Tag Archives: foundry

WesTrac to deploy Palantir Technologies’ Foundry across Component Rebuild Centres, Inventory Management teams

Palantir Technologies and WesTrac, one of the world’s largest Caterpillar dealers and leading provider of heavy mobile equipment and aftermarket services to the Australian mining and construction sectors, have announced a multi-year enterprise expansion of their partnership, which first began in 2021, to deploy Foundry across core operations.

The expanded partnership will initially focus on deploying Foundry across WesTrac’s Component Rebuild Centres and to Inventory Management teams, to drive greater overall efficiency and customer delivery for WesTrac, Palantir says.

Palantir’s Foundry operating system is being used to help increase throughput of WesTrac’s Component Rebuild Centre at its headquarters in Perth, Western Australia, and is being expanded to the Company’s Tomago facility, in New South Wales. Foundry is used daily by workshop planners and supervisors to improve task scheduling decisions, manage upcoming part constraints, and increase labour efficiency through proactive alerting on task performance and schedule adherence. Foundry will also be leveraged by WesTrac’s Inventory Management teams to identify deficits in available inventory that may block workshop progress, enabling the team to make more proactive ordering decisions, Palantir says.

Jarvas Croome, CEO at WesTrac, said: “In the current technology-rich era, WesTrac has a strong focus on incorporating enhanced data-driven decisions across our business as we look to drive our own digital transformation and improve delivery of Cat® products in Australia. Implementing Foundry has delivered a strong initial return on investment, and we anticipate the five-year expansion of our partnership with Palantir will enhance return on investment and enable more data-driven decisions. The Foundry platform has been a leading feature within WesTrac, with rapid uptake, high usability and widespread acceptance by users across the business.

“As we expand the scope of Foundry, including to new applications like artificial intelligence (AI) solutions, we expect uptake of Palantir’s products to increase. WesTrac is committed to providing world-class products and services to our customers by ensuring operations are supported by the latest technology, which is why we are pleased be extending our partnership with Palantir.”

Ashwin Rajan, Head of Commercial for Australia at Palantir, said Foundry is now serving as the digital twin for WesTrac’s core operations, delivering tangible business benefits.

“The suite of software in Foundry help front-line Component Rebuild Centre & Inventory Teams improve overall efficiency and customer delivery,” he said. “For example, in just the last six months, Foundry has identified a significant number of constrained parts blocking work order progress – and suggested remediation strategies to ensure continued operations. WesTrac predicts these outcomes alongside improvements in inventory management will drive overall throughput up by at least 5% over the next five years, with additional benefits expected in other areas such as reduced working capital requirements and improved time to invoice.”

In addition to Foundry, WesTrac plans to explore AI solutions leveraging a suite of software including Palantir’s new Artificial Intelligence Platform (AIP). AIP, Palantir says, can allow WesTrac to better connect sales to operations, by enabling sales functions to ask questions of workshop operations, to inform sales strategy and improve the accuracy of information provided to customers.

Weir ESCO breaks ground on new foundry in China

Weir ESCO has broken ground on a new foundry in China that, it says, will build capacity and support increased demand for ESCO ground engaging tools (GET), while retaining 100% of its experienced team.

Employees, dignitaries and local partners celebrated at a ground-breaking ceremony in Xuzhou, China, where Vice Mayor Gong of Xuzhou City and other elected officials, local business partners and Weir Minerals Managing Director of China, Angela Wang, were present.

The company broke ground on its new foundry in China on July 27, as the latest milestone in the future expansion of its Xuzhou site.

The project was announced in 2021, with production from the facility scheduled to start in late 2024 ahead of reaching full production in 2025.

In Weir Group’s half year results to June 30, the company noted that Weir ESCO had received a record order intake of £349 million ($426 million) for the six-month period on the back of high levels of activity in mining and infrastructure markets, plus pricing and volume growth.