Posco ICT Co. Ltd.

05/15/2023 | Press release | Distributed by Public on 05/15/2023 23:40

POSCO DX-PwC Consulting signed a strategic partnership


POSCO DX and PwC Consulting have signed a strategic partnership to spread smart factories to industrial sites.

POSCO DX signed an MOU for business cooperation at its Pangyo office on the 15th, attended by CEO Jung Duk-koon and PWC Consulting Vice President Moon Hong-ki and other company officials. Under this cooperation, POSCO DX's smart factory construction technology and know-how will be combined with PwC consulting's consulting capabilities to provide integrated services from smart factory consulting to construction for large and small manufacturing companies.

POSCO DX has the best technology and know-how, such as establishing a smart factory at POSCO's production site so that Pohang Steelworks can be selected as the first lighthouse factory selected by the World Economic Forum (WEF) in Korea. Since PwC Consulting has global networks and consulting know-how, the two companies are expected to create synergy by securing a competitive advantage in the smart factory sector through joint sales and performance.

POSCO DX is working with POSCO to upgrade its smart factory by combining digital twin such as 3D visualization, simulation, and control interface. It is implementing a digital twin production system that supports optimal decision-making in the fields of operation, facility, quality, safety, and environmental management by establishing a virtual factory with the same environment as the real world. It has the advantage of dramatically improving efficiency such as cost and time by creating twin factories in the same environment as the actual production site in a virtual space and testing new technologies or facilities in advance on digital twin before applying them to the actual factory. POSCO DX plans to pilot a digital twin-based smart factory to POSCO steel mills and expand it to external production sites where its smart factory is applied.