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On August 5, 2024
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FPT Partners with KITZ to Boost Digital Transformation in Valve Manufacturing Industry By Investing.com
TOKYO--(BUSINESS WIRE)--Global technology company FPT Software, a subsidiary of FPT Corporation, and KITZ Corporation, a world-leading manufacturer of industrial valves and fluid control products, recently signed a strategic partnership agreement. The collaboration leverages FPT Software's scalable workforce and robust expertise to accelerate the digital transformation initiatives across KITZ's manufacturing and business operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240804936324/en/ Under the agreement, FPT Software will provide digital solutions to enhance KITZ's product development and design, global supply chain, maintenance services, and sales and marketing activities. FPT Software will also enhance KITZ's IT infrastructure through cutting-edge, AI-infused solutions to facilitate its operation and manufacturing with greater precision, efficiency, and safety. Driving agility, scalability, and enhanced productivity for our clients has always been FPT Software's priority. With two decades of experience accompanying industry giants in Japan, a diversified delivery network, and a high-quality workforce globally, we are confident to help KITZ streamline operations and improve time-to-market to stay ahead of the rapidly changing manufacturing landscape, said Pham Minh Tuan, FPT Corporation Executive Vice President and FPT Software Chief Executive Officer. "I believe that forming a strategic partnership with FPT, a company that provides the latest technologies and services in the digital field, is a significant step forward. We are currently constructing a factory in Vinh Phuc Province, Vietnam, to manufacture and sell stainless steel valves, which are expected to be in high demand in the future, and a factory to produce high-purity gas valves for the semiconductor equipment market. In Vietnam, which is experiencing remarkable growth, we will continue to provide products and services tailored to our customers' markets and regions by partnering with FPT, a global company that has been at the forefront of DX initiatives for many companies, said Makoto Kohno, KITZ Corporation Chief Executive Officer. With nearly 20 years in Japan, FPT Software has become one of the largest foreign technology firms in terms of workforce, with 3,500 employees across 17 local offices and innovation hubs, as well as 15,000 global employees dedicated to the Japanese market. The company has provided services and solutions to over 450 clients worldwide, supporting their digital transformation through strategic consulting services and advanced technological solutions such as AI, machine learning, and cloud computing. The IT firm also plays a significant role in promoting technology cooperation and development between Vietnam and Japan, notably an active member of the Japan Business Federation (Keidanren) and the chair of the Vietnam Association of Digital Transformation in Japan (VADX Japan). Manufacturing is among FPT Software's key domains. It provides comprehensive strategies and execution processes for digital factories on a global scale, leveraging its deep expertise and wide skills network to deliver complex end-to-end projects that enhance manufacturing operations. These proven competencies and success place FPT Software as a leader and disruptor in manufacturing services by IDC MarketScape and HFS Horizons. About FPT Software FPT Software, a subsidiary of FPT Corporation, is a global technology and IT services provider headquartered in Vietnam, with $1 billion in revenue (2023) and over 30,000 employees in 30 countries. The company champions complex business opportunities and challenges with its world-class services in Advanced Analytics, AI, Digital Platforms, Cloud, Hyperautomation, IoT, Low-code, and so on. It has partnered with over 1,100 clients worldwide, nearly 100 of which are Fortune Global 500 companies in Aviation, Automotive, Banking, Financial Services and Insurance, Healthcare, Logistics, Manufacturing, Utilities, and more. For more information, please visit https://fptsoftware.com/
[2]
FPT Partners with KITZ to Boost Digital Transformation in Valve Manufacturing Industry
Global technology company FPT Software, a subsidiary of FPT Corporation, and KITZ Corporation, a world-leading manufacturer of industrial valves and fluid control products, recently signed a strategic partnership agreement. The collaboration leverages FPT Software's scalable workforce and robust expertise to accelerate the digital transformation initiatives across KITZ's manufacturing and business operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240804936324/en/ Under the agreement, FPT Software will provide digital solutions to enhance KITZ's product development and design, global supply chain, maintenance services, and sales and marketing activities. FPT Software will also enhance KITZ's IT infrastructure through cutting-edge, AI-infused solutions to facilitate its operation and manufacturing with greater precision, efficiency, and safety. "Driving agility, scalability, and enhanced productivity for our clients has always been FPT Software's priority. With two decades of experience accompanying industry giants in Japan, a diversified delivery network, and a high-quality workforce globally, we are confident to help KITZ streamline operations and improve time-to-market to stay ahead of the rapidly changing manufacturing landscape," said Pham Minh Tuan, FPT Corporation Executive Vice President and FPT Software Chief Executive Officer. "I believe that forming a strategic partnership with FPT, a company that provides the latest technologies and services in the digital field, is a significant step forward. We are currently constructing a factory in Vinh Phuc Province, Vietnam, to manufacture and sell stainless steel valves, which are expected to be in high demand in the future, and a factory to produce high-purity gas valves for the semiconductor equipment market. In Vietnam, which is experiencing remarkable growth, we will continue