Hyundai Motors Selects PTC Windchill® For Its
Drive and Power Train BusinessHyundai Motors
Selects PTC Windchill® For Its Drive and Power
Train Business
Aiming for global collaborative manufacturing
environment in manufacturing process innovation
and standardization.
|
Needham, MA - March 15, 2004 -
PTC® (Nasdaq: PMTC) today announced that Hyudai
Motor Company, the largest Automotive manufacturer
in Korea, has selected PTC as a PLM solution
provider for the Power Train Business Division.
This contract marks the second PTC Windchill
deployment for Hyundai Motor Company since its
application by the Ulsan Tooling Center in 2001.
Under the terms of the contract, PTC will provide
Windchill to Hyundai motors’ Drive and Power Train
Business Division. In addition, PTC and Hewlett
Packard together will provide the IT consulting
services for software implementation.
Hyundai Motor Company adopted the Windchill
solution for its Power Train Business division
(engines and transmission sector) before
incorporating the PLM system within the entire
company, as a part of its Collaborative Product
Development System (CPDS) PLM project. Hyundai
Motor Company has spent more than 24 months since
2001 with more than 100 participants to streamline
the process and evaluate the system before finally
selected PTC’s Solution- Windchill. The first
phase system implementation is scheduled from
March 2004 to November 2004.
Major objectives of the CPDS PLM project include:
- Maximization of research and development
productivity and process renovation.
- Strengthening of collaborative product
development capabilities.
- Reduction of manufacturing and development costs
as well as product development time, and securing
capability to cope with customer’s requirements.
“The PLM project at this time is a part of our
major efforts to maximize product development
productivity in order to be a world ‘top five’ car
manufacturer,” said Paeng Jung-Kook, EVP and CIO
of Information and Technology Center at Hyundai
Motor Company. “By making the most of the
Windchill solution, which is an outstanding PLM
solution from PTC, we aim to develop a successful
Collaborative Product Development System based on
partnership between Hyundai Motor Company and
PTC.”
“PLM system development for Hyundai Motor Company
using the PTC solution means that the importance
of the collaborative manufacturing environment is
being widely recognized by the traditional Korean
car manufacturing industry,” said Paul Cunningham,
PTC Executive Vice President of Sales. “Until now,
PLM solutions in Korea have been mainly adopted by
the electronics, electricity and some conglomerate
companies. The contract with Hyundai Motor Company
following wins with Toyota Motors in Japan,
Volkswagen in Germany, and First Autoworks in
China, shows that the world’s leading automotive
manufacturers are choosing the PTC PLM solution.
This solution delivery to Hyundai Motor Company
will help us maintain our leading position in the
Korean PLM market.”
About Hyundai-Motor Co.
Established in 1967, Hyundai Motor Co. has grown
into the Hyundai Automotive Group, which includes
Kia Motors Corp. and over two dozen auto-related
subsidiaries and affiliates. Employing nearly
50,000 people worldwide, Hyundai Motor posted
US$21.94 billion in sales in 2002. Hyundai motor
vehicles are sold in 166 countries through 4,504
dealerships and showrooms. Further information
about Hyundai Motor Co. and its products is
available on the Internet at
http://www.hyundai-motor.com
About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports
software solutions that help manufacturers win
with superior products. PTC is the world’s largest
software company with a total commitment to
product development. The company services more
than 33,000 customers worldwide. Further
information on PTC is available at
http://www.ptc.com.
|
|
|
SEARCH
|
|
|
MARKETPLACE
|
|
|
|
|
|
|
|
DISCUSSION FORUMS
|
|
|
|
