We therefore contribute to deliver our product value which underlines “healthy concept” such as less sugar or no sugar through new product development or quality improvement to highly satisfy consumer need.
“Birdy®” reinforces itself as the top market leader of RTD canned coffee in Thailand which has been contributing to deliver its product value to meet Thai consumer’s need, reflected in the award of the No.1 Brand Thailand 2020-2021”in category of RTD canned coffee according to consumer survey conducted by Marketeer Magazine.
Mr. Wonnarate Suckeeluk, Processed Food & Beverage Business Department Manager of Ajinomoto Co., (Thailand) Ltd., stated that “Birdy® has been striving for the product improvement to meet consumers’ need both in term of quality and taste together with creating better health of consumers. We therefore contribute to deliver our product value which underlines “healthy concept” such as less sugar or no sugar through new product development or quality improvement to highly satisfy consumer need. These was shown in a variety of our product formula improvements including new product introduction such as Birdy® Black Less Sugar, Birdy® Robusta Less Sugar, Birdy® latte Less sugar, which reduced 50% sugar from the original, Birdy® Espresso Less sugar, that reduce 30% sugar but still authentic coffee taste and aroma as Birdy’s key unique including new product Birdy® Black Zero with 0% sugar. All products have been certified the “Healthier Choice Logo” in order to become the preferable healthy option for Thai consumers. This accomplishment of Marketeer No.1 Brand award shows the trust that consumer given to us as a quality coffee brand in their mind while reflecting our unchanging commitment to promote Healthy Living Society to Thai people in accordance with our Ajinomoto Group Creating Shared Value policy (ASV)”.
Birdy® promotes Healthy Living to Thais, reflecting in the Marketeer No.1 Brand 2020-2021
“Birdy®” is the pioneer of RTD canned coffee market of the country since 1993 and hold customers’mind as the number one position for over 28 years. The product commits itself to always grows with Thais and support everyone to go through any difficult situation together as its slogan that Birdy® always supports Thais.
Logistics services company WHA Corporation is set to witness growth at the end of the year after much of Thailand reopens to foreign visitors from November.
WHA chairwoman Jareeporn Jarukornsakul said the reopening would send a positive signal to businesses related to industrial estates, including those of her corporation. The business, she pointed out, will grow at the end of the year, with this growth becoming more obvious at the beginning of 2022. Jareeporn said WHA land sales will surpass the 2021 target of 820 rai – 750 in Thailand and the remaining 70 in Vietnam. She said WHA’s performance in this fourth quarter is expected to keep growing due to the improved rate of land transfers. Also, the value of WHA Premium Growth Freehold and Lshld REIT (WHART) was reportedly increased to more than THB5.5 billion, with a promising margin of returns.
WHA warehouse rental areas will total 2.56 million square metres at the end of the year, Jareeporn also revealed. Furthermore, the WHA will invest in three WHART projects in a bid to increase its rental area by 184,329 square metres. WHA’s new buildings will be rented by big players in the e-commerce market, namely Alibaba Group and Shopee Xpress, Jareeporn said. She also announced that the properties added to WHART would touch THB480 billion in value in the future, while total management areas were expected to increase by 1.58 million square metres. Therefore, WHART will still be the biggest trust in Thailand related to distribution centres, warehouses and factories, she added.
Continuation of an outstanding growth in the 3rd quarter +40% compared to 2019 and +31% compared to 2020 at constant exchange rates
The Group’s consolidated revenue amounted to €6,602 million at the end of September 2021, up 57% at constant exchange rates and 54% at current exchange rates compared to the same period in 2020. This increase is of 35% over two years.
In the third quarter, the Group’s consolidated revenue reached €2,367 million. Sales growth was outstanding at +31% at constant exchange rates compared to 2020 and reached +40% over two years. The activity benefited from an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia.
Axel Dumas, Executive Chairman of Hermès, said: “The performance of the third quarter reflects an atypical year, during which we continue our strategic investments and accelerate job creations. In a world that remains unstable, the balance between our sixteen métiers and between our locations around the world, allows us to move forward with optimism and caution, while continuing to create beautiful, high quality, sustainable objects.”
