Formosa Plastics Marine Selects ABS Nautical Systems

(Press Release)
Friday, December 16, 2011
ABS Nautical Systems announced that its fully integrated asset management software suite NS5 has been selected for trial by Formosa Plastics Marine Corp. (FPMC), part of the Formosa Plastics Group - the only privately owned Taiwan oil refinery and the second largest gasoline and gasoil producer in Taiwan. This new relationship marks the entry of ABS Nautical Systems into the Taiwan market and continues its expansion throughout Asia.
FPMC will evaluate several modules from the NS5 software suite through the ABS Newbuild Program including Maintenance & Repair, Hull Inspection and Drawings Management.  When making a decision to assess ABS Nautical Systems’ offerings, FPMC was particularly interested in the software’s capability for class integration with the ABS Eagle Survey Manager program. 
“With more than 40 of our vessels classed with ABS, integration was key and with this system we will be able to be in line with the most current class regulations through the Maintenance & Repair module,” said Chungkai Yen,  FPMC Marine Technical Engineer.  “We will also be looking to improve our overall efficiency and productivity, while reducing costs.”
The ABS Newbuild Program offers owners of ABS-classed vessels built after 1 January 2009 the option to receive the NS5 Maintenance & Repair, Drawings Management and Hull Inspection software licenses at no cost.
ABS Nautical Systems will be mobilizing an onsite team to work at FPMC’s offices to execute software implementation and staff training – an essential process given the company did not have a prior asset management software system in place. 
“We are pleased about our continued global expansion with our new presence in the Taiwan market,” said Karen Hughey, President and COO of ABS Nautical Systems. “From the foundation laid by ABS’ core classification services, we hope to continue to ‘raise the bar’ for FPMC’s operations through our products and services.”  
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