Owens Corning | August 02, 2022
Owens Corning (NYSE: OC) announced it has completed the acquisition of Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois.
“We are excited to welcome the Natural Polymers team and start working together on innovative product development, Natural Polymers’ proven technology advances our strategy to provide long-term, sustainable solutions and offer our customers a diversified insulation product portfolio.”
-Todd Fister, President Insulation.
Owens Corning expects to significantly grow this business in the coming years. Natural Polymers’ track record of above-market growth is anticipated to contribute to Owens Corning’s strategy to strengthen core building and construction products and expand the company’s addressable markets into higher-growth segments.
Natural Polymers is dedicated to the development of high-quality spray polyurethane foam products and systems, offering some of the lowest-volatile organic compound products available in the spray foam industry today.
About Owens Corning:
Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 20,000 employees in 33 countries dedicated to generating value for our customers and shareholders, and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2021 sales of $8.5 billion.
Oracle | July 20, 2022
Engineering and construction organizations struggle to unlock data across applications to effectively diagnose problems, predict risks, and inform future actions. To address this challenge, Oracle today announced Oracle Construction Intelligence Cloud Analytics. The new solution combines data from Oracle Smart Construction Platform applications to give owners and contractors a comprehensive understanding of performance throughout their operations. With this insight, organizations can quickly spot and correct issues and target ways to drive continuous improvement across project planning, construction, and asset operation.
"You can't manage what you can't measure, The new Oracle Construction Intelligence Cloud Analytics offering combined with the Smart Construction Platform's predictive intelligence engine and common data environment, gives our customers a deeper, holistic understanding of their performance. Now they can build unique data strategies that drive competitive differentiation. This is how the construction industry will get to six sigma precision like its industrial and manufacturing counterparts."
-Roz Buick, senior vice president of product, strategy, and marketing for Oracle Construction and Engineering.
The Smart Construction Platform unites capabilities from Oracle engineering and construction applications and third-party solutions with a common data environment and user experience. With the platform, owners and contractors can more easily work together to improve decision-making at every level of their organizations. The new analytics solution and other platform enhancements were unveiled today at the Oracle Industry Lab in Deerfield, Illinois.
We are increasingly focused on finding new and better ways to leverage our data to gain further insights into project performance and risk, said Brian Neal, project manager, Rudolph Libbe Inc. Connecting and blending data for analysis will provide the broadest and deepest view into our operations, helping us to understand trends across our business and identify ways to keep improving how we deliver projects for our customers.
Smart Construction Platform: Unifying people, processes, and data:
The Smart Construction Platform brings together the core applications, processes, and data that owners and contractors need to work together across project and asset lifecycles. These include portfolio planning, bid/tender processes, contracts, schedules, project documents and building information model (BIM) collaboration, field tasks, costs, and payments. With the new unified experience, common data environment, and cross-application interoperability, users can easily move between applications and data sets while working within a single project. By synchronizing activities, resources, and data as each project and asset progresses, the platform helps ensure teams across disciplines are always working toward the same goal, with the same information.
For instance, the platform's scheduling and project management capabilities synchronize planning and worksite teams around a master plan, giving both visibility into a unified schedule and the task data needed to do the right work in the right place at the right time. So, if an HVAC installation should change because of a supply chain issue, the project manager will automatically receive the updated schedule information and can coordinate any needed adjustments across all impacted teams.
Likewise, the platform gives capital planners accurate, timely data on project forecasts so they can align with managers on budget requirements and adjust as strategic priorities change. For example, inflation doubles the costs of a required set of materials on a project. The project manager can push those new actuals and forecast up to the planner who can perform just-in-time changes to the portfolio, possibly pulling funds from a less important project, or putting a project on hold.
And as the platform continually learns and gets smarter using machine learning technologies, it will take these past actions into consideration to flag potential risks and guide more informed decision making in the future. These are just a few of the many connected experiences the platform can deliver by:
Providing up-to-date schedule data to project managers so they can keep teams aligned to planned delivery dates and other schedule requirements
Uniting planning (CPM schedule) with worksite teams (task schedule) to minimize wasted time and resources
Letting capital planning and project execution teams exchange budget and actual cost data, enabling both teams to confidently adjust as work progresses
Automatically storing completed bid/tender packages as well as approved invoices and other payment materials in organizations' document registers
Giving all stakeholders visibility to collectively track progress, identify and mitigate risks, and efficiently manage change across the entire supply chain
"Oracle has helped us improve coordination, visibility, and control during project development, The ability to further connect our teams, processes, and data across applications and all project phases will increase efficiency while providing our people with the information needed to readily manage change as we work to deliver critical energy assets."
-Weronika Nowak, document control and IT manager for Mayflower Wind.
About Oracle Construction and Engineering:
Asset owners and project delivery teams rely on Oracle Construction and Engineering solutions for the visibility and control, connected supply chain, and data security needed to drive performance and mitigate risk across their processes, projects, and organization. Our scalable cloud construction management software solutions enable digital transformation for teams that plan, build, and operate critical assets, improving efficiency, collaboration, and change control across the project lifecycle. www.oracle.com/construction-and-engineering.
L&T Technology Services | June 27, 2022
L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, today announced that it has been positioned as a ‘Leader’ in all 5 quadrants for the North America market in the 2022 ISG Provider Lens™ Digital Engineering Services report.
ISG recognized LTTS’ leadership competencies across Design and Development (Products Services, Experience), Connected and Intelligent Operations - Discrete Industries, Connected and Intelligent Operations - Process Industries. LTTS has also been rated as a ‘Leader’ in Integrated Customer/User Engagement & Experience and Platforms & Application Services in North America.
LTTS has been recognized for its emerging engineering frameworks, connected operations in discrete industries and transformation journeys across multiple verticals. LTTS’ range of Machine Learning (ML), IoT and digital service offerings is further augmented by an engineering design talent pool with capabilities in digital technologies to deliver world-class products and services, ISG noted.
“Over the years, LTTS has become the preferred ER&D Services partner for major global organizations, supporting such enterprises with best-in-class digital engineering services. LTTS brings with it a perfect alignment of digital competencies, deep engineering expertise, end-to-end view of digital value chains and products and services across all phases of the utility curves and lifecycles. LTTS’ proficiency in engineering services is not only confined to the technical aspects but is also amply demonstrated in its culture of innovation, patent portfolio and expertise in hardware architecture.”
-Mr. Jan Erik Aase, Partner & Global Head – ISG Provider Lens, ISG Research.
“LTTS has successfully helped clients transform the value proposition of their product and services by architecting and executing future-ready digital product and platform roadmaps through user-centered services. We have been investing in digital and leading-edge technologies and providing a wide range of services from chip to cloud as more of our customers are embarking on the journey to digital transformation, both in products as well as the shop floor. This strategy has helped us become the partner of choice to over 300 global customers. This recognition by ISG is an endorsement of our business value and impact.”
-Mr. Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology Services.
About L&T Technology Services Ltd-
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 20,800 employees spread across 17 global design centres, 28 global sales offices and 89 innovation labs as of March 31, 2022.