Sales by geographical area at the end of September (at comparable exchange rates, unless otherwise indicated)
At the end of September 2021, all the geographical areas confirmed their strong growth, with each one posting double-digit growth in the third quarter compared to 2019. Over the first nine months of the year, sales in the Group’s stores increased 60% at constant exchange rates compared to last year, and 43% compared to 2019. The network continued to develop with store openings and extensions, and online sales increased worldwide. Wholesale activities remain penalised particularly by travel retail.
• Asia excluding Japan (+63% and +69% over two years) continued to see sustained activity, driven by an excellent third quarter (+29% and +67% over two years). It gained from a remarkable performance in Greater China and other countries in Asia, despite new restrictions in Australia, Thailand and Malaysia in the third quarter. In September, Hermès unveiled a second store in Shenzhen, our 28th address in mainland China.
• Japan (+35% and +20% over two years) confirmed its solid growth, thanks to the loyalty of local customers, despite restrictions due to the health state of emergency.
• America (+85% and +30% over two years) accelerated significantly at the end of September, driven by an outstanding performance in the third quarter (+48% and +40% over two years). A new store opened in Florida’s Aventura Mall on October 1st.
• Europe excluding France (+45% and +7% over two years), and France (+40% and -6% over two years), strongly recovered in the third quarter, with double-digit growth compared to 2019 (+23% and +13% respectively). They benefitted from the support of local customers, growing online sales and the partial return of tourist traffic. The store in Milan reopened in July after renovation and extension work, boasting two extra floors. In September, petit h moved into the rue de Sèvres store in Paris in a location designed to reflect the dialogue created by the métier between sustainability, the creation of objects and the reuse of materials.
Sales by business line at the end of September (at comparable exchange rates, unless otherwise indicated)
At the end of September 2021, all the business lines posted double-digit growth, both compared to 2019 and 2020, with an excellent performance over the third quarter and an outstanding increase in Ready-to-wear and Accessories, Watches and Other Hermès Business Lines (Jewellery and Homeware).
Sales in the Leather Goods and Saddlery division (+46% and +27% over two years) benefitted from significant deliveries over the third quarter and sustained demand. The maroquinerie de Guyenne (Gironde), the 19th leather goods workshop of the house, opened in September, reasserting our local presence in France and the creation of jobs. The increase in production capacities continues, with the Louviers site (Eure) planned for 2022, the Sormonne site (Ardennes) for 2023 and a new site in Riom (Puy-de-Dôme) for 2024. In September, faithful to our commitments to know-how transmission and education, Hermès opened the École Hermès des savoir-faire (Hermès school of know-how), which is accredited by the French Education Department and will award a State-approved diploma in leatherworking expertise.
The Ready-to-wear and Accessories business line (+71% and +43% over two years) pursued its dynamic growth, thanks to the success of the ready-to-wear, fashion accessories and footwear collections. The Women’s Spring-Summer 2022 fashion show, unveiled early October, revealed a solar collection with aerial silhouettes, after the Men’s collection early July, around an artistic performance filmed in real time.
The Silk and Textiles business line (+63% and +10% over two years) performed well. A new printing line has been inaugurated as part of the development of the production site in Lyon to meet demand.
Perfume and Beauty (+51% and +18% over two years) benefitted from the successful launches of the H24 Perfume for Men and Twilly Eau Ginger, from the development of the Beauty line, with the sustainable, refillable limited edition of Rouge Hermès Éclat de la nuit. After the launch of Beauty in China in July, the métier continues its deployment to expand with hand care products this fall.
The Watches business line (+92% and +77% over two years) confirmed its excellent performance, reflecting the technical watch-making expertise and creativity of the collections, with the success of the men’s watch Hermès H08 and other classics of the house.
The Other Hermès business lines (+77% and +98% over two years) confirmed their momentum, thanks to Homeware and Jewellery.
A responsible, sustainable model
In September, the MSCI ESG rating index published an “A” rating in its analysis of the house’s resilience to environmental, social and governance risks.
Hermès was ranked second best Textiles and Clothing company out of 174 firms in the Sustainalytics ranking, with “low” exposure to ESG risks.
Lastly, the group has been included in the CAC 40 ESG index, after entering the V.E (Vigeo-Eiris) “Advanced” category.
These results reflect the sustainable dimension of Hermès’ craftsmanship model, and our ongoing efforts to improve our social and environmental performance.
Highlights
At the end of September, currency fluctuations represented a negative impact on revenue of €139 million.
Over the first nine months, Hermès International redeemed 142,131 shares for €162 million, excluding transactions completed within the framework of the liquidity contract.
