Ringmetall launches roll-out of newly developed production software after successful test phase
- Completion of development in cooperation with innovative start-up KMPC Innovations
- Live Production Monitoring targets efficiency gains of at least 15 percent
- High cost-benefit effect through manageable costs
Munich, 25 October, 2018 – Ringmetall AG (ISIN: DE0006001902), an internationally leading specialist supplier in the packaging industry, has completed the development of its new production monitoring software. After a successful test phase, the company is now starting the roll-out in the USA, as well as subsequently all other production sites.
The software LEANFOCUS has been developed since 2017 in cooperation with the Baden-Württemberg start-up KMPC Innovations and allows to live transfer and analyze all data from the production process. Already in the course of the detailed beta test phase, extensive and sustained increases in efficiency could be achieved via the data obtained. As a result, higher capacity utilization, higher quantities per production cycle, shorter changeover times and generally fewer machine failures due to optimized predictive maintenance could be achieved.
“In the first twelve months after introduction alone, we expect an average increase in efficiency of our production facilities of around ten percent, for some facilities even more”, explains Christoph Petri, Spokesman of the Management Board of Ringmetall AG. “If this is broken down into our profit and loss account, we expect a sustained effect on the EBITDA margin of up to one percent.” The development of the software by a team of internal specialists from various departments (Production, IT and Finance) in cooperation with KMPC Innovations had clear advantages. The programming was fully individualized to the special features of the production of Ringmetall, which significantly increases the quality and usability of the collected data. At the same time, the total costs of a good EUR 0.1 million were at least 50 percent below the cost of standard software available on the market, while avoiding time- and cost-intensive adaptation.
“With the introduction of our new production software, we have implemented another important milestone for a sustainable increase in our profit margins,” says a delighted Christoph Petri. “Despite the alleged adversities that the capital markets currently appear to be expecting, we remain fully on track and reaffirm both our 2018 guidance and our mid-term growth prospects.”
Ringmetall will publish its latest figures for the first nine months of 2018 on November 15. Further information on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de. Information on KMPC Innovations and LEANFOCUS is available at www.kmpc.de and www.leanfocus.de.