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Interpipe has demonstrated the economic potential of industry 4.0

Ukraine / Ferrous metallurgy

In the framework of Kyiv International Economic Forum -2019 Denis Morozov, Director for Economics and Finance Interpipe participated in the thematic panel "Unleashing the economic potential of industry 4.0".

Interpipe has demonstrated the economic potential of industry 4.0

In the modern world implementation of IT solutions is not a fad, but a harsh inevitability, which allows business to live in a new reality. When Interpipe has started to diversify its supply to foreign markets – EU, USA, Middle East, the company had to perform detailed and complex orders.

There are a lot of new information that had to process and analyse, to plan the production program. IT solutions helped establish a chain of traceability from raw material to finished product, more precisely to understand the cause of the problem and point to remove it. A paradigm shift from scheduled maintenance to diagnostic repair allowed the company to reduce downtime and efficiently manage your inventory parts.

"Artificial intelligence is not yet able to replace humans. Today we train and give him your knowledge, it helps a person to make decisions. But now the IT solution is already close to having to take over this function. I think that sooner or later, after 5-6 years, the system will accumulate all this experience and will work not worse than the person", - says Denis Morozov.

Interpipe is a Ukrainian industrial company, a manufacturer of seamless and welded pipes and railway products. The company is in the TOP 10 of the world's largest exporters of seamless pipes and is the third largest producer of solid-rolled railway wheels.

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