Mumbai, July 15, 2014: L&T Technology Services has been selected by AkzoNobel to provide technical services in a move to further drive engineering excellence and cut back costs in its capital expenditure (CAPEX).
L&T Technology Services will provide engineering services for CAPEX projects by executing non IP-sensitive engineering activities in the Front End Engineering Design and in the Detailed Design phase. In addition, this will also provide access to a large vendor network and support shortening of project lead times.
L&T Technology Services will use AkzoNobel’s systems, tools and methods to provide engineering services in order to safeguard the quality and incorporation of AkzoNobel’s engineering and Health Safety & Environment (HSE) standards. As an integral part of this association, L&T Technology Services will have a core team that will support and work closely with AkzoNobel’s Projects & Engineering Teams.
David Allen, Head of Supply Chain, Research & Development, AkzoNobel said, “In L&T Technology Services we have found a competent and an experienced engineering company with a global presence. We are confident to execute our capital projects safely, reliably and more efficiently with them.”
Also speaking on this occasion, Dr Keshab Panda, Chief Executive, L&T Technology Services, said, “We are proud to be providing technical support to AkzoNobel. We look forward to closely work together to further align our engineering standards, tools and work processes and execute pilot projects in the next few months.”
About Larsen & Toubro
Larsen & Toubro is a USD 14.3 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Its products and systems are marketed in over 30 countries worldwide. L&T is one of the largest and most respected companies in India’s private sector. A strong, customer– focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 49 innovation labs as of September 30, 2019.
For additional information about L&T Technology Services, log on to www.LTTS.com.