PSI Software SE

Regulatory Filings • Jul 4, 2013

News Details

Corporate | 4 July 2013 10:24

PSI China awarded new contract in Chinese Steel sector

PSI Aktiengesellschaft / Key word(s): Incoming Orders/Contract

04.07.2013 / 10:24

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PSI China awarded new contract in Chinese Steel sector
Valin ArcelorMittal Automotive Steel decides in favour of PSImetals

Berlin - PSI China signed a contract with the Valin ArcelorMittal
Automotive Steel Co., Ltd (VAMA) to implement the production management
solution PSImetals. VAMA is a joint venture between ArcelorMittal and Hunan
Valin Iron and Steel Co., Ltd. The company is setting up a new cold rolling
complex in Loudi in the Hunan province in order to produce and market
products for the automotive industry. The start of the production is
planned in June 2014.

In the first phase, PSImetals will cover the whole cold rolling mill area
offering functions for order dressing, integrated planning, production
configuration, production execution, quality management and logistics. The
VAMA project will be a milestone for PSI China in providing the PSImetals
solution to the automotive steel market in China. VAMA choose PSI as the
MES provider due to PSI's worldwide steel industry experience and the
long-term cooperation between ArcelorMittal and PSI.

On the basis of its own software products, PSI AG develops and integrates
complete solutions for energy management (gas, oil, electricity, heat,
energy trading), production management (mining, metals, automotive,
mechanical engineering, logistics) and infrastructure management for
transport and safety. PSI was founded in 1969 and employs 1,600 persons
worldwide. www.psi.de

PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany

Phone +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de

End of Corporate News

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Language: English
Company: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

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