2001 Press Releases-09
Tokyo, Japan -
August 6, 2001
Yokogawa Electric Corporation Selected By TradeMC As A Capital Goods Marketplace Supplier
Yokogawa Electric Corporation and TradeMC, a leading capital goods marketplace for buyers and suppliers, today announced a global strategic agreement for Yokogawa's automation systems and solutions. TradeMC, founded by Fluor Corporation and IBM, facilitates efficient, price-advantaged transactions between buyers and suppliers of capital, indirect, and MRO goods and services (items required to build, operate and maintain industrial and commercial operations).
Yokogawa's CENTUM CS3000 DCS (Distributed Control System) will be offered to TradeMC marketplace members, including Fluor Corporation, as a pre-negotiated control system option for global industrial projects. Yokogawa was selected as a result of a yearlong investigation. The selection was based in part on Yokogawa's significant ongoing investments in technology - like the new fieldbus and other network technologies -- and the results of a review of both their commercial and technical capability.
"We are extremely pleased to be part of the TradeMC marketplace," said Akira Kohzuki, senior general manager, International Solution Division for Yokogawa. "E-procurement based upon strategic alliances is a future business trend since it is an effective strategy for reducing the cost of transactions between partners which is beneficial to all involved parties. Our global experience in the industrial process control arena, as well as our reputation for quality, reliability and customer service, uniquely qualifies us to participate in this e-market alliance."
The two-year strategic alliance agreement will make Yokogawa one of TradeMC's first recommendations for DCS and related software applications.
"Strategic alliances with global automation technology providers like Yokogawa give us the opportunity to offer cost-effective solutions to our members," said John L. Hopkins, president and CEO of TradeMC. "By combining our collective strengths we can better provide a unique value proposition for capital goods and offer significant savings, both in project cycle times, and on the purchase of goods to our marketplace participants."
Yokogawa's global network of 19 manufacturing facilities and 89 companies spans 32 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,500 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa.
For more information about Yokogawa, please visit our web site at www.yokogawa.com.