Hyosung ITX Collaborates with POSCO ICT to Develop Smart Factory Solutions

[Asia Economy Reporter Hwang Yoon-joo] Hyosung ITX is embarking on the development of solutions to expand the smart factory market.

Hyosung ITX, an IT-specialized affiliate of Hyosung, announced on the 20th that it signed an MOU with POSCO ICT at the POSCO ICT Pangyo office for the development of smart factory solutions. The MOU signing ceremony was attended by Nam Kyung-hwan, CEO of Hyosung ITX, and Son Geon-jae, President of POSCO ICT, among others.

The smart factory solution is a system that collects and analyzes data throughout the entire process related to products, including manufacturing, production, and sales, to assist in quick and accurate decision-making in the production process.

Since 2017, Hyosung ITX has been building smart factories in various domestic and overseas factories within the group, accumulating expertise in diverse manufacturing fields such as textiles, chemicals, and heavy industries. POSCO ICT also has extensive experience and know-how in applying smart factories to steelworks operated by POSCO. Both companies expect that this MOU will enable the construction of optimized systems tailored to the characteristics of each manufacturing company.

To this end, they agreed to share all hardware and software-related technologies across the entire smart factory domain. This includes △Integrated production management system (MES, Manufacturing Execution System) for work schedules and performance aggregation △Supply chain management system (SCM, Supply Chain Management) from parts procurement to customers △Visualization analytics system (VAS, Visual Analytics System) that allows users to check quality and process management status in real time.

Meanwhile, Hyosung ITX has been engaged in the smart factory business since 2017, based on IT competitiveness grounded in key technologies of the 4th Industrial Revolution such as IoT, cloud, and big data.

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