The second factory in China: expanding Chinese domestic sales and entering East Asian markets
LS Mtron Co., Ltd. (LS Mtron) recently celebrated the completion of its second plant and held a new product presentation event at its Wuxi subsidiary in China on June 15th.
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This event, attended by over 200 people including government representatives from Wuxi New District, China, as well as customers and partner companies, aimed to boost sales in the Chinese domestic market and serve as a catalyst for future expansion. LS Mtron announced that the opening of its second plant will serve as a stepping stone to expand sales channels in China and East Asia.
The Wuxi subsidiary in China serves as LS Mtron's primary overseas production base for injection molding machines. These locally produced injection molding products are distributed domestically in China, and worldwide through LS Mtron's global network.
The completion of the second factory in LS Mtron's Wuxi subsidiary ensures a stable supply capacity for the growing electric injection molding machines. Additionally, it is anticipated that the lead time for products manufactured in the Wuxi subsidiary will significantly decrease.
During the ceremony for the completion of the second plant, Park Chan-sung, Executive Director of LS Mtron's injection molding business division, expressed, "With the establishment of our second plant in Wuxi, China, we have set the foundation to lead LS Mtron's injection molding business for the next 100 years. We seek the active support of the Wuxi New District government and the attending customers."
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In particular, during the completion ceremony, LS Mtron showcased CSI4.0 (Connected and Smart Injection) solution functions along with new domestic and special injection molding machines, which drew significant interest from the attending customers.
LS Mtron stated that it aims to expand the sales of customized special injection molding machines, which are in high demand due to the rapid growth of the electric vehicle market. They are actively promoting this in China and plan to further advance as a leading injection system solution provider in China by actively implementing the locally tailored smart factory solution, CSI4.0.
Meanwhile, Wuxi City, China, where LS Mtron's second factory is located, is a dynamic city in the southeastern part of Jiangsu Province. It ranks among China's top 10 economically vibrant cities and is known for its contributions to national industrial origin, advanced international manufacturing bases, mechatronics and automotive parts commercial bases, biotech industrial bases, electronic information bases, high-end textile production bases, new material industrial bases, and key development complexes.
LS Mtron leads the 100-year history of injection molding business as a smart injection system solution company!
CSI4.0 empowers customers to swiftly adapt to the challenges posed by the 4th Industrial Revolution and Digital Transformation. It encompasses the initial stage of data collection, transforming it into meaningful information, and the intelligence stage that leverages big data processing technology and AI.
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LS Mtron's CSI4.0 encompasses smart production, smart machine, artificial intelligence (AI), and smart service. Smart Production includes a range of features to enhance productivity and streamline operations. The Smart Monitoring feature allows users to effortlessly manage their production processes from the convenience of their mobile devices anytime, anywhere. Real-time process monitoring and control capabilities are also accessible.
Smart Mold Recognition enables the transfer of production information across all machines, facilitated by a simple QR code. Moreover, the Smart Peripheral Control gives users access to oversee and control peripheral devices, further streamlining the production process. Finally, the Smart Production experience is completed by the Smart Data Interface that processes all data, generating valuable insight regarding production and machine performance.
LS Mtron provides Smart Weight Control and Smart Remote Service as part of its smart machine and smart service offerings.
Smart Weight Control identifies factors causing weight fluctuations in the molded product, and the machine autonomously adjusts conditions to partially correct the weight, thereby enhancing user convenience. On the other hand, Smart Remote Service enables LS Mtron experts to remotely share their screens on the injection molding machines in real-time. This allows them to identify issues three-dimensionally and provides customers with prompt problem resolution, reducing downtime and offering significant advantages.
Lastly, LS Mtron introduced their groundbreaking AI injection system that integrates artificial intelligence into the optimization process of injection machines, marking the first-ever application of AI in injection molding technology. The system comprises two key components: AI Weight Control and AI Molding Assistant. AI Weight Control utilizes a weight meter linked to the injection machine to detect variations in the weight of molded products. On the other hand, AI Molding Assistant is an advanced system that effectively reduces the time required for initial process stabilization.
By learning and emulating the process conditions derived by highly skilled molding experts, it adjusts the process conditions in an efficient manner. This innovative AI injection system brings enhanced precision and efficiency to the injection molding process.
