Aspen Technology announced that Aristech Acrylics, one of the world's largest producers of seamless continuous cast acrylic sheets, has licensed its supply chain optimization solution to increase the efficiency and profitability of its Florence, Kentucky plant. The solution will enable plant supervisors to optimize production sequences and equipment usage using real-time decision-support tools-thereby improving Aristech Acrylics' responsiveness to changes in customer demand and plant conditions. AspenTech recognized the license revenue from this transaction in the March quarter.Aristech Acrylics' Florence plant houses dozens of reactors for blending polymers into materials for counter tops, shower units, bathtubs, hot tubs, sinks, boating products, skylights and more. The plant produces the products-with more than 2,000 variations in color alone-using precise, detailed and complex business processes. This requires finely tuned and flexible scheduling to respond to changes in demand and plant conditions, enable manufacturing with consistent quality, and maximize plant profitability during production.
The AspenTech solution will help Aristech Acrylics meet these requirements by giving plant supervisors a better real-time view of demand and scheduling data, along with sophisticated decision support tools to optimize the plant response. The solution will integrate with an AspenTech data historian solution already in use by the plant-further increasing access to the myriad complex variables important for optimizing plant schedules and processes.
AspenTech's supply chain technologies are a key component of the Aspen ProfitAdvantage™ solution, which increases the profitability of process companies by enabling the optimization of their entire value chain from the supply of raw materials, through production, to the delivery of the final product.
Aristech Acrylics
AspenTech
