SMEs and Mid-Sized Companies Lead Industrial Development Through Productivity Innovation

[49th National Productivity Conference] Productivity-Innovating SMEs and Mid-Sized Companies Also Honored
Cosmax NBT and Bulls Receive Presidential Award for Overall Excellence
Oriental Precision & Engineering Awarded Prime Minister's Commendation

At the 49th National Productivity Conference, small and medium-sized enterprises, as well as mid-sized companies that have played a leading role in the development of the national industry through their dedication to productivity innovation, were also honored with awards. Notable examples include Cosmax NBT and Bulls, which received the Presidential Award for Overall Excellence, and Oriental Precision & Engineering, which was awarded the Prime Minister's Commendation.

The 49th National Productivity Conference is being held on the 4th at the Grand Ballroom of Kintex in Ilsan. Korea Productivity Center

Cosmax NBT is a company that exports health functional foods worldwide by establishing a global distribution network. It has set up manufacturing subsidiaries in both Korea and Australia, and has established sales subsidiaries in the United States and China, enabling it to respond to local markets based on specialized capabilities in each country. Cosmax NBT's competitiveness lies in the collaboration between its domestic and overseas subsidiaries, providing a one-stop solution from product planning tailored to customer needs, through development, production, and delivery. In particular, the company has a dedicated global regulatory team within its organization, offering customized solutions for export-related regulations. In addition, Cosmax NBT has strengthened its research and development (R&D) capabilities in response to changes in the health functional food market, including the development of ultra-small dosage forms, proprietary flavors and fragrances, and advanced production lines dedicated to probiotics. Among these, the ultra-small dosage form technology called "a:dam" maintains the same main ingredient content for functionality, while reducing the size by up to 66% compared to existing products, thereby improving convenience for consumption and portability. The company also possesses a variety of functional ingredients, including "Respecta," a women's health functional ingredient, as well as materials beneficial for skin, sleep, and hangover relief. Cosmax NBT supplies products using reliable ingredients supported by clinical data.

Bulls is a company specializing in field agriculture machinery, producing and supplying autonomous agricultural machinery and agricultural robots necessary for smart farming. Since its founding in 2000, Bulls has led the field of mechanization in field agriculture, focusing on establishing a sustainable agricultural environment. Through R&D, the company has produced and supplied innovative agricultural machinery such as multi-purpose ridge formers, plastic film mulchers, soybean planters, garlic planters, onion planters, stem cutters, and harvesters, all of which contribute to reducing labor and improving productivity for farmers. Bulls’ technological strength is based on field-oriented R&D. The company uses the practical advice of farmers as a driving force for new product development, producing high-efficiency multifunctional machines needed for all stages of field crop cultivation. By providing integrated mechanization solutions from planting to harvesting of major field crops such as garlic and onions, Bulls is recognized for effectively addressing labor shortages and reducing production costs for farms. Through these efforts, Bulls is laying the foundation for smart agriculture where humans and robots coexist.

Park Dongil, Director of Industrial Policy at the Ministry of Trade, Industry and Energy, is delivering an encouragement speech. Korea Productivity Center

Oriental Precision & Engineering, a manufacturer of ship cranes and deck machinery, has implemented Sustainable Growth Production (SGP) activities to address issues unique to the shipbuilding industry, such as production bottlenecks and increased inventory burden during specific periods. As a result, the company reduced production lead time by more than 40% and improved inventory turnover by over 50%. Last year, Oriental Precision & Engineering established a production technology innovation team to promote smart manufacturing, modularization, and automation. This allowed the company to secure a stable production system capable of handling increased volumes within limited space, without the need for additional personnel. In addition, the company is pursuing sales growth and future competitiveness through active R&D investment and new product development, including joint development of wing sails for carbon reduction, localization of cryogenic and special-purpose cranes, and wind turbine platform cranes.

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