LG Smart Park selected by the World Economic Forum

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LG Smart Park, a production base of LG Electronics (LG), has been selected as a Lighthouse Factory by the World Economic Forum (WEF). Shaping the future of manufacturing, WEF “Lighthouse” facilities implement Fourth Industrial Revolution technologies, such as the Internet of Things, big data, artificial intelligence and robots, into manufacturing and supply chain operations to deliver a wide range of benefits, from increased production efficiency to enhanced environmental sustainability.

«As the world grapples with many challenges, it is remarkable to see how Lighthouses are yielding sustainability benefits while achieving business goals, which we call eco-efficiency – said Francisco Betti, head of shaping the future of advanced manufacturing and value chains, World Economic Forum -. We need them to continue illuminating the way forward for the global manufacturing community by shaping a responsible future of manufacturing that works for people, society and the environment.»

Over the past five years, LG has transformed its factory complex in Changwon, South Korea into LG Smart Park, a futuristic hub of home appliance manufacturing. The key elements of the transformation are a digitally-enabled end-to-end three-dimensional logistics system, an advanced analytics system based on edge computing technology and machine learning that predicts defects, and state-of-the-art facilities that can mass-produce multiple models to respond flexibly to customer requirements.

«LG Smart Park illustrates our strong commitment to adopting the revolutionary technologies as the leader of the global premium home appliance market – said Lyu Jae-cheol, president of the LG Electronics Home Appliance & Air Solution Company -. We are presenting a blueprint for the future of manufacturing, one that delivers better outcomes across environmental, economic and employment aspects.»