SEOUL, Jan. 16 (Korea Bizwire) — LG Electronics Inc. said Sunday that the company’s plant in the U.S. state of Tennessee has been selected as a lighthouse factory by the World Economic Forum (WEF), the first of its kind among South Korean plants built overseas.
According to the WEF, a lighthouse factory refers to a plant that sheds light on the future of the global manufacturing industry through the introduction of cutting-edge technology.
Since 2018, the WEF has been selecting lighthouse factories twice every year based on a worldwide review.
The LG plant has been highly recognized for introducing cutting-edge artificial intelligence (AI), big data and Internet of Things (IoT) technologies as well as an automated assembly system using robots, the WEF said.
The tech giant’s factory in Tennessee was built in late 2018, and is capable of producing 1.2 million washing machines and 600,000 dryers every year.
The factory comes with a complete, integrated production system in which the entire phase of assembling a washing machine and packaging it is completed on a single assembly line.
Image Credit: LG Electronics Inc. / photonews@koreabizwire.com
