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FINANCIAL NEWS
Qatar Steel awards $2m deal to GE unit
14 Feb 2010
(MENAFN) Qatar Steel said that it has selected GE Intelligent Platforms to provide a complete production management solution designed to improve operating efficiency, under a $2 million contract, a press statement said.
The contract features GE’s award-winning suite of Proficy software including Plant Applications, Historian, iFIX and Portal rolled out in a phased format led by a significant pilot project.
The Proficy software solution covers design and implementation for data collection from multiple systems including material storage, handling and control, direct reduction furnaces, electric arc furnaces, ladle furnaces, continuous casting machines, bar rolling mills, the plant’s Quality Control Centre and Enterprise Resource Planning (ERP) system.
The Middle East is expected to produce more than 60 million tons of raw steel by 2010 and Qatar Steel will be a forerunner in this production. The company is regarded as an innovator and has been instrumental in the development of the region since 1978 when production began.
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