Industrial automation company Rockwell Automation, Inc. has secured a turnkey project worth 150 million Malaysian Ringgit (US$32.8 million) Exyte Group. Exyte is a global design, engineering, and delivery of high-tech facilities in Malaysia.
Accordingly, as a lead automation contractor, Rockwell Automation will support Exyte by implementing LifecycleIQ Services to complete a Facility Monitoring and Control System (FMCS). Particularly, this is for a leading multinational and technology corporation’s production facility in Penang, Malaysia. The completion of the FMCS project, which will offer the end user a highly efficient, real-time data monitoring solution, will be in late 2023.
Operational inefficiencies in a highly heterogeneous industrial environment composed of multiple vendors and legacy systems are driving demand for lifecycle services. Moreover, Frost & Sullivan estimates that each year the manufacturing industry suffers from operational losses of more than US$1 trillion globally. Here, lifecycle services allow companies to be more productive at every stage of the lifecycle. In addition, it also helps companies capture more value from digital transformation initiatives.
Rockwell Automation’s LifecycleIQ Services connects, secures, mobilizes, and scales manufacturing operations for greater performance, reliability, safety, and ongoing innovation. Combining digital technologies with expansive technical know-how, LifecycleIQ Services can help manufacturers accelerate time-to-market, reduce costs, maximize asset utilization, and eliminate operational risks. These services cater to businesses across industries including food and beverage, pharma and life sciences, mining, semiconductor, data centers and many more.
Marcelo Tarkieltaub, regional director for Southeast Asia, Rockwell Automation, said the challenge for companies is to work faster, smarter, and with greater agility across all phases of their enterprise lifecycle. Hence, Tarkieltaub said, will guarantee companies’ competitiveness.
In addition, he said, “They face issues including aging infrastructure, lower productivity, workforce skills gaps and the need to achieve sustainable growth. Lifecycle services combine industry, technology, operational and application expertise to enable safe, secure, and reliable manufacturing.”
Southeast Asia’s industrial automation and process control market will likely reach US$4.97 billion by 2025. Favorable government initiatives to promote the adoption of automated systems, along with growing investment, will drive the growth. Furthermore, contributing also to growth is increasing demand for automation from various manufacturing sectors and a growing need for mass production with reduced operations cost. Globally, the service lifecycle management application market size will likely grow from US$1.6 billion in 2022 to US$2.93 billion by the end of 2030.
Rockwell Automation has been in Asia Pacific for more than 40 years and continues to invest in its vision of expanding human possibility and digital transformation for its customers across the region. The company has over 5,800 dedicated employees in the region and a robust ecosystem of partners collaborating towards delivering value for our customers. Hence, Rockwell Automation continues to transform the industry, unlocking potential and productivity through automated and connected innovation.