LS Electric, LG Electronics to collaborate on smart factory business

[Photo provided by LS Electric Co.]

LS Electric Co., an electric power equipment manufacturing unit of South Korea’s LS Group, will join hands with LG Electronics Inc. to make advancements in the smart factory market.

LS Electric and LG Electronics’ production engineering research institute signed a memorandum of understanding on Tuesday and discussed plans to create synergy in smart factory business.

Under the partnership, the two companies will carry out efforts for better smart factories, such as technical cooperation and seamless information exchange.

[Courtesy of LS Electric Co.]

LS Electric and LG Electronics will propose solutions and leverage their capabilities to serve domestic and international clients.

LS Electric specializes in providing power solutions spanning power generation, transmission, and distribution, as well as industrial automation solutions, including inverters and programmable logic controllers (PLCs).

It also offers factory automation, smart factory transformation, and energy-saving solutions based on smart grids, micro-grids, energy storage systems (ESS), and photovoltaics.