating its PLM technology in an effort to fully integrate its product development and data management functions on a single platform to enhance efficiency. Following an extensive evaluation process LS Mtron elected to deploy Siemens PLM Software’s Teamcenter® software, the world’s most widely used digital lifecycle management system, and NX™ software, the company’s fully integrated computer-aided design, manufacturing and engineering (CAD/CAM/CAE) solution. The deployment of Siemens PLM Software’s open solutions across the entire company network enabled LS Mtron to manage all of its data from various sources on one platform.
LS Mtron uses Teamcenter to create an enhanced collaborative environment based on a single source of product and process knowledge which helped increase efficiency and reduce errors. In addition, the seamless integration between Teamcenter and the entire integrated NX portfolio helps LS Mtron shorten the product design cycle, improve product quality and reduce time to market. LS Mtron found that the robust functionality of NX and Teamcenter significantly enhances overall production efficiency.
“We are proud to work with a leading industrial machinery and high-tech company like LS Mtron,” said Chul Jung, country manager of Korea Operations, Siemens PLM Software. “Siemens PLM Software is committed to strengthening its relationship with LS Mtron and we look forward to actively supporting the company in its goal of achieving even greater productivity, by providing solutions that facilitate smarter decisions which lead to better products.”
LS Mtron is a leading industrial machinery and high-tech parts producer. In the industrial machinery field, it produces tractors, injection machines, and defense products. In the high-tech parts field, it produces electronic parts, electronic circuit materials, and ultra-capacitors. Amongst all the businesses, the tractor business is showing exceptional growth and performance. It has proven so by reaching sales of 100 million USD when it has only been 10 years since its first outreach to the global market. Not only is it leading the domestic industrial machinery area but also the high-tech parts area and expects to further expand into the global market.
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 7 million licensed seats and more than 71,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies, delivering open solutions to help them make smarter decisions that result in better products. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.
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 NX 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.