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DSY Destiny Media Technologies Inc

1.50
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Destiny Media Technologies Inc TSXV:DSY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.50 0.005 1.48 0 21:12:49

Jindal Stainless Selects Dassault Systèmes’ Solutions to Boost Operational and Delivery Efficiencies

15/06/2023 6:00am

Business Wire


Destiny Media Technologies (TSXV:DSY)
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  • Leading steel manufacturer in India will deploy Dassault Systèmes’ “Operations Planning and Scheduling Excellence” industry solution experience, leveraging DELMIA applications
  • JSL aims to reduce lead time by 10%-15% and inventory levels by 8%-10%
  • Virtual twin experiences support the sustainable production of stainless steel by companies seeking to optimize processes and minimize carbon footprints

Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that Jindal Stainless Limited (JSL), the leading stainless steel manufacturer in India, will deploy Dassault Systèmes’ solutions to strengthen its production planning, scheduling and execution processes and better meet customer demand.

Having recently expanded and doubled its production capacity at two facilities to 2.9 million tons of steel per year, JSL can seamlessly manage end-to-end production and operations by adopting an integrated and fully automated approach.

Stainless steel manufacturing is a complex, made-to-order sector. Delivering reliable performance to meet customer targets requires agile, transparent ways to plan, use resources, leverage real-time information from the shop floor, quickly balance capacity, and make accurate predictions while maintaining high quality standards.

JSL will deploy Dassault Systèmes’ “Operations Planning and Scheduling Excellence” industry solution experience based on the 3DEXPERIENCE platform, which leverages DELMIA applications, to optimize these processes virtually. JSL can reduce costs and improve efficiency in order to realize significant benefits like reducing lead time by 10%-15% and work-in-progress inventory by 8%-10%.

Through this deployment, JSL aims to strengthen its position in core sectors like automotive and infrastructure while expanding its activity in the lifestyle, aerospace and defense sectors in a sustainable way. Virtual twin experiences enable JSL to minimize its carbon footprint by reducing product diversions and quality rejections.

“This is another bold step towards creatively demolishing legacy systems and adopting new models of digitalization and automation,” said Abhyuday Jindal, Managing Director, JSL. “A few years ago, we were the first organization in the Indian stainless steel industry to front-end the entire customer journey with us. Now we are working towards a 360-degree integration of different operational technologies with real-time dashboards to enable faster decision making. This aligns with our vision to diversify, expand, and drive long-term growth and innovation in stainless steel. The DELMIA Quintiq and Apriso deployment is a key enabler for us in this journey.”

“Dassault Systèmes’ solutions support the sustainable production of steel by innovative customers like Jindal Stainless Limited," said Corinne Bulota, Vice President, Infrastructure, Energy and Materials Industry, Dassault Systèmes. “By using our industry solution experiences and DELMIA Quintiq and Apriso applications, JSL benefits from a single source of truth that brings real-time visibility, simulation and optimization capabilities. The virtual twin experience of JSL’s production systems helps JSL improve operational efficiency and product quality significantly, and facilitates data-driven, fast decisions for the decarbonization of steelmaking.”

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FOR MORE INFORMATION

Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

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ABOUT DASSAULT SYSTÈMES

Dassault Systèmes, the 3DEXPERIENCE® Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all –consumers, patients and citizens. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com

© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries.

Dassault Systèmes Press Contacts

Corporate / France Arnaud MALHERBE arnaud.malherbe@3ds.com +33 (0)1 61 62 87 73

North America Natasha LEVANTI natasha.levanti@3ds.com +1 (508) 449 8097

EMEA Virginie BLINDENBERG virginie.blindenberg@3ds.com +33 (0) 1 61 62 84 21

China Grace MU grace.mu@3ds.com +86 10 6536 2288

India Kriti ASHOK kriti.ashok@3ds.com +91 9741310607

Japan Misae HASHIDA misae.hashida@3ds.com +81 3 4321 3418

Korea Jeemin JEONG jeemin.jeong@3ds.com +82 2 3271 6653

AP South Minming CHEN minming.chen@3ds.com +65 6511 7931

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