Corporate | 2 April 2009 10:54
PSI Aktiengesellschaft / Contract
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PSI Awarded Contract in Steel Sector from SMS Siemag for India
Steel works Production planning system for VIZAG Steel
PSI has been contracted by SMS Siemag, a company in the SMS Group, with
providing planning modules from the industry sector solution PSImetals for
the Visakhapatnam Steel Plant (VIZAG Steel) which is under construction.
These will be integrated in the Level 3 solution of SMS Siemag. The object
of the contract is the planning of all the systems from the
desulphurisation through the converter, secondary metallurgy and continuous
casting plants with the aim of optimising the throughput.
SMS Siemag supplies entire plants and single components for ironworks and
rolling mills. The Visakhapatnam (VIZAG Steel) steel plant belongs to the
Rashtriya Ispat Nigam Ltd. and by the end of 2011 will have expanded its
capacity from the current 3 million tons to 6.3 million tons by means of
building a second steel mill.
With this contract PSI has succeeded in entering the high-growth Indian
steel industry. In 2007 India was the fifth largest steel producer in the
world. The Indian government plans to double steel capacity to about 110
million tons by 2020.
PSI AG develops and integrates complete solutions, on the basis of its own
software products, for the management of energy networks (electricity, gas,
oil, heat, water), cross-company production management (metals, automotive,
mechanical engineering, logistics) and infrastructure management for
telecommunications, transport and safety. PSI was founded in 1969 and
employs more than 1,100 persons in the group. www.psi.de
PSI AG
Karsten Pierschke
Investor Relations und Kommunikation
Dircksenstraße 42-44
10178 Berlin
Deutschland
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de
02.04.2009 Financial News transmitted by DGAP
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Language: English
Issuer: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin
Deutschland
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE0006968225
WKN: 696822
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
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