LG eyes W1tr sales in smart factory solutions by 2030


LG Electronics aims to achieve over 1 trillion won in sales in the smart factory solutions business by 2030, leveraging artificial intelligence, digital transformation technologies, and manufacturing data. The company has already made significant progress in its inaugural year of operation, with projected orders for smart factory solutions amounting to about 300 billion won this year. LG's smart factory business is expected to be a key contributor to its 2030 vision, with a focus on industries such as semiconductors, pharmaceuticals, the bioindustry, and food and beverages. LG Electronics has established itself as a leader in smart factory solutions, integrating its manufacturing expertise, AI, and digital transformation to provide comprehensive production process roadmaps. The company's manufacturing plants in the US and South Korea have been recognized for their smart factory capabilities, leading to increased productivity, energy efficiency, and reduced quality-related costs. LG has also established an experience center in Pyeongtaek, known as the Smart Factory Acceleration Center, to showcase its solutions and provide support to potential clients throughout their manufacturing journey. In summary, LG Electronics is positioning itself as a partner in its customers' manufacturing journey, offering comprehensive smart factory solutions and leveraging its expertise to drive growth in the smart factory solutions business.


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