Outlook
In a context of gradual improvement in the health situation, the group is continuing its investments and accelerates job creations. Despite a high comparison base in the 4th Quarter, the group is approaching the end of the year with confidence.
Our highly integrated craftsmanship model and balanced distribution network, as well as the creativity of our collections and our customers’ loyalty, give us confidence in the future.
In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the Group confirms an ambitious goal for revenue growth at constant exchange rates.
2021 is marked by the Odyssey, we continue our journey remaining confident in the future, facing the uncertainties of the world whilst remaining true to who we are.
Thanks to its unique business model, Hermès is pursuing its long-term development strategy based on creativity, maintaining control over know-how and singular communication.
The press release on Revenue at the end of September 2021 is available on the Group’s website: https://finance.hermes.com.
Upcoming events:
• 18 February 2022: publication of the 2021 annual results
• 14 April 2022: Q1 2022 revenue publication
• 20 April 2022: General meeting of Shareholders 2022
The research on “Harmonious Justice: Thailand’ s Approach to Harmonious Justice” and “the UN Handbook on Restorative Justice Programs” (Second Edition)” promise to equip judicial personnel with practical tools to remove obstacles, facilitate remedy, and enforce laws.
“Agroup of teenagers attacked a health volunteer out of misunderstanding while he was on guard at a local hospital in Si Sa Ket province. Later on, attackers not only knelt down to ask for an apology through the arrangements of their family and community leaders but also offered Bt20,000 compensation. The victim forgave and returned Bt20,000”.
This case, a solid example of how “community can take part in judicial process”, was highlighted during a webinar on “Harmonious Justice: Background and Expectations of Thailand’s Criminal-Justice Process”. Held by the Thailand Institute of Justice (TIJ), the webinar took place on 15 September 2021 to introduce the research on “Harmonious Justice: Thailand’s Approach to Restorative Justice” and the Thai translation of “UN Handbook on Restorative Justice Programs” (Second Edition)” to provide judicial personnel with tools to upgrade their work and knowledge that can apply to Thai context.
Research Shows Restorative Justice Reduces Reoffending Rate, Presents Solution to Problems in Judicial Process, Prison Overcrowding
TIJ advisor Prof. Dr. Kittipong Kittayarak, who has advocated restorative justice in Thailand throughout the past few decades, told the webinar that restorative justice promised solutions based on the consensus of all relevant parties including victims and offenders thus paving way for remedy as well as harmony.
“Instead of focusing on retribution, Thailand should change its paradigm and embrace restorative justice. Several foreign countries have already jumped on this path. Excessive emphasis on retribution-based punishment has not only overwhelmed courts and prisons but it has also failed to curb crimes,” he pointed out.
Restorative justice in essence resonates with Thailand’s deep-rooted culture. Therefore, if the concept applies systematically, it should be able to solve many judicial issues. Importantly, the proper application must include clear identification of crimes’ root causes. Restorative justice is about bringing parties in conflict together on a voluntary basis for heart-to-heart talks in an appropriate atmosphere to encourage repentance, forgiveness, and then the new beginning. Restorative justice process must also recognize that parties involved must be forgiving for harmony to really happen.
Prof. Dr. Kittipong hoped that the concept of restorative justice would be used outside judicial system too, for example at schools where bullying was reported. In his view, harmonious justice will materialize not just with the introduction of supportive laws, legal mechanisms, and strategies but also the engagement of communities. When communities acknowledge the concept, they will be able to help take care of both offenders and victims.
Conducted nationwide through collaboration with foreign experts, a TIJ research has found that restorative justice can prevent reoffending when communities play an active role in support of judicial process.
“Restorative justice can fill the gap within Thailand’s criminal justice system. Retribution now separates offenders from victims, depriving them of opportunities to clear up the air and to reach mutual understanding. Victims have little participation in judicial process and end up having no say about what their remedy should be,” Prof. Dr. Kittipong commented.
Research Shows Restorative Justice Reduces Reoffending Rate, Presents Solution to Problems in Judicial Process, Prison Overcrowding
Mr. Ukrit Sornprohm, lead researcher and project manager at TIJ, said victim-centric judicial system accorded importance to the remedial process as it improved the relationships among parties in conflict and promoted social harmony. When restorative process was integrated into justice system, victims and offenders could talk in a way that led to repentance, the show of responsibility, and the delivery of remedy.
