OSLO – October 16th 2018 – Camo Analytics, the leader in industrial analytics, today announced a new strategic partnership between ChemChina and Camo Analytics. Improving quality and efficiency in one of the worlds biggest chemical companies is the overall purpose with the new partnership. As part of an enterprise wide digital transformation process the Chinese world leader wants to build an analytics platform for its operating facilities.
New strategic partnership and a long-term co-innovation strategy aims at improving product quality and competitive edge at ChemChina and it’s subsidiaries including Elkem, Syngenta and Pirelli. China National Chemical Corporation, commonly known as ChemChina, is a chemical company with a revenue of 45 billion USD delivering agrochemicals, rubber products, petrochemical processing and more.
The new partnership focuses on utilizing Camo’s industrial analytics platform in production facilities worldwide as part of a continuous improvement program headed by ChemChina’s Digital team. Camo Analytics contributes with domain expertise in the chemical industry and a scientific and proven approach to data analytics. Pilot projects are already in progress in several facilities at ChemChina.
Camo Analytics will implement and deliver a industrial data analytics platform combined with data science expertise across multiple production facilities operated by ChemChina.
“We are proud to be selected to fuel the digital transformation at ChemChina through our approach to analytics,” says CEO Raman Bhatnagar from Camo Analytics. “In our view it is a fantastic opportunity to work with such a great partner, and we are committed to drive valuable contributions in efficiency and quality. The long term perspective and the truly enterprise wide scope in this partnership is a bold and visionary starting point, but the proof point is the impact and value creation that we will bring to the daily operational workflow of these process plants.”
The partnership will manifest itself in co-created applications to be adopted by different organizations in ChemChina. Examples could be the utilization of Camo Analytics’ Process Pulse, which is the platform hub for real-time process monitoring and quality control, or embedded analytical engines which can be used for Industrial IoT and integrated directly into advanced sensors providing edge analytics.
China National Chemical Corporation (ChemChina) is China’s largest chemical company ranking the 167th among Global Fortune 500 enterprises. It has 160,000 employees, of whom 83,000 work overseas. It’s assets totals approx. USD 55 billion, with sales revenue reaching approx. USD 45 billion. ChemChina specializes in six business segments: New chemical materials & special chemicals; basic chemicals; oil processing; agrochemicals; tire & rubber products; chemical equipment. The company has production bases, R&D bases, and full-fledged marketing networks in 150 countries and regions. Specifically, it has six specialized companies, four directly-affiliated units and 92 production and operation enterprises. By the end of 2016, ChemChina had been granted 10,800 valid patents, with invention patents accounting for 76%.