Eurasian Resources Group (ERG) says it has signed letters of intent (LOI) with ARC Advisory Group and SAP for the continuation of its large-scale digital transformation program, grounded in the principles of Industry 4.0.
Jointly with Oner Mind, ARC Advisory Group is to perform an independent technological audit of ERG’s entities in Kazakhstan, which includes power generation, aluminium and ferroalloy assets, and develop an action plan for business process optimisation, ERG said.
Commenting on the signing, Galymzhan Akhmetov, ERG’s Chief Information Officer, said: “ERG’s entities differ by industry and size; that’s why we need a world-class independent audit to maximise the effectiveness of production process management.”
Uwe Grundmann, General Manager of ARC Advisory Group’s European operations, said ERG’s digital transformation would benefit from the business’s knowledge base and experience.
In further support of the group’s ambitious programme, ERG also announced a new area of cooperation with SAP, which will see the implementation of a new system focusing on repair and maintenance management and ensuring equipment reliability.
Serik Shakhazhanov, Chairman of the Management Board at Eurasian Group LLP, which operates ERG’s entities in Kazakhstan, said the partnership would enable the group to enhance its competitive edge and develop the best industry practices of asset management.
The milestone was also welcomed by Eugene Teremov, Managing Director of SAP Kazakhstan, who said the signatories have a shared commitment to innovation.