Peter Finch News

AVEVA (LSE:AVV) announced a significant new contract win with Hyundai Heavy Industries (HHI), further increasing its investment in AVEVA solutions. HHI has fully utilised AVEVA solutions since 1988. It has based its engineering and design on AVEVA solutions for the production of its commercial, offshore and special ships. With increasing offshore projects, Hyundai Heavy Industries (HHI) is further expanding its usage of AVEVA’s 3D design. ”We have a strong working relationship with AVEVA, as demonstrated with our past strategic partnerships.

AVEVA, a supplier of engineering IT solutions for the process, power, and marine industries, signed a contract to provide its design and production solutions to New Century Shipbuilding (NCS). The contract means that two of the fastest-developing, non state-owned, local shipbuilding forces in China have now signed up to and are benefitting from AVEVA’s marine solutions. NCS, located southeast of Jingjiang, will utilise AVEVA’s software to enhance its shipbuilding capabilities on its latest project – the design and manufacture of a 4250TEU Container Ship prototype, for which delivery is expected in 2007. The software will enable NCS to improve its design processes, precision management, and coordination between hull, outfitting, design and fabrication. Mr.