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CEO Kwon directly manages POSCO's transformation into smart industry

Feb. 26, 2017
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  • - CEO Kwon moves forward with the sharing of smart factory solutions and joint global business by visiting SIEMENS and GE
    - Plans to create unique "Smart Industry" business opportunities for POSCO

    POSCO CEO Ohjoon Kwon will pay focused attention to transforming POSCO into a Smart Industry company.


    From February 26 to early March, CEO Kwon will visit SIEMENS in Germany and GE in the United States, both of which have advanced smart factories. CEO Kwon will meet SIEMENS' CEO Joe Kaeser, CTO Roland Busch, Managing Board member Klaus Helmrich, who are in charge of smart factories and digitalization and Bill Ruh, CEO of GE Digital, all of whom have responsibility for their companies' smart factories and digitalization and discusses the introduction of a smart factory and a smart industry to POSCO. During this visit, CEO Kwon will be accompanied by Doo-Whan Choi, president of POSCO ICT and Mi-hwa Park, head of the Office of Information Planning and a managing director of POSCO ICT in charge of the Smart Factory Project of POSCO Group.


    ▶ CEO Kwon met Joe Kaeser, CEO and Roland Busch, CTO of SIEMENS to discuss POSCO-type smart factories and smart industry solutions in Munich, Germany on February 28 (from left).


    With an eye towards securing future competitiveness and pruning costs, POSCO has established itself as a company taking the lead in turning the Korean manufacturing industry into a smart manufacturing industry by integrating ICT technology with the group's core business such as steel, construction, and energy since forming the Smart Solution Council in 2016.


    POSCO's Smart Factory is designed to produce and supply best-quality products most economically by ably combining 50 years of experience and know-how and IoT(internet of things), Big Data and AI(artificial intelligence) technology.


    As a result, the plate mill at Gwangyang Works is pushing ahead with applying smart technology to its integrated production process by building data integration infrastructure that encompasses all of its operations, quality, and facilities and establishing a data pre-analysis system that can preemptively detect or predict abnormalities. On the other hand, the second hot strip mill at Pohang Works is implementing smart technology using laser sensors and artificial intelligence (AI).


    POSCO CEO Ohjoon Kwon is planning to develop new business opportunities under the name of "Smart Industry" this time by integrating various industries and ICT technologies via cooperation with advanced companies, going beyond a smart factory which increases the fundamental competitiveness of its current business.


    CEO Kwon's plan is to ultimately transform the group's entire business structure for Smart Industry by building platforms in all of the group's business areas such as Smart Factory, Smart Building & City, and Smart Energy and actively exploring the smart solution business with the participation of POSCO's major affiliates such as POSCO E&C, POSCO Energy and POSCO ICT. Already, POSCO is beginning to foster artificial intelligence specialists by launching curriculum in concert with POSTECH.


    ▶ Earlier on February 27, CEO Kwon had a discussion with SIEMENS' Managing Board member Klaus Helmrich and visited its Amberg Factory being operated as a smart factory. The site is an innovative factory that optimizes the production process and reduced the defect rate to 1/40th by collecting and analyzing 50 million pieces of information a day via 1000 IoT sensors.


    SIEMENS, which CEO Kwon will visit, is a digital company that integrates control, measurement and IT, and is operating its Amberg factory as a smart factory. With about 1,000 IoT sensors installed, it is possible to check products for abnormalities at each stage of the process, stop the production line immediately as soon as defective products are found, and replace them with new ones. By analyzing 50 million data a day, SIEMENS can optimize the production process and reduce the defect rate by a factor of 40.


    GE is shifting to a software company by combining its traditional manufacturing industry that produces aviation engines and power turbines with new IT technology. Recently, the company built digital ecosystems in its factories by bringing in software specialists, forming a digitalization promotion organization and developing diagnostic and monitoring analysis applications. Like POSCO's Smart Factory model, GE's power generation turbine plant in Greenville is being converted into a smart factory. GE is also running the AMW (Advanced Manufacturing Works) to preemptively study technologies for the smart factory.

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