LG CNS launches virtual factory and lab business

The digital transformation arm of the LG Group aims to remotely control -- and anticipate needed repairs of -- factories abroad 

The Smart F&C division within LG CNS demonstrates a virtual factory during its demo day on June 9 in Seoul
The Smart F&C division within LG CNS demonstrates a virtual factory during its demo day on June 9 in Seoul
Ji-Eun Jeong 1
2022-06-09 17:02:24 jeong@hankyung.com
Research & Development


LG CNS announced Thursday it will launch a new business of developing virtual factories and labs as part of its broader digital transformation offerings. 

The LG Group subsidiary explained it has recently completed the proof of concept (PoC) on building a virtual factory and has begun building one that specializes in developing new materials. 

A virtual factory refers to an online rendition of a factory and the facilities equipped inside, which analyzes data that originates from the physical location to devise the optimal operational plan.  

The facilities can be monitored and controlled in virtual space, which in turn allows for forecasting needed repairs and updates. 

LG CNS is also pursuing a virtual lab business, in which various attempts can be made – from conducting durability tests to developing new materials.

Write to Ji-Eun Jeong at jeong@hankyung.com
Jee Abbey Lee edited this article.
#LG Group #LG CNS #digital transformation #VR #AR #virtual reality #PoC

LG Group to invest $119 million into 300 startups through 2025

LG Group to invest $119 million into 300 startups through 2025

At the launch event of LG Group's startup accelerator brand Superstart, LG Sciencepark President I.P. Park (with glasses and plaid blazer in the middle) poses with his team for the camera LG Group announced Thursday it will invest 150 billion won ($119 million) into 300 startups through 2025.

LG to sponsor Guggenheim’s move for tech-based art

LG to sponsor Guggenheim’s move for tech-based art

The Guggenheim in New York (Courtesy of LG Corp.) LG Group, South Korea’s No. 4 conglomerate, is set to support the Guggenheim’s move for technology-based art as the consumer electronics-to-chemicals chaebol aims to promote the brands of its affiliates.LG and the Guggenheim on Wedne

LG Chem to launch JV with China's Huayou Cobalt for battery materials

LG Chem to launch JV with China's Huayou Cobalt for battery materials

LG Chem CEO Shin Hak-cheol (L) and Huayou Cobalt Chairman Chen Xuehua (R) sign a joint venture agreement at LG's headquarters in western Seoul on May 30 LG Chem Ltd. announced Tuesday it will set up a joint venture with Chinese mining company Zhejiang Huayou Cobalt Co. to secure a steady supply

LG to buy back $398 mn of its own shares

LG to buy back $398 mn of its own shares

LG headquarters in Seoul South Korean conglomerate LG Corp., known as LG Group, announced on May 27 that it will buy back 500 billion won ($398.1 million) of its own shares by end-2024. The holding company said it will entrust Korea’s KB Securities Co. with the share buyback.  &nbs
(* comment hide *}