All Press Releases for July 07, 2022

[Pangyo Tech] "Robotics, Safety, Environment, Logistics" to be POSCO ICT's New Growth Engines

POSCO ICT CEO Jeong Duk-Kyun has selected robotics, safety, environment, and smart logistics as new = engines of growth and kick-started fostering related businesses.

    LOS ANGELES, CA, July 07, 2022 /24-7PressRelease/ -- Its strategy is to strengthen market leadership by connecting these new businesses with smart factories and further improving them.

After taking office, CEO Jeong reorganized his business portfolio by cutting low-income and poorly performing businesses. This led to highly intense cost innovation, improving the company's overall health. This year's strategy is to create a successful model by focusing on robotics, safety, environment, and smart logistics as future growth projects. Early this year, it launched a task force dedicated to robotics, safety projects, and environmental projects to help realize carbon neutrality.

For now, it is speeding up its promotion of industrial robotics. This is to improve high-risk and high-intensity production sites to become safer workplaces and to improve productivity and quality levels.

With POSCO ICT at the center, POSCO Robot Solution Research Center, POSCO Holdings Industry-Academic Cooperation Officer, RIST, and POSTECH have formed a POSCO Group Robot Technology Council to create synergy by establishing an internal and external cooperation system.

The council will identify sites that should be applied with robots first within POSCO Group's workplace. It also plays a leading role in field applications such as joint R&D and pilot projects to secure optimal technologies and solutions suitable for needs on the ground. POSCO ICT will be in charge of developing robotics technology and solutions, and will provide and spread robots by establishing a convergence system that connects robots with infrastructure such as smart factories that are currently in operation.

In addition, the company is actively promoting the commercialization of the smart safety sector, where needs are increasing following the enforcement of the Serious Accidents Punishment Act.

POSCO ICT will develop the "Smart Safety Control Platform" and build safe steel mills. Furthermore, it plans to spread to group affiliates and external smart factory customers, while simultaneously commercializing safety platforms in construction sites.

In addition, the smart factory sector, which is being promoted as a core strategic project, is evolving by combining new technologies such as a digital twin. It has decided to apply it to new material businesses of group affiliates such as lithium and nickel, including POSCO's steel mills, and to spread it to external manufacturing sites. To this end, a smart technology control tower was established in-house to efficiently research and develop related technologies before operation began in earnest.

Source: Pangyo Techno Valley Official Newsroom


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