Partnership Agreement Signed with IFP Group for Business Expansion in Southeast Asia

2023/10/25

 

PlantStream Inc. (Headquarters: Chuo-ku, Tokyo, CEO: Seitaro Narue hereinafter referred to as “PlantStream”), is pleased to announce the signing of a partnership agreement with IFP Group (Headquarters: Malaysia, President and CEO: Ragunath Bharath, hereinafter referred to as “IFP”).

IFP is a company with extensive experience and advanced technology, specializing in providing a wide range of engineering solutions in the field of oil and gas, with a focus on Southeast Asia. These solutions encompass various plant design aspects, including process, piping, mechanical, electrical, instrumentation, civil, and structural, as well as pre-commissioning and commissioning support. Through this partnership, IFP now has the capability to offer more rapid and efficient 3D design services using PlantStream’s advanced 3D CAD software, “PlantStream®.” The collaboration between PlantStream and IFP will allow a broader audience, especially in Southeast Asia, to experience the benefits offered by PlantStream®.

Related Page about the Partnership with PlantStream (IFP Website):

https://www.ifp.com.my/plantstream/

 

 

Comment from Seitaro Narue, CEO of PlantStream:

We are thrilled that this partnership will allow us to provide swift and efficient 3D design, as envisioned by PlantStream, to a more extensive customer base worldwide. Moving forward, we will focus on realizing an even more efficient 3D engineering process and supporting our client’s business transformation by continually developing and enhancing PlantStream®. PlantStream, in collaboration with IFP, is committed to revolutionizing the engineering workflow in the plant industry and driving further business efficiency.

Comment from IFP Chairman and Malaysian Oil & Gas Engineering Council (MOGEC) President, Abd Rashid Md Sidek:

This partnership aligns with IFP’s long-term objective of forming strategic technology alliances with partners to drive technology development and provide cutting-edge services to clients. IFP is the first company representing PlantStream® services outside of Japan, signifying our dedication to industry innovation. By harnessing digital technology and our service, we are confident that we can overcome some of the current challenges faced by the industry.

 

 

About PlantStream®

PlantStream® is a 3D CAD software with strengths in auto routing for spatial design in plant engineering, including layout planning, piping, civil & architectural work, as well as electrical & instrumentation. It combines the expertise of Chiyoda Corporation, a major player in the plant engineering industry, and Arent Inc., a 3D CAD specialist, to address various design challenges in the plant engineering sector. PlantStream® employs routing algorithms based on industry design knowledge, enabling the rapid and accurate design of piping and cables. This has reduced the time required for design, allowing around 1,000 pipes to be automatically designed in just one minute, instead of the two hours it previously took to design each pipe. Presently, it is used by over 30 companies, both domestic and international, in the engineering and plant owner sectors.

 

 

Company Information:

About PlantStream Inc. 

  • Location: Chuo-ku, Tokyo
  • Established: 2020
  • Representatives: CEO Seitaro Narue, Co-CEO Takeshi Oda

 

About IFP Group 

  • Subsidiaries and associated companies
    IFP Engineering Solutions Sdn. Bhd.
    IFP Engineering Consultancy Sdn. Bhd.
    Innovative Fluid Process Sdn. Bhd.
  • Location: Shah Alam, Selangor, Malaysia
  • Established: 2001
  • Representative: President and CEO Ragunath Bharath
  • Corporate Website: https://www.ifp.com.my/