thyssenkrupp Industries India and Valmet Join Forces for IIoT 4.0 Industrial Automation
thyssenkrupp Industries India and Valmet have recently entered into a cooperation agreement aimed at selling and distributing process automation systems in the energy sector and process industries, including sugar, fertilizers, petrochemicals, and metals. The agreement covers the Indian market as well as other countries. The official contract signing ceremony took place on June 26th, 2023, at the Embassy of Finland in New Delhi, India.
The collaboration between the two companies will primarily focus on projects managed by thyssenkrupp, with the initial phase scheduled to span eight years. Leveraging their individual strengths and expertise, thyssenkrupp and Valmet intend to deliver exceptional control and automation solutions, establishing a robust portfolio of Industrial Automation offerings within the IIoT 4.0 domain.
Beyond the cooperation on Valmet DNA Distributed Control System, the partnership between thyssenkrupp Industries India and Valmet extends to technology innovation, business model development, and customer service. Both organizations share a commitment to becoming preferred brands by providing value and premium solutions to their customers. thyssenkrupp Industries India also emphasizes its dedication to expanding its service offerings for both domestic and global customers through the development of new solutions.
Commenting on the agreement, Vivek Bhatia, Managing Director & CEO of thyssenkrupp Industries India, said, “We are pleased to provide our customers with a control system that seamlessly integrates with our equipment. Our collaboration with Valmet, a recognized technology leader in this field, brings us great satisfaction. This partnership aligns perfectly with our strategy of enhancing the automation and digital capabilities of our products as we bring them to the market.”
Abhay Patil, Director – Energy Division at thyssenkrupp Industries India, said, “By partnering with Valmet as our technology ally, our main objective is to bring long-term value and exceptional benefits to our esteemed customers. Through this collaboration, our aim is to enhance operational efficiency for all our customers, ensuring they reap maximum benefits from our offerings.”
Pekko Luumi, Automation Partner Business Director, Energy and Process Systems, Automation Systems Business line at Valmet, “thyssenkrupp and Valmet have offerings that work together perfectly, providing unmatched value to our end customers. This agreement is a significant milestone for Valmet’s Automation Systems as it helps us expand our market presence in India and solidify our position.”
Varun Jain, Director, India Region, Asia Pacific at Valmet, stated, “Valmet is working towards expanding its presence in the energy sector by leveraging different technologies and partnerships. The strategic agreement with thyssenkrupp will enhance Valmet’s automation business in India and other countries. Additionally, this solution will set us apart from other automation providers and contribute to the creation of new technology job opportunities in India. This partnership marks an initial step, and we are excited about the potential to expand into other complementary areas in the future.”
