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Global Press Releases
2020-01-22
LANXESS digitizes its global asset base
- Two thirds of all plants equipped with data analysis software TrendMiner, by Software AG
- Higher capacity utilization and lower costs
Cologne – LANXESS is driving forward the digitization of its production. The specialty chemicals company has implemented a self-service analytics system for time-series data in many areas of its global plant fleet. Almost two thirds of its roughly 120 plants were equipped with the self-service analysis platform TrendMiner from Software AG, including all major production sites in Germany, Belgium, the U.S. and India. Only smaller plants with less complex processes are not yet covered by the implementation.
With TrendMiner, production employees can autonomously analyze manufacturing processes and measurement data, detect patterns and trends in these data, and thus detect production irregularities. Typical applications include capacity increase, predictive maintenance, improvement of product quality or more efficient raw material and energy use.
More performance, lower costs
Jörg Hellwig, Chief Digital Officer of LANXESS, emphasizes the economic advantages for LANXESS. “The use of data analytics tools in production is a clear business case. Tests with TrendMiner have proven this. With the successful roll-out, LANXESS is now leveraging the optimization potential throughout the Group.”
In initial projects, LANXESS has significantly increased its capacity utilization in selected plants, optimized resource efficiency and reduced maintenance costs with the help of TrendMiner. In some cases, six-figure euro amounts were saved.
The digital transformation at LANXESS also serves to further develop employees. Hellwig: “Competences in the field of digital data analytics will be essential for chemists and chemical engineers in the years to come. With the training on TrendMiner, we are already making our employees fit for the future.”
Cooperation based on trust
Sanjay Brahmawar, CEO of Software AG, underlines the good cooperation. “We are thrilled with the outcome of the successful roll-out of TrendMiner to offer LANXESS end to end capabilities to drive their digital automation. Their openness and trust was the perfect basis for our intensive cooperation. LANXESS continues to break new grounds in the chemical industry with its products and innovation and we are proud to be a part of their digital transformation story."
LANXESS launched its digitalization initiative in 2017. To this end, the company has established a dedicated business unit. The key areas of activity of the initiative are the development of digital business models, the introduction of new technologies along the value chain, the development and use of big data and the embedding of digital skills among employees.
Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.
LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 57 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.