to provide products and services tailored to our customers' markets and regions by partnering with FPT, a global company that has been at the forefront of DX initiatives for many companies," said Makoto Kohno, KITZ Corporation Chief Executive Officer. With nearly 20 years in Japan, FPT Software has become one of the largest foreign technology firms in terms of workforce, with 3,500 employees across 17 local offices and innovation hubs, as well as 15,000 global employees dedicated to the Japanese market. The company has provided services and solutions to over 450 clients worldwide, supporting their digital transformation through strategic consulting services and advanced technological solutions such as AI, machine learning, and cloud computing. The IT firm also plays a significant role in promoting technology cooperation and development between Vietnam and Japan, notably an active member of the Japan Business Federation (Keidanren) and the chair of the Vietnam Association of Digital Transformation in Japan (VADX Japan). Manufacturing is among FPT Software's key domains. It provides comprehensive strategies and execution processes for digital factories on a global scale, leveraging its deep expertise and wide skills network to deliver complex end-to-end projects that enhance manufacturing operations. These proven competencies and success place FPT Software as a leader and disruptor in manufacturing services by IDC MarketScape and HFS Horizons. About FPT Software FPT Software, a subsidiary of FPT Corporation, is a global technology and IT services provider headquartered in Vietnam, with $1 billion in revenue (2023) and over 30,000 employees in 30 countries. The company champions complex business opportunities and challenges with its world-class services in Advanced Analytics, AI, Digital Platforms, Cloud, Hyperautomation, IoT, Low-code, and so on. It has partnered with over 1,100 clients worldwide, nearly 100 of which are Fortune Global 500 companies in Aviation, Automotive, Banking, Financial Services and Insurance, Healthcare, Logistics, Manufacturing, Utilities, and more. For more information, please visit https://fptsoftware.com/
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FPT Corporation, Vietnam's leading IT firm, has entered a strategic partnership with KITZ Corporation, a Japanese valve manufacturer, to accelerate digital transformation in the valve manufacturing industry.
FPT Corporation, Vietnam's largest IT service company, has announced a strategic partnership with KITZ Corporation, a prominent Japanese valve manufacturer 1. This collaboration aims to drive digital transformation in the valve manufacturing industry, leveraging FPT's expertise in technology solutions.
The partnership between FPT and KITZ encompasses several key areas:
Digital Transformation Consulting: FPT will provide KITZ with comprehensive digital transformation consulting services 2.
IT Services: The Vietnamese IT firm will offer a wide range of IT services to support KITZ's operations [1].
Software Solutions: FPT will develop and implement software solutions tailored to KITZ's specific needs in valve manufacturing [2].
AI and IoT Integration: The partnership will focus on integrating artificial intelligence (AI) and Internet of Things (IoT) technologies into KITZ's manufacturing processes [1].
This collaboration is expected to bring significant benefits to both companies:
Enhanced Efficiency: KITZ aims to improve its operational efficiency through the adoption of advanced technologies [2].
Innovation in Manufacturing: The partnership is set to introduce innovative solutions in the valve manufacturing industry [1].
Global Expansion: FPT sees this as an opportunity to expand its presence in the Japanese market and the manufacturing sector globally [2].
Knowledge Transfer: The collaboration will facilitate knowledge transfer between the two companies, combining FPT's technological expertise with KITZ's manufacturing experience [1].
The partnership between FPT and KITZ is poised to have a significant impact on the valve manufacturing industry:
Setting New Standards: This collaboration could set new standards for digital transformation in the manufacturing sector [2].
Competitive Advantage: KITZ is expected to gain a competitive edge through the adoption of cutting-edge technologies [1].
Industry 4.0 Advancement: The partnership aligns with the broader trend of Industry 4.0, pushing for greater automation and data exchange in manufacturing technologies [2].
As this strategic partnership unfolds, both FPT and KITZ are optimistic about the future:
Long-term Collaboration: The companies envision a long-term collaboration that will evolve with technological advancements [1].
Expansion of Services: There is potential for expanding the scope of services and solutions as the partnership progresses [2].
Market Leadership: Both firms aim to strengthen their positions as leaders in their respective industries through this collaboration [1].
Reference
[1]
FPT Software and Project Management Institute (PMI) have formed a strategic partnership to enhance talent development and drive innovation in project management. This collaboration aims to empower professionals with essential skills for the digital age.
2 Sources
FPT Corporation, Vietnam's leading IT services provider, has appointed Mr. Nguyen Duc Long as the new CEO of FPT China. This strategic move aims to boost the company's growth in the trillion-dollar Chinese market.
2 Sources
A consortium led by FPT Corporation has started work on a $173 million AI centre in Vietnam's Binh Duong province. The project aims to boost the country's AI capabilities and attract global tech companies.
3 Sources
Backbase, a fintech company, establishes its first Global AI Center of Excellence in Ho Chi Minh City, Vietnam, showcasing the country's growing importance in the global tech landscape.
2 Sources
Toyota Industries Corporation's subsidiary and Fujitsu have collaborated to create Japan's first cloud-based AI service for evaluating forklift safety. This innovative solution aims to enhance workplace safety and operational efficiency in the materials handling industry.
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