German Chemical Major Covestro, leading manufacturer of high-tech polymer materials, is running a digitalization program for engineering, operations and maintenance activities: “OSI2020” (Optimized System Integration). Within this program, Covestro has awarded Larsen & Toubro Technology Services (LTTS), a listed subsidiary of Larsen & Toubro (L&T) Limited, multi-million dollar contract to implement digitalization based Engineering Programs across Covestro’s eight global locations, especially in the area of data migration. L&T Technology Services is a global leading pureplay ER&D services company.
Covestro has also embarked upon another strategic initiative to harmonize their Global Engineering Standards & Practices to increase efficiency of Capital Investment Projects. LTTS is the preferred partner to assist Covestro in defining, developing and maintaining these standards in line with global practices. This will include updating & improving engineering standards & specifications backed up with knowledge management & cognitive learning tools.
“LTTS has a proven track record of delivering innovative solutions, processes, and technologies for enterprises across the globe. Their engineering experience in executing global projects will help Covestro to achieve the best-in-class Standards to execute projects. Our objective is to be prepared by having a comprehensive contract defining the full scope of work, meeting the requirement for different project phases and execution strategies such as FEL3, EPCM, EPC, etc. With these initiatives, we will optimize our project costs, timelines to ensure reliable and safe operations,” commented Ferry Feldbrugge, Head of Global Projects & Engineering and Global Technical Contracting, at Covestro.
“It is our privilege to enter into this engineering partnership with Covestro, the world's leading supplier of high-tech polymer materials, and work with them on solutions that will benefit Covestro’s strategic vision. These programs will drive Covestro’s digital transformation and standardization journey across the globe. We look forward to leveraging our unique technology capabilities and our domain expertise in plant engineering and asset management to assist Covestro in achieving its objectives of Efficient Production and Engineering Excellence,” said Amit Chadha, President Sales & Business Development and Member of the Board, at LTTS.