LS Electric Discusses Expansion of Smart Factory Business in Thailand

Thai Ambassador to Korea and Delegation Visit Cheongju Smart Factory

From the sixth person on the left, Wichu Wetcha, the Ambassador of Thailand to Korea, Niti Patarachok, President of SCG, and Choi Soon-hong, Senior Advisor of LS Electric, are taking a commemorative photo. / Provided by LS Electric

[Asia Economy Reporter Kim Pyeonghwa] LS Electric introduced its smart factory technology to the Ambassador of Thailand to Korea and executives of local major companies, seeking ways to expand business cooperation.

LS Electric announced that Wichu Wetthachai, the Ambassador of Thailand to Korea, and Niti Patarachok, President of Thailand's SCG, visited the company's Cheongju plant on the 3rd to tour the smart factory site and discuss future local business and technology cooperation plans. SCG, established in 1913, is Thailand's second-largest group, focusing on construction, chemicals, and packaging sectors.

The G Building at LS Electric's Cheongju plant, introduced that day, is a smart factory with an automated system established across the entire line, from parts to assembly, testing, and packaging of low-voltage power devices. Last year, it was selected as a 'Lighthouse Factory' by the World Economic Forum (WEF), the second Korean company to receive this recognition.

Joo Wookdong, Executive Director of LS Electric, who guided the visit, said, “Since the establishment of the smart factory, production efficiency has improved by 40%, downtime has decreased by 68%, and quality-related costs have been reduced by 76%, achieving various financial and operational values,” adding, “We hope that smart factory technology, which realizes system transformation through the convergence of information and communication technology (ICT) and automation technology, enabling not only mass production of diverse products but also customized, small-lot multi-product production, will be widely disseminated in ASEAN countries experiencing rapid growth rates.”

President Patarachok said, “It was a great opportunity to directly observe Korea's representative smart factory and energy management solutions,” and added, “We believe that various business opportunities can be explored together in Thailand.”

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