According to him, the restorative justice concept can apply to the stage of legal enforcement too. In Thailand, the Corrections Department has deployed the concept in designing activities between prisoners and victims/communities as well as among prisoners, and in preparing prisoners’ social reintegration. Even though the application has run into some problems, it marks progress for restorative justice in Thailand.
Presently, restorative justice has been most accepted in juvenile cases in Thailand. Directors of juvenile observation and protection centers are allowed by laws to consider using restorative justice. With this option, young offenders will not have criminal records and get opportunities to improve their behaviors. Their family will take part in restorative-justice talks with victims.
According to research findings, key indicators of restorative-justice success should be offenders’ improved behaviors/ability to avoid reoffending; agreements reached by parties in conflict; and victim satisfaction.
Research Shows Restorative Justice Reduces Reoffending Rate, Presents Solution to Problems in Judicial Process, Prison Overcrowding
Prof. Yvon Dandurand, another key researcher, revealed during the webinar that Canada’s justice system complied with international standards, and all its states were required to promote restorative justice. He said restorative justice promised to satisfy victims during the remedial process, reduce reoffending rate, offer offenders’ smoother reintegration into society, and boost public confidence in the justice system. According to him, restorative justice worked especially well in cases where parties in the conflict used to have good relations before. If offenders are underage, parents/guardians will be engaged in the decision making process. Both victims and offenders can opt-in or opt-out of the restorative justice stage, with full information on their choices provided.
Research Shows Restorative Justice Reduces Reoffending Rate, Presents Solution to Problems in Judicial Process, Prison Overcrowding
Mrs. Santanee Ditsayabut, director of Nitivajra Institute, disclosed that a total of 612,830 cases reached Thailand’s courts of first instance in 2019. Of them, 103,121 resulted in jail terms while 265,840 led to suspended jail terms. Statistics back to 2013 also revealed that 30 percent of convicts had reoffended for three consecutive years. These figures reflect that although courts have meted out retributive punishments, reoffending rate is still relatively high.
Believing that “overwhelmed courts and prisons” are proofs of the ineffective judicial process, Mrs. Santanee described restorative justice as a solution. She also pointed out that restorative justice would encourage repentance, not just confession, and lead to proper remedy.
Research Shows Restorative Justice Reduces Reoffending Rate, Presents Solution to Problems in Judicial Process, Prison Overcrowding
National Human Rights Commissioner Ms. Pitikan Sithidej strongly recommended restorative justice for environmental-crime cases in which ethnic groups were accused of encroaching on national parks despite the fact that their families had lived there for generations. She added that medical-malpractice cases should also be handled on the basis of restorative justice.
Mr. Atiruj Tunbooncharoen, presiding justice of Chon Buri Court, said the criminal justice process now attached importance to remedy for victims and even encouraged mediation before the cases came to courts. However, he pointed out that the restorative justice process was not without challenges given that remedy was mostly in the form of financial compensation and sometimes victims felt they were not compensated emotionally.
Also, Mr. Atiruj pointed out that courts needed supervisors from communities to watch over suspects who were bailed out without a bond.
Research Shows Restorative Justice Reduces Reoffending Rate, Presents Solution to Problems in Judicial Process, Prison Overcrowding
TIJ executive-director Prof. Phiset Sa-ardyen reckonedthat challenges existed for the implementation of restorative justice especially in the face of the huge number of cases, the need to efficiently protect criminal victims’ rights, and legal constraints. However, he explained that in essence, it took community engagement and understanding for restorative justice to materialize as at its heart were cooperation from all sides and a focus on victims.
The research on “Harmonious Justice: Thailand’ s Approach to Harmonious Justice” and “the UN Handbook on Restorative Justice Programs” (Second Edition)” promise to equip judicial personnel with practical tools to remove obstacles, facilitate remedy, and enforce laws.
You may download the full research and the Thai translation of the UN Handbook from
FASTRACK™ Technology offers affordable, water-based, quick-drying, durable coatings that improve driver safety, especially at night. FASTRACK™ Technology is now available to the Thai market.
Dow Thailand Group (Dow), has unveiled in Thailand an innovative, non-flammable, non-hazardous water-based traffic paint technology. FASTRACK™ Technology offers affordable, water-based, quick-drying, durable coatings that improve driver safety, especially at night. FASTRACK™ Technology is now available to the Thai market.
