No and Yes, or Yes and No. This is not an "easy" process if you ask me. You have some extremely old gear, the operating system alone is probably 15 years old and the hardware is also ancient. I am not even sure I would recommend virtualizing this 1:1. I would recommend to sit down with a local expert. Look at the applications that control the factory processes. Figure out if you can run these apps on a newer operating system (LINUX based) and move those apps to the new OS if even possible.
At the same time, I would recommend having a conversation with your management. Discuss how fragile and ancient the current set up is. Ask them to consider funding a project to update the applications that drive the processes. Are these custom apps? Is there anyone still around who initially involved with these? Can the functionality be rewritten/ported to a new platform? They will ask you why they should bother/consider probably. Ask them what the cost would be of the factory being down for weeks if the hardware breaks or if the software stops working for whatever reason.