POSCO DX to team up with PwC Consulting for smart factory business
Two companies plan to combine their strengths, POSCO DX's expertise in smart factory building and PwC's consulting capabilities
By May 15, 2023 (Gmt+09:00)
MBK’s Korea Zinc takeover attempt to spur search for white knights
Korea Zinc, MBK face proxy war for zinc smelter
Korea Zinc shares skyrocket after buybacks in tender offer
Lotte to liquidate rubber JV in Malaysia, sell overseas assets for $1 bn
Samsung to unveil 400-layer bonding vertical NAND for AI servers by 2026
POSCO DX Co., formerly POSCO ICT Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Monday that it has entered into a strategic partnership with PwC Consulting to jointly promote the spread of smart factories in the industrial field.
POSCO DX possesses smart factory technology and know-how, including the establishment of smart factories in POSCO's production sites and enabling POSCO Pohang Steel Mill to be selected as a "Lighthouse Factory" by the World Economic Forum, the first of its kind in South Korea.
By combining PwC Consulting's global network and consulting expertise, the collaboration is expected to generate synergy by securing a competitive advantage in the field of smart factories through joint marketing and business execution.
POSCO DX is driving the advancement of smart factories by incorporating digital twin technologies such as 3D visualization, simulation and control interfaces in collaboration with POSCO.
The goal is to establish a digital twin production system that supports optimal decision-making in operations, equipment, quality, safety and environmental management by creating virtual factories that replicate the real-world environment.
By testing new technologies and equipment in the virtual environment before implementing them in actual factories, efficiency in terms of cost and time can be realized.
"We plan to apply the digital twin-based smart factory to POSCO's steelworks as a pilot project and expand its application to external production sites where our smart factory has been implemented," an official from POSCO DX said.
Write to Hyung-Kyu Kim at khk@hankyung.com
-
Tech, Media & TelecomPOSCO ICT to be rebranded as POSCO DX for digital transformation
Feb 20, 2023 (Gmt+09:00)
1 Min read