AVEVA announces contract win with Hyundai Heavy Industries

AVEVA (LSE:AVV), a announced a significant new contract win with Hyundai Heavy Industries (HHI), further increasing its investment in AVEVA solutions.
HHI has fully utilised AVEVA solutions since 1988.  It has based its engineering and design on AVEVA solutions for the production of its commercial, offshore and special ships. With increasing offshore projects, Hyundai Heavy Industries (HHI) is further expanding its usage of AVEVA's 3D design.
"We have a strong working relationship with AVEVA, as demonstrated with our past strategic partnerships.  AVEVA has helped us to continue to achieve technological innovation and become a global leader," said H.Y Kim, General Manager at HHI.
"Our relationship with HHI is an example of AVEVA's commitment and contribution to the Korean market. HHI has benefitted from higher design efficiency and improved project quality when using AVEVA solutions," added Peter Finch, President, Asia Pacific at AVEVA.
HHI has recently announced the launch of state-of-the-art drill ship ‘Deepwater Champion' and a recent order for the world's largest heavy-lift vessel.  AVEVA solutions were used in the design of ‘Deepwater Champion' and will play a major role in the new heavy-lift vessel project.
Source: Aveva