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KPIT joins German consortium Industrie-Gemeinschaft Aerosole e.V.

Posted On: 2018-09-12 13:23:47

KPIT Technologies (BSE: 532400; NSE: KPID, a global technology company specializing in IT consulting and product engineering, today announced becoming the first System Integrator (SI) in the aerosol industry to earn the membership of the Industrie-Gemeinschaft Aerosole eV. (IGA) [Industrial Community Aerosol] consortium in Germany. The membership demonstrates KPIT's unparalleled expertise in technologies such as MES (Manufacturing Execution Systems) and Analytics for the aerosol industry.

KPIT combines extensive manufacturing industry experience with expertise in engineering and digital technologies to help clients in their journey towards excellence in manufacturing - from product design, production and supply chain, to process efficiency and regulatory compliance. KPIT offers services, solutions, and pre-packaged accelerators across these key areas - Product Lifecycle Management (PLM), Smart Manufacturing, Connected Products, Asset Management, and Supply Chain Optimization.

The IGA association, formed in 1958 currently has 67 members and represents the common interests of organizations in the aerosol industry, including manufacturers of tinplate or aluminum cans and valves a'swell as suppliers of the ingredients contained in aerosols.

KPIT was selected for successfully implementing a technology solution for a large global packaging company in the aerosol industry, which is also a member of the consortium. It provided the customer with Manufacturing Execution System solution to enable real-time shop floor visibility and automate reporting. The project work included integration with upstream business systems and enabling data management capabilities. The implementation resulted in delivering an improved stakeholder experience from shop floor to top floor, increased productivity, improved manufacturing efficiency and enhanced throughput. The synchronized production plans, made manufacturing process flexible with reusable templates, and allowed systematic and on-demand quality planning and execution while ensuring continuous quality improvement plan across the enterprise.

Probodh Chiplunkar, Head of Digital Business at KPIT said, "We are delighted to become part of the IGA forum. KPIT brings scalable digital solutions to help our customers in the aerosol industry modernize, innovate, and transform their business. From Industry 4.0 solutions using Automation, Simulation, and Connected & Smart Manufacturing capabilities to using digital technologies such as Cognitive, AI, ML, AR & VR, and Analytics integrated with enterprise systems, we positively impact the manufacturing value chain for our clients and help them build new business models.

KPIT is also participating at the FEA Global Aerosol Events 2018 scheduled from October 4-5 in Dusseldorf, Germany, where it will showcase its solutions in MES. The annual forum focuses on promoting the aerosol business in Europe's second-biggest aerosol producing country.

Shares of KPIT Technologies Limited was last trading in BSE at Rs.306.6 as compared to the previous close of Rs. 309.75. The total number of shares traded during the day was 67608 in over 1091 trades.

The stock hit an intraday high of Rs. 311.7 and intraday low of 305.4. The net turnover during the day was Rs. 20879322.


Source: Equity Bulls

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