FASTRACK™ Technology is a waterborne traffic paint innovation developed in the overseas research laboratories of Dow. Excellent key features include 100% acrylic polymer technology that offers fast drying even under conditions of high humidity or low air circulation.
FASTRACK™ Technology offers excellent durability and enhanced retention of glass beads that benefits extended reflectivity and night-time visibility. It also offers low volatile content (Low-VOC) that facilitates the formulation of coatings to address stringent environmental standards. FASTRACK™ Technology, as a water-based system, offers advantages in worker health and safety and reduced air pollution. Traditional traffic paint systems have been solvent based and/or hot melt that require high energy needs (200 °C). FASTRACK™ Technology is applied at ambient conditions and spray equipment is readily cleaned with water.
Dow Thailand announces a 100% acrylic polymer for waterborne pavement markings that offers improved safety, durability, and ease of use
Puay Koon Chia, Asia Pacific Commercial Director for Dow Coating Materials said “At Dow, we see the role of business as a catalyst for change – as a driver of innovation that protects life and the environment, while helping create business growth. In alignment with our 2025 Sustainability Goals, we try to spark sustainable innovation and create shared value by solving social problems through our own technology and expertise.”
Compared to traditional systems, FASTRACK™ Technology offers a reduction in difficult and hazardous on-site work processes. FASTRACK™ Technology is already used in countries around the world including Australia, New Zealand, China, Malaysia, Japan and South Korea. In Thailand, paints formulated with FASTRACK™ Technology is currently used on airport runways, aprons, and aircraft parking lots at some of the major airports of the country. “It’s exciting to see waterbased airport marking paints applied in Thailand… the same innovative technology being used in highway markings which started in the USA 3 decades ago” added Yan Kit Kwok, Southeast Asia Commercial Director
Mercedes-Benz on Wednesday launched its “Mercedes-Benz Limitless Offers” campaign in a bid to boost automobile sales in the fourth quarter. The campaign will end on December 31.
Mercedes-Benz on Wednesday launched its “Mercedes-Benz Limitless Offers” campaign in a bid to boost automobile sales in the fourth quarter. The campaign will end on December 31. The automobile market is expected to improve in the fourth quarter as many businesses are now able to operate at near normal after being hit by the Covid-19 crisis.
The campaign offers various special deals for customers: • Buyers of all types of compact cars (A-Class, GLA and GLB), CLS 220d and Mercedes-AMG GLC43 Coupe will receive three years of Mercedes-Benz first-class protection after signing a mySTAR or financial lease contract. • Buyers of C-Class, C-Coupe and GLC-SUV vehicles, as well as E 220d, can choose special deals: – A 5-year Mercedes Benz Service Plus (MBSP) Advanced Package, a quality assurance programme, without mileage limitation. – Up to five per cent discount on down payment after signing a hire-purchase contract. – Four years of Mercedes-Benz first-class protection after signing a mySTAR or financial lease contract. • Buyers of the GLC 220d Coupe and GLC 300e Coupe can choose special deals: – A 5-year MBSP Advanced Package without mileage limitation. – Four years of Mercedes-Benz first-class protection after making a mySTAR or financial lease contract. • Buyers of the E 300e and Mercedes-AMG CLS53 4Matic+ will receive four years of Mercedes-Benz first-class protection after signing a mySTAR or financial lease contract. • Buyers of the GLE 350de and GLS 350d will receive one year of Mercedes-Benz first-class protection. In addition, a special gift and a THB5,000 prepaid fuel card will be offered to buyers who sign hire-purchase, mySTAR or financial lease contract.
Mikimoto celebrates the festive season with “Holiday Collection” and welcomes the special year-end holiday with precious pearl jewelry
The pure, natural beauty and meticulous craftsmanship make Mikimoto, the number one pearl jewelry brand from Japan, a world-renowned brand trusted and revered for over a century by women all over the world.
Timeless wonders laced with Mikimoto’s uniqueness bring about unparalleled charmful grace to women adorning with Mikimoto’s precious designs, especially the festive season and holiday at year end. This year, Mikimoto celebrates the season of joy with Holiday Collection.
