Yujin Group and Singapore's Pan United Jointly Develop 'Smart Factory System'

Jinhak Jeong, President of Yujin Corporation (left), and Ken Ro, Chief Operating Officer of Pan United, are posing for a commemorative photo at the business agreement ceremony held in Singapore on the 27th of last month.

[Asia Economy Reporter Kim Daeseop] Eugene Group announced on the 6th that its parent company, Eugene Corporation, has signed a smart factory business agreement with the Singaporean company Panunite.

The signing ceremony took place in Singapore on the 27th of last month. This business agreement involves applying an AI-enabled ready-mix concrete manufacturing management system to a Korean-style ready-mix concrete smart factory. Panunite is a company engaged in solution development businesses based on concrete and logistics technologies.

The system developed by this company is a 'Supply Chain Management (SCM)' program utilizing AI, data analysis, algorithms, mobile applications, cloud servers, and the Internet of Things.

The Korean-style system that Eugene Corporation is jointly developing this time aims to adapt the existing system, which was designed for urban areas, to better suit the broader regional characteristics of Korea. According to the company, using this system can reduce costs by approximately 8 to 45% depending on the business process.

Eugene Corporation plans to complete the development by 2027 after introducing pilot facilities in 2022.

Ryu Deokhyun, Executive Director of Eugene Corporation's Technology Research Institute, said, "Eugene Corporation has led ready-mix concrete technology development, including being the first in the domestic ready-mix concrete industry to establish a concrete technology research institute," adding, "We plan to continue investing steadily to advance the ready-mix concrete industry through the establishment of smart factories."

This content was produced with the assistance of AI translation services.