Montreal, Québec (Canada) – February 13, 2023 – Macrodyne Technologies Inc., North America’s largest hydraulic press manufacturer, has been selected to receive 2.2 million funding to develop AI based Supply Chain solutions from Montreal-based Scale AI, a technology supercluster funded by the federal and Quebec governments.
Macrodyne, a leading hydraulic press manufacturer and supplier to compression molding industry, has seen an opportunity to help solve the complexity in compression molding supply chain for recycled plastics by providing equipment and AI-enabled software solutions to source feedstock to allow for the circular manufacturing of all types and blends of plastics.
Macrodyne will lead the project by partnering with ReGen, Winnipeg based designer and licenser for the Circular Manufacturing Technology; Moov AI, Quebec based artificial intelligence and machine learning solutions provider; SimWell, Quebec based leader in simulation model to develop the new technological suite. This project will make Macrodyne the first amongst press OEMs to invest in AI based logistic solutions that will provide substantial value for its customers. With this solution, the partners expect to see a major improvement in operational efficiency, by using technologies to plan and optimize the supply chain operations instead of doing it manually and/or based on operators by experience judgment.
To achieve the desired results, two AI modules will be developed, a supplier feedstock prediction module that will predict the distribution of feedstock at supplier sites, as well as a pickup cost optimizing module that will combine the predicted supplier feedstock with the inventory needs of processing plants and current information on suppliers, availability of drivers, trucks, and time constraints.
“We see an opportunity to support our customer base with a holistic software solution by not only providing the OEM capital equipment, but also providing a complete software solution tooling to help feed the equipment and to run their operations by utilizing supply chain tooling with AI.”, said Kevin Fernandes, president of Macrodyne Technologies. “In Addition, there will be a significant environmental impact for this project as this is for circular manufacturing, and this will help completely eliminate the plastic waste stream globally”.
The Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, and several other business partners, were present at SCALE AI’s Montreal office to unveil the 15 projects including Macrodyne’s project that were selected for the financial funding support through SCALE AI.
Macrodyne, a leading hydraulic press manufacturer and supplier to compression molding industry, has seen an opportunity to help solve the complexity in compression molding supply chain for recycled plastics by providing equipment and AI-enabled software solutions to source feedstock to allow for the circular manufacturing of all types and blends of plastics.
Macrodyne will lead the project by partnering with ReGen, Winnipeg based designer and licenser for the Circular Manufacturing Technology; Moov AI, Quebec based artificial intelligence and machine learning solutions provider; SimWell, Quebec based leader in simulation model to develop the new technological suite. This project will make Macrodyne the first amongst press OEMs to invest in AI based logistic solutions that will provide substantial value for its customers. With this solution, the partners expect to see a major improvement in operational efficiency, by using technologies to plan and optimize the supply chain operations instead of doing it manually and/or based on operators by experience judgment.
To achieve the desired results, two AI modules will be developed, a supplier feedstock prediction module that will predict the distribution of feedstock at supplier sites, as well as a pickup cost optimizing module that will combine the predicted supplier feedstock with the inventory needs of processing plants and current information on suppliers, availability of drivers, trucks, and time constraints.
“We see an opportunity to support our customer base with a holistic software solution by not only providing the OEM capital equipment, but also providing a complete software solution tooling to help feed the equipment and to run their operations by utilizing supply chain tooling with AI.”, said Kevin Fernandes, president of Macrodyne Technologies. “In Addition, there will be a significant environmental impact for this project as this is for circular manufacturing, and this will help completely eliminate the plastic waste stream globally”.
The Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, and several other business partners, were present at SCALE AI’s Montreal office to unveil the 15 projects including Macrodyne’s project that were selected for the financial funding support through SCALE AI.
To learn more about Macrodyne Technologies Inc., visit www.macrodynepress.com.
Media contact: marketing@macrodynepress.com
Media contact: marketing@macrodynepress.com
