Singapore-headquartered Yantai Raffles Shipyard (YRS) Ltd. is a leading offshore and marine fabrication specialist. Founded in 1994, the company's production facilities are located in Yantai, China. YR S specializes in the construction of marine and offshore projects that include jack-up drilling rigs, semi-submersible drilling rigs, pipe lay vessels, floating production, storage and offloading vessels (FPSO) and other prototype vessels, as well as luxury yachts.
The emergence of the Shipbuilding and Energy industries in China has given YRS a strategic chance to further strengthen its leadership position in the domains. Given that these sectors are enjoying continued double-digit growth worldwide, YRS is presented with tremendous opportunities to increase sales and expand its market share.
Faced with the dramatic rise in demand in the offshore and marine industry, YRS realized that it needed to quickly move away from paper-based systems and 2D tools and migrate to a 3D-based model system to stay ahead of the competition. YR S chose Dassault SystÃ¨mes Product Lifecycle Management solutions (DS PLM) including: CATIA for offshore structural design; SIMULIA for stress analysis on parts and assembly; ENOVIA VPLM for collaborative product lifecycle management and decision-making; and DELMIA for vessel production and simulation.