Joint Venture Contract signed between AVIC-BIAM and ESI Group
(Thomson Reuters ONE) -
Joint Venture Contract
signed between
AVIC-BIAM and ESI Group
Agreement to establish and operate
"AVIC-ESI (Beijing) Technology Co. Ltd."
Beijing, China - 30 May, 2013 - ESI Group, pioneer and world-leading solution
provider in Virtual Prototyping for manufacturing industries, announces the
signature of a Joint Venture contract with BIAM, the Beijing Institute of
Aeronautical Materials. Under the terms of the contract the parties agree to
establish and operate the Joint Venture company "AVIC-ESI (Beijing) Technology
Co. Ltd." to address the important needs of China's aerospace and astronautics
industries for Virtual Engineering. Signature of this contract completes actions
initiated by a strategic partnership agreement in June, 2011 and the signature
of a Joint Venture framework agreement in November, 2012.
BIAM, a core scientific Research Center of AVIC (the Aviation Industry
Corporation of China), is China's only institute for research in advanced
materials and manufacturing technologies for aeronautical applications. Through
its subsidiary BAIMTEC Material Co. Ltd it is also an important supplier of
titanium castings and other manufactured components to global companies
including Airbus, Boeing and Safran-Snecma.
Within the frame of the Joint Venture, BIAM's expertise in the manufacturing,
testing and characterization of advanced materials and components will
complement ESI's strengths in Virtual Manufacturing and Virtual Testing, to
support the enhancement and effective deployment of Virtual Prototyping.
Stated ambitions of the Joint Venture include providing leadership in the
application of Virtual Engineering for innovative product development and
serving as an example to other Chinese high technology enterprises.
The event marking the signing of the Joint Venture contract was held at BIAM's
principal establishment in Beijing and joined by an official representative of
the Ministry of Industry and Information Technology (MIIT) of China, by
representative Executives of many business units of AVIC, including AVIC
Foundation Technology Institute (AVIC TECH), BIAM, and by ESI Group.
Opening the proceedings, Dr. Dai ShengLong, President of BIAM reviewed the
evolution of the collaboration over the past two years and emphasized the
mission to "co-create up-to-date solutions based on innovative materials and
digital prototyping" and to "continuously generate new IP with commercial
potential". The purpose of the joint venture is not only to catch up but "to
leap ahead, propelled by virtual technology".
Dr. Alain de Rouvray, Chairman and CEO of ESI Group expanded on the theme of Dr.
Dai, noting that, in particular, ESI's global and strategic automotive customers
are in several important domains significantly ahead of the aerospace sector in
their use of Virtual Product Engineering, allowing them to spur innovation and
manage drastic reductions in product development costs and delays. "Our
commitment is to apply our expertise and global resources to achieve a world
leading position in delivering innovative digital based solutions, enabling
China's aviation sector to benefit from the best in class digital engineering
and then gradually influencing other industry sectors as needs emerge".
Then, Mr Rong Yichao, Chairman of the Board of AVIC TECH and President of AVIC
Foundation Technology Institute congratulated the parties on the formation of
the Joint Venture, especially as he recognized ESI as the leading CAE software
company in Europe. He highlighted that AVIC has a strategy to actively
participate in the global aviation industry chain, stating that "Our cooperation
with ESI is a big step forward towards this goal, and the Institute is ready to
support the Joint Venture in any manner that will assure its success".
Finally, Mr. Li BenJian, Deputy Director of the Equipment Manufacturing Industry
of MIIT likened the cooperation between AVIC-BIAM and ESI to two strong hands
joining together. He reminded the audience of the government requirement to
"quicken the combination of information technology and industrialization",
expressing the hope that the Joint Venture will "use and promote digital
technology to upgrade the present structure of the Chinese aviation industry".
He instructed AVIC to use the Joint Venture to set an example for other
industries to follow.
Subject to final approval of the relevant Chinese authorities, the business of
this new Chinese Joint Venture company, AVIC-ESI (Beijing) Technology Co. Ltd.
will include the commercial distribution of ESI's Virtual Engineering standard
software solutions; associated hardware for computation and immersive
visualization; related technical support services and validation engineering
studies. Also projects of "co-creation" will be defined that could allow
emergence of new solutions with a potential for distribution both in China and
through the global distribution network of ESI Group. The scope of activity will
be within the Aerospace and Astronautics industrial sectors and other related
and mutually agreed organizations to which AVIC-BIAM provides essential
materials and technology services.
The parties reaffirmed their conviction that their many technical synergies and
the spirit of team work evident since the signature of the strategic partnership
in 2011 give cause to believe that the new venture will rapidly prosper and will
bring sustainable success and concrete mutual benefit.
ESI Group has been directly represented in China since 2004 by a subsidiary
company and currently has offices in Beijing, Shanghai and Chengdu, and today
has customers in diverse industry sectors. In addition to activities that
support business in China, ESI China maintains a team in Shanghai that is
dedicated to development of advanced computer models for use in the automotive
industry for passenger and vehicle safety assessment, including human models and
crash barriers. ESI China will continue to develop independently its activities
in China outside the aerospace and astronautics sectors, and to address directly
the local needs of its global customers, most especially those in the ground
transportation and energy industries.
Dr Alain de Rouvray and Dr Dai ShengLong shaking hands during signature ceremony
- Beijing May 28(th), 2013
About ESI Group
ESI is a pioneer and world-leading provider in Virtual Prototyping that takes
into account the physics of materials. ESI boasts a unique know-how in Virtual
Product Engineering, based on an integrated suite of coherent, industry-oriented
applications. Addressing manufacturing industries, Virtual Product Engineering
aims to replace physical prototypes by realistically simulating a product's
behavior during testing, to fine-tune fabrication and assembly processes in
accordance with desired product performance, and to evaluate the impact of
product use under normal or accidental conditions. ESI's solutions fit into a
single collaborative and open environment for End-to-End Virtual Prototyping.
These solutions are delivered using the latest technologies, including immersive
Virtual Reality, to bring products to life in 3D, and real-time process
management solutions; helping customers make the right decisions throughout
product development. The company employs about 1000 high-level specialists
worldwide covering more than 30 countries. ESI Group is listed in compartment C
of NYSE Euronext Paris.
For further information, visit www.esi-group.com.
About BIAM and AVIC
BIAM is the most advanced materials research center in China and a key institute
of AVIC, the ultra large state-owned aerospace enterprise and investment
institution, authorized and managed by the Central People's Government. AVIC is
managed through 10 business units: defense, transport aircraft, aviation engine,
helicopters, avionics, general aviation aircraft, aviation research and
development, flight test, trade & logistics, asset management. It has nearly
200 subsidiaries and over 20 listed companies. For further information, visit
http://www.avic.com.cn/
For more ESI news, visit: www.esi-group.com/newsroom
Connect with ESI on Twitter, Facebook, and YouTube
News Release in PDF:
http://hugin.info/156812/R/1706059/564466.pdf
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originality of the information contained therein.
Source: ESI Group via Thomson Reuters ONE
[HUG#1706059]
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2013 - 20:38 Uhr
Sprache: Deutsch
News-ID 265122
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Town:
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Kategorie:
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