According to the Nikkei news website, South Korean home appliance maker LG Electronics will invest 600 billion won (about 525 million U.S. dollars) to build a smart appliance factory in South Korea that uses artificial intelligence and IoT technology. LG Electronics showcased a smart refrigerator during IFA2017 (Image courtesy of Nikkei News) LG Electronics announced on Wednesday that its Smart Factory will be built in Changwon, Gyeongsangnam-do with a gross floor area of ​​336,000 square meters and is expected to be completed in 2023, which will replace the existing existing home appliance manufacturing plant. In the smart factory, LG will establish a whole process efficient management system from parts procurement, production to quality inspection and product transportation. Artificial intelligence will automatically control the production flow from production planning to plant operation, saving time for each step. At present, the six workshops in the existing home appliance manufacturing factories produce refrigerators, cooking utensils and other kitchen appliances respectively. LG believes that the simple expansion of the factory is not enough to withstand the growing competition from China, so LG will build a new factory and introduce new production lines. After the completion of the new factory, LG's production capacity will be raised from 2 million units in existing plants to 3 million units per year. LG's production capacity will gradually shift from 2021 to the new factory. "The smart factory will be the flagship base for high-end appliances to be available in the global market," said a person in charge of LG. LG Smart Factory also uses green technologies such as photovoltaic systems and rechargeable batteries to reduce greenhouse gas emissions. According to Euromonitor, a UK market research firm, LG Electronics is the fourth largest producer of refrigerators and washing machines in the world with 6.7% and 7.9% share of the global refrigerator and washing machine market respectively. Water Chiller For Ice Bath,Water Chiller For Cold Plunge,Cold Plunge Chiller,Ice Bath Chiller,Ice Bath Water Chiller GUANGZHOU GENT NEW ENERGY TECHNOLOGY CO., LTD , https://www.gentgz.com
LG plans to build intelligent home appliances factory will use artificial intelligence technology