Highlight pieces in the collection include White South Sea Pearl Brooch with Diamond, White South Sea Ring with Diamond and White South Sea Pearl Pendant with Diamond created from only the best quality pearls. Set on sparkly diamonds, the pure beauty of round, lustrous South Sea pearls is enhanced by meticulous jewelry designs, becoming the perfect gift for a lady on any occasion.
For those looking for charm and confidence, Morning Dew Collection offers White South Sea Pearl Earrings with Diamond and White South Sea Pearl Pendant with Diamond that symbolizes abundance. Ideal for women that look for creative uniqueness, the pieces pleasantly elongate the face and bring eye-catching elegance to every style.
Mikimoto celebrates the festive season with “Holiday Collection”
Active yet stylish women will love the luxurious White South Sea Pearl Bracelet with Diamond and Golden South Sea Pearl Bracelet with Diamond. Set with sparkly diamonds, the bracelets come in white and yellow gold with discreet Mikimoto logo, making them a perfect accessory for any occasion.
For sophisticated jewelry lover, don’t miss Akoya Pearl Earrings with Diamond and Akoya Pearl Pendant with Diamond. Created with haute craftsmanship, the design delivers gentle sweetness with alluring star-shaped sparkling diamonds.
Another highlight is the Ginza Collection with special Akoya Pearl Jewelry Set, comprising of necklace and earrings, making it an ideal gift for the approaching festive season.
Fill the season of joy this year end with precious beauty of pearls from the Holiday Collection at Boutique Mikimoto, Level M of Siam Paragon. For more information, please call 0-2129-4444.
BGRIM, a Thailands leading industrial power producer, gained recognition from the Stock Exchange of Thailand (SET) as being “sustainable” in nature in the Resources group for 2021.
B.Grimm Power PCL (BGRIM) has maintained its leading position as a listed company with sustainable operations.
BGRIM, a Thailand’s leading industrial power producer, gained recognition from the Stock Exchange of Thailand (SET) as being “sustainable” in nature in the Resources group for 2021.
It is the fourth consecutive year that BGRIM has been honoured with the title in the Thailand Sustainability Investment (THSI)’s list of 146 companies on SET with sustainable business operations.
“The honour has once again underpinned our commitment to conducting business with responsibility for the environment, society, as well as the adherence to good corporate governance principles in line with sustainable development guidelines,” said Dr. Harald Link, Chairman and President of BGRIM.
In addition to being included in the THSI 2021 list, BGRIM has also earned awards from leading local and global organisations involving in promoting sustainability. This reinforces the business philosophy of B.Grimm group, the 143-year-old parent of BGRIM, in “Doing businesses with compassion” to benefit people, society and the environment.
The honours BGRIM has garnered so far this year include an A rating from the MSCI ESG Rating, being named a member of the FTSE4 Good Index Series for the second year in a row, and being part of ESG 100 group of securities from the Thaipat Institute for four consecutive years.
Dr. Link noted that in the midst of challenges both in terms of the economy and the crisis caused by the Covid-19 pandemic, BGRIM continues to operate its business with compassion. The company has applied the crisis management to deal with such hostile situations by leveraging on its experience and expertise in producing high-quality power and offering one-stop service.
In parallel, BGRIM is pursuing digital transformation to create long-term growth and value for all stakeholders. It is also driving towards becoming a net-zero carbon emissions organisation in 2050.
Mr. Lawrence Ng, Vice President of Sales, Asia Pacific Japan, Aspen Technology sees that the post pandemic, or the new normal, is an excellent time for Thai process and capital-intensive companies to accelerate profitability and sustainability via innovation focused on digital transformation.
Q1. Competition is intense between technology companies. What advantages does Aspen Technology have over its competition and how does the company ensure consumer confidence?
Answer: Built upon the research developed at the MIT ASPEN Project, in response to the 1970s energy crisis, Aspen Technology was started in 1981. Today, 40 years later, the company has gained significant domain expertise in capital-intensive industries and offers an innovative Industrial AI solution that separates itself from more generic AI approaches.
Industrial AI is just the beginning, this disruptive innovation is well positioned to guide innovation and efficiency improvements in capital-intensive industries. This highly scalable capability enables general engineers to leverage machine learning, without being advanced data specialists or specialist engineers. Customers are confident in choosing AspenTech because of its unmatched domain expertise – we understand the industry from a time-proven perspective.
The horsepower that works comes from the fact that AI algorithms represent only 5% of the software source code, with the remaining critical 95% derived from domain expertise. Process and capital-intensive companies can confidently choose AspenTech, to reap rewards in both profitability and sustainability – via accelerated digitalization.
