BGJV, REPCO sign agreement
published : 1 Dec 2020 at 04:00
newspaper section: Business
B.Grimm Joint Venture Holding Co (BGJV) has signed a cooperation agreement with Rayong Engineering and Plant Service Co (REPCO), a subsidiary of Siam Cement Group's (SCG) chemical business, to offer cutting-edge industrial solutions.
The collaboration between the subsidiaries of B.Grimm Group and SCG is meant to offer integrated product and service support as well as Internet of Things (IoT) solutions to power plants, oil refineries, chemical factories and other industries.
They will be supported by a platform that can perform predictive analytics through artificial intelligence and machine learning to enable early warning, preventing parts or equipment from being damaged.
Fabrice Goetschmann, president of B.Grimm Industrial Businesses, said the partnership strengthens the relationship between B.Grimm and SCG, while raising the level of Thailand's industrial standards with the most advanced innovations and solutions.
In the past, both sides have collaborated for several important activities together such as jointly providing engineering studies to customers.
There are more than 10 other collaborative projects in the pipeline that the two parties are contemplating.
B.Grimm is confident more projects will be implemented in the future, noting this partnership will be part of its long-term growth plan.
B.Grimm has vowed to provide the best support for REPCO's business and its customers' projects.
REPCO managing director Chokchai Montreeamornchet said the cooperation underscores the vision the two sides share in becoming leaders in innovation and industry solutions.
"We are ready to bring our 30 years of experience as a fully integrated asset management operator in the chemical industry as well as the use of IoT technology to help customers. When combined with B.Grimm's expertise in enhancing the reliability and productivity of our customers, this should be a useful partnership," he said.
Established in 1878, B.Grimm is one of Thailand's leading conglomerates with diversified business in four streams: energy equipment, cooling systems, transport and construction products.
REPCO offers one-stop engineering solution and maintenance services, backed by 30 years of experience in overseeing and managing maintenance of SCG's petrochemical plants.