1. (valid email required)
 

cforms contact form by delicious:days

LG Chem Saves $4M Annually Using AspenTech’s aspenONE Advanced Process Control Solution

January 26, 2010

AspenTech Software and Services Implementation Also Helps Korea’s Largest Chemical Company Achieve Operational Excellence Goals

BURLINGTON, Mass. – January 5, 2010

Aspen Technology, Inc. (OTC: AZPN.PK) today announced that LG Chem’s deployment of aspenONE Advanced Process Control has resulted in $4 million of annual operational savings, while also helping the chemical
company achieve its operational excellence goals.

Supporting Quotes:

Mr. CS Chung, Vice President of LG Chem, Ltd
“AspenTech helped us successfully implement aspenONE APC and achieve our operational excellence goals within a limited budget and timeline. We achieved savings of approximately $4 million US annually through better throughput, energy savings and yield improvement.”

IJ Park, Country Manager, AspenTech Korea
“LG Chem’s selection of AspenTech reinforces our relationship as a trusted technology partner. The completion of this project is a major milestone, but it represents just the beginning of the type of results LG Chem will realize.”

Henry Lau, Senior Vice President & Managing Director for APAC, AspenTech
“We are very proud that LG Chem was able to achieve a return on investment within their desired timeframe. This is a strong demonstration of AspenTech’s superior technology and know-how, as well as outstanding project execution by our experienced professional services team. I am confident that the close collaboration between AspenTech and LG Chem project and senior management teams will result in additional successful projects that deliver value and impact to LG Chem’s bottom line.”

Supporting Resources

Links to more information:

About LG Chem

LG Chem is Korea’s first and largest vertically integrated chemical company. Founded in 1947, LG Chem has emerged as Korea’s #1 chemical maker over the past six decades by consistently innovating to deliver the petrochemicals and information and electronic materials that improve the quality of life for people everywhere. To find more information on LG Chem, visit www.lgchem.com.

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers
are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

Contact:

Aspen Technology (Asia) Inc.

Sarah Suh (Ms)

Field Marketing Manager, Korea

+82 2 3779 5812 (Office)

+82 11 9116 0049 (Mobile)
sarah.suh@aspentech.com

Aspen Technology, Inc. (HQ)

David Grip

+1 781-221-5273

david.grip@aspentech.com

Latest News

Gartner Names Bigbelly a 2015 “Cool Vendor” in Smart City Applications and Solutions

Bigbelly Smart Waste and Recycling Revolutionizes Waste Management in the UK

NWN named to CRN’s 2015 TE250 list

Amerigroup-Curaspan Pilot Findings Result in 12-Month Extension. Increased enrollment in community health programs spurs inclusion of Maryland HIE.

BCD and Zend Become Industry’s Primary Resource for PHP-on-IBM i Development Through Expanded Partnership. Industry leaders will tightly integrate to help IBM i organizations succeed at all stages of the PHP development lifecycle

Pic Nix Wins Best of Show – Allen & Gerritsen Takes Home the Top Prize at the Philadelphia Addy Awards with BEST OF SHOW

CYBEX UNVEILS NEW STRENGTH, CARDIO AND SERVICE SOLUTIONS AT IHRSA 2015

Datawatch Named to KMWorld Magazine’s “100 Companies That Matter in Knowledge Management” for Four Years Running


Latest Newsletters

September Newsletter 2014

Mass. Capital Announces Addition to Investment Team

January 2014 Newsletter

December 2013 Newsletter

October 2013 Newsletter

June 2013 Newsletter

March 2013 Newsletter

Mass. Capital Announces Leadership Transition


Archives