Today Saint-Gobain Germany and RIB Software SE announced the formation of a new joint venture SGTWO. For RIB, the 100% subsidiary YTWO will act as shareholder of the new company.
Senior Partner of McKinsey & Company, Dr.-Ing. Gernot Strube, spoke at iTWO World 2018 and shared his insights on the “avalanche” of change in the construction industry, the key drivers of the avalanche and what we need to do.
On November 7-8, 2018, over 800 guests from more than 30 countries and regions gathered in Guangzhou, China to participate in iTWO World 2018, the top technology event in the construction and real estate industries. This year, it hit a record high number of participants. iTWO World 2018, jointly organized by RIB and YTWO Formative, centered around “Inheriting the Bauhaus Spirit.” The adoption of the “Bauhaus spirit” is meant to lead the construction and real estate industries through their industry-wide transformation: the digitalization transformation.
Transforming the Real Estate Industry through Digitalization and Industrialization at Expo Real 2018
YTWO Formative successfully established its presence by participating in Europe’s largest international real estate and investment trade fair, Expo Real which was held in Munich, Germany on October 8 to 10. During the three-day exhibition, YTWO Formative conducted productive conversations with top real estate industry leaders, and the transformative YTWO solution attracted guests’ attention and received high recognition.
In August 2018, Myhome Prefabricated, the leading Chinese prefabricated construction enterprise, successfully launched YTWO Formative’s cloud-based 5D BIM enterprise platform, and it has now become an integral part of their business operations. Through the completion of YTWO’s certification process and implementation of the User Acceptance Testing (UAT) documents, Myhome has sent out optimized business operation blueprints across all their departments. This has also enabled Myhome to setup 3D modeling and quantity survey (QS) rules geared for enterprise-wide operation sustainability.
On October 8 – 10, 2018, YTWO Formative will be exhibiting at EXPO REAL 2018 in Munich, Germany. During the three-day fair, the YTWO team will host live demos and information sessions from the booth (Hall C2, Booth 011) on the advantages of implementing digital innovation in the real estate industry.
YTWO Formative is successfully expanding its supply chain ecosystem. Recently, two of the global clients have placed orders through YTWO Formative’s expanding material catalog. It is the first step in proving homes can be manufactured through lean processes under a single consolidated technology platform providing transparency to all stakeholders. Through mutual trust, client collaboration, agile methods, and cross-industry supply chain expertise, YTWO Formative is addressing client challenges and helping them strengthen their core business practices and competitive advantages.