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- LG Accelerates Smart Factory Solutions with AI and 66-Year Manufacturing Expertise
LG Accelerates Smart Factory Solutions with AI and 66-Year Manufacturing Expertise
Slice of Manufacturing Team
July 22, 2024
Key Highlights:
LG integrates AI and DX with 66 years of manufacturing expertise.
Production engineering Research Institute (PRI) extends expertise to external clients.
PRI anticipates KRW 200 billion in orders from smart factory solutions.
LG aims for multi-trillion KRW enterprise by 2030 in smart factory solutions.
Lighthouse Factories recognition by the World Economic Forum.
Source (PR Newswire)
Notable Quote:
"We will offer optimal smart factory solutions at every stage – from planning and design to construction and operation – becoming the ideal partner that supports our clients throughout their entire production journey."
Our Take:
LG's strategic integration of AI and digital transformation into its smart factory solutions is a significant advancement in manufacturing technology. By leveraging 66 years of accumulated manufacturing data and expertise, LG is well-positioned to lead the global smart factory market, which is projected to reach USD 268.46 billion by 2030. The establishment of PRI's services for external clients marks a pivotal expansion into new industries with growing factory demands. Recognized as Lighthouse Factories, LG’s implementation of these solutions underscores the effectiveness of their approach, leading to substantial productivity, energy efficiency, and quality improvements. This forward-thinking strategy not only enhances LG's competitive edge but also drives the growth of its B2B sector, aligning with its 2030 Future Vision.