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Steel producer HBIS Laoting Steel relies on PSI software in the new steel mill

EQS Group Tuesday, 19 February 2019
DGAP-News: PSI Software AG / Key word(s): Incoming Orders/Contract

19.02.2019 / 11:05
The issuer is solely responsible for the content of this announcement.
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*Steel producer HBIS Laoting Steel relies on PSI software in the new steel mill*
PSImetals 5.0 for the digitization and harmonization of the production processes

*Chinese steelmaker HBIS Laoting Steel Co. Ltd. awarded PSI Metals with the implementation of the production management software PSImetals Planning, Quality Management, Production and Logistics in the new steel plant in Tangshan Laoting after a two-year evaluation phase.*

HBIS Laoting decided in favor of PSI Metals due to its leading global market leadership in production management software for the metals industry. With the implementation of PSImetals, the project objectives of HBIS Laoting should be optimally achieved in line with the Chinese initiatives "Industry 4.0" and "China 2025". These include e.g. the digitization of production processes for more transparency, system integration for harmonized information, business and data flows with the support of big data applications.

In the future, the new production facility should produce high-quality steels with a capacity of around 10 million tons. Already at the beginning of the planning of the new plant, the new information system formed a central component in the overall project. Zhang Chi, General Manager of HBIS Laoting Steel commented: "Measured by the relatively low investment, the information system plays a key role as a centralized system."

The strategic PSI partner Primetals Technologies Germany GmbH supplies the equipment for the steel and cold rolling mill. Go-live is scheduled for February 2020.

HBIS Laoting was founded in 2017 in order to transfer production capacity out of the core city of Tangshan. The company belongs to HBIS Group Co., Ltd, which is one of the largest Chinese manufacturers of iron and steel materials and one of the most important providers of a comprehensive service portfolio.

On the basis of its own software products, the *PSI Group* develops and integrates complete solutions for optimizing the flow of energy and material at suppliers (energy networks, energy trading, public passenger transport) and industry (raw material extraction, metal production, automotive, mechanical engineering, logistics). PSI was founded in 1969 and employs 1,900 persons worldwide. *www.psi.de*

*Contact:*

*PSI Software AG*
Karsten Pierschke
Head of Investor Relations and Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany

Phone +49 30 2801-2762
Fax +49 30 2801-1000
E-Mail: kpierschke@psi.de
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19.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de --------------------

Language: English
Company: PSI Software AG
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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