Q2. What are the highlights and key features in software management now and in the future?
Answer: With aspenONE V12.1 software, AspenTech has extended Industrial AI across its leading solutions to drive higher levels of profitability and sustainability in customer operations. The Industrial AI Workbench enables data scientists to collaborate with domain experts to develop AI apps, based on enterprise-wide data.
With First Principles Driven Hybrid Models, AI is directly embedded into Aspen HYSYS and Aspen Plus process simulations, enabling engineers to easily build operations-ready models calibrated with relevant plant data. In addition, Reduced Order Hybrid Models can be shared across engineering, planning, and dynamic optimization solutions to improve the accuracy and predictability of these applications. Furthermore, Deep Learning APC can deliver more accurate and sustainable models that cover a broad range of operating conditions. Together, these advanced capabilities deliver the next generation of operational excellence.
aspenONE V12.1 offers new software models that enables customers to optimize biomass processing, hydrogen production, carbon capture, and carbon emissions more accurately and systematically, focused on reducing environmental impact. New analysis and visualization capabilities can help reduce measurable waste and energy use, throughout the process from lab to production.
AI-driven 3D conceptual layouts with the introduction of Aspen OptiPlant and Aspen OptiRouter, are now integrated into the AspenTech portfolio. For industries, such as pharmaceuticals (under pressure for a faster time to market), Aspen Unscrambler, Aspen Unscrambler HIS and Aspen Process Pulse, ensures product and process quality by solving complex problems using multivariate analysis to drive more profitable processes, less deviation, and higher yield.
Companies can accelerate their digitalization journey and leverage Industrial AI to make progress toward the Self-Optimizing Plant, while increasing margins, achieving sustainability and reliable, safe operations, as well as reducing capital cost and time in bringing assets online.
Q3. How can software or artificial intelligence systems installed in plants and companies be improved? How much does it cost to upgrade these systems and what is the value derived?
Answer: Companies should focus on the value they derive, or return on investment. For example, AspenTech’s customer, BPCL, an oil and gas giant, uses digital twins to track emissions and the resulting data generated helps identify trends; correct errors; optimize production; as well as reduce carbon emissions. As a result, BPCL saved about USD 600K a year, increasing profitability, and achieving sustainability.
Locally, in Thailand, petrochemical company, Vinythai, has selected Aspen Mtell software, to achieve business sustainability via embedded AI. In doing so, the company can accelerate digital transformation, reduce failure, and improve reliability by deploying predictive and prescriptive maintenance software at its petrochemical plants locally. With this solution, companies can mine historical and real-time data to predict future failures and prescribe detailed actions to mitigate or solve problems via predictive and prescriptive maintenance.
Q4. What software or AI innovation will impact the future of businesses and how they are managed?
Answer: Accelerated digitalization will impact the future, as companies with the ability to balance profitability and sustainability can address the dual challenge more efficiently. The dual challenge mandates the need to address resources for a growing population with increasing standards of living, while balancing the need to meet sustainability goals. For example, in the new normal, supply chain management is critical, as sustainability and resiliency are two sides of the same coin.
FPCO, Japan’s largest manufacturer of food containers, and a logistics supplier, is one company that can achieve this critical balance. FPCO is committed to environmental advancement, avidly recycling used food containers and PET bottles. With more than a billion containers sold each month, selling recycled products needed to be an economically sustainable activity. The company chose aspenONE Supply Chain Management (SCM) to provide stable and responsive food distribution in an efficient, sustainable, as well as environmentally friendly manner.
In the new normal, Industrial AI can help companies navigate increasingly complex supply chain options and decisions. Momentum from rapidly changing global carbon mitigation necessitates focus on energy transition across Asia. Leading process companies are also augmenting production optimization with Industrial AI. A new class of workforce enablement technology is created, as predictive maintenance enables organizations to gain increased flexibility in maintenance.
Hybrid models combining rigorous and AI-driven models are increasingly required to optimize complex operations, more accurately and autonomously, especially for energy transition technology options. For capital projects, estimation and project progress transparency can unlock value. To manage project risk efficiently, it is necessary to visualize, analyze benchmark and share data to increase speed and certainty. The result is a more agile, collaborative, and informed asset design – with a seamless and more predictable execution process.
Q5. What should businesses be most concerned about post-pandemic and how can Aspen Technology support businesses with regards to the outlined pain points?
Answer: Post pandemic, or the new normal, is an excellent time for Thai process and capital-intensive companies to accelerate profitability and sustainability via innovation focused on digital transformation. For example, skills shortage will be a critical issue, as industry downsizing whittles down valuable domain expertise. With most data scientists being relatively new on the job, the use of digital tools and analytics looks to be on the rise, especially solutions that accelerate collaboration between the new wave of data scientists and technical domain experts.
Cost and carbon footprint reduction will remain high on the agenda. A shift in refining production mix towards chemical feedstocks is expected, as growth in chemicals is expected to account for half of the near-term demand growth for oil in Asia. Mega integrated plant projects can address changing market demands efficiently and industry trajectory shifting from oil to gas consumption continues. Natural gas and renewables can address increasing demand for electricity, and the hydrogen economy is an emerging dimension. As these new energy areas gain momentum post pandemic, rapid and powerful early concept design is crucial for the techno-economic analysis to ensure a profitable asset lifecycle.
AspenTech’s vision for the Self-Optimizing Plant is a fully digitally enabled asset that is self-learning, self-adapting, and self-sustaining. Customers want to build more agile organizations. At the enterprise level, companies need to stitch together increasingly intelligent assets into more agile and responsive value chains. This Self-Optimizing Plant capitalizes on data to generate knowledge and Industrial AI provides companies the massive ability to learn, unlearn and relearn. Thus, Industrial AI can be viewed as a strategic business weapon, combining the power of analytics and AI machine learning, with crucial guardrails of domain expertise, to extract value from industrial data.
Marriott Bonvoy unveils a food-focused domestic vacation this winter, free breakfast, generous credit and bonus points at hotels and resorts in many of the Kingdoms most desirable destinations
Which part of your vacation do you look forward to the most? In Thailand, many of life’s most magical and memorable moments revolve around food, friends and family.
To celebrate the twin pleasures of travel and gastronomy in Thailand this winter, Marriott Bonvoy has unveiled “Earn, Eat, Enjoy”, a rewarding new promotion that gives local residents the chance to experience exceptional hotel stays including daily breakfast and up to THB 2,000 of hotel credit, in a wide range of desirable destinations all across the Kingdom.
Marriott Bonvoy members will also be treated to complimentary Wi-Fi and bonus points on every stay! Not a member yet? CLICK HERE to sign-up for free!
This winter is a wonderful time of year to travel in Thailand. Whether you’re seeking a blissful beachfront break, a relaxing upcountry retreat, a fun-filled family holiday or a stylish staycation in the city, every guest can “Earn, Eat, Enjoy” with Marriott Bonvoy.
Earn, Eat & Enjoy With Marriott Bonvoy All Across Thailand!
“In Thailand, two of the most cherished parts of life are family and food. The chance to come together with loved ones and share a meal is truly precious. With Earn, Eat & Enjoy we want to reward our Thai customers by giving them the opportunity to reconnect with their friends and relatives. Every vacation will be enriched with bonus points and dining experiences in their destination-of-choice, creating memories that will be treasured forever,” said Jakob Helgen, Area Vice President – Thailand, Vietnam, Cambodia & Myanmar, Marriott International.
Having kick-started each morning with a bountiful breakfast at the hotel’s restaurant, guests can spend care-free days exploring the local area or indulging in the comfort of first-class facilities, such as shimmering swimming pools and soothing spas. The hotel credit can be redeemed for refreshing drinks around the pool, daytime bites, sunset cocktails, evening dinners and weekend brunches, or alternatively for wellness treatments, room upgrades and more!
Every guest can rest assured that their stay will be completely safe and secure. The Marriott Cleanliness Council is redefining hygiene in hotels and resorts worldwide, with a wide range of advanced health and safety protocols, including intensive cleaning procedures. All Marriott International hotels have been certified by the Amazing Thailand Safety & Health Administration (SHA).
“Earn, Eat, Enjoy” is valid for bookings made from 15 October to 31 December 2021, for stays taken before 31 March 2022. To learn more and book your gastronomic getaway in Thailand with Marriott Bonvoy, please visit https://hotel-deals.marriott.com/thailand/
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Earn, Eat & Enjoy With Marriott Bonvoy All Across Thailand!
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