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Global Times: Iconic ‘lighthouse factories’ shed lights on digital transformation of China’s manufacturing industry

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BEIJING, July 31, 2024 /PRNewswire/ — As China has been accelerating a nationwide industrial upgrade and cultivating new quality productive forces to support economic recovery, the country is prioritizing smart manufacturing and technology transformation to drive the automation and digitalization of traditional industries.

In recent visits to the “lighthouse factories” in East China’s Zhejiang Province and Jiangsu Province, Global Times reporters spoke to several business leaders and industry insiders who explained why digitalization is crucial to improve the resilience and security of China’s industrial and supply chains to ensure its position as the world’s intelligent factory.

As two iconic production workshops selected as “lighthouse factories” announced by the World Economic Forum (WEF), Chinese manufacturers Hengtong Alpha and LONGi are at the forefront of digital, intelligent and green transformation, promoting the country to gradually move from a major manufacturing country in the world to a manufacturing powerhouse. Their innovation drive is focused on smart manufacturing with improved production efficiency and product quality.

Smart manufacturing

In 2023, the Suzhou-based factory of Hengtong Fiber Optic Technology Co, was selected as one of the 12 new lighthouse factories in China, and it is an optical fiber and electricity fiber manufacturer which is home to a complete value chain in optical communication, encompassing light rods, optical fibers, optical cables, and optical networks.

Arriving at Hengtong’s intelligent manufacturing factory in Suzhou, Jiangsu Province, one feels like stepping into a high-tech sci-fi movie setting. Futuristic and cutting-edge, the silent workshop is filled with towering cylindrical tanks, with gantry robots carrying 6-meter-length glass rods, and engineers in white dust-proof suits focusing on debugging equipment.

According to Liu Zhenhua, the company’s general manager, these cylindrical “white tanks” are deposition equipment, while seemingly ordinary glass rods are preformed rods used for drawing optical fibers, known as “light rods,” which are the core products of the factory and determine the key performance of optical fibers. In the deposition equipment, after meticulous crafting through hundreds of processes such as silica deposition, high-temperature sintering, and core rod stretching, a transparent light rod weighing hundreds of pounds can be drawn into a high-performance optical fiber with a diameter of only 125 microns, as thin as a strand of hair.

Evolving optical fiber technology and its lower cost has created revolutionary changes to the lives of our generation, making the internet more accessible to the public, Liu told the Global Times. Optical fiber is a crucial component in modern telecommunications infrastructure. It is like an ultra-thin “information super highway,” making communication limitless.

Recalling his experience of the internet back in his childhood in the 1980s, Liu said that due to the poor broadband service and relatively high fees for the lack of advanced fiber-optic technology, high-speed internet service was considered a luxury for most people.

Prior to 2010, the US and Japan were the two dominant players in optical fiber technology, monopolizing the whole optical fiber industry. Faced with challenges, the company has invested heavily in research and development to improve the quality and performance of optical fiber and it has actively engaged in digital transformation and intelligent manufacturing so that it can adapt to evolving production trends.

“Overcoming technological barriers set by the West, we have successfully developed technologies for producing fiber preform with independent intellectual property rights. By adopting digital technologies and intelligent manufacturing, our production efficiency and product quality have been improved while costs have been lowered significantly,” Liu said.

Empowered by a number of intelligent technologies, the plant, which produces independently developed high-performance light rods, has increased its labor productivity by 66 percent. At the same plant, it only takes one minute to produce a 3,000-meter length of fiber optic cable, the efficacy can be understood as “racing” at a speed of 180 kilometers per hour, Liu explained.

The plant has established an intelligent manufacturing system through the applications of advanced technologies such as automation, big data, 5G and AI. Many of our digital technologies, equipment, as well as the software and information platforms are independently patented, helping reduce unit manufacturing costs by 21 percent. Besides, the unit energy consumption is reduced to 33 percent and the defect rate is decreased by 52 percent, Liu explained proudly.

At the distance of approximately 60 kilometers, in Jiaxing city located in the neighboring Zhejiang Province, where the world’s first and only solar module manufacturing base being recognized as a global lighthouse factory is located, same intelligent scene is also unfolding.

Led by China’s solar energy giant LONGi Green Energy Technology Co, the manufacturing base has mastered the production and sale of solar wafers and modules.

Inside the manufacturing base, Global Times reporters saw several automated assembly lines operating in an efficient and streamlined manner. Here, a module comes off the production line every 16 seconds, Shui Mingmin, who is in charge of the Jiaxing production base, explained.

Each assembly line is equipped with robotic arms and conveyor belts, which work with a high degree of accuracy and speed completing each production process. Several digital screens acting as the factory’s eyes, display real-time production data and monitoring screens, with all information available at a glance.

According to Shui, the base has leveraged digital technologies such as industrial Internet, big data, AI and digital twins, in a bid to promote intelligent manufacturing process. Meanwhile, the introduction of domestically-developed diamond-tipped wire saw cutting technology has boosted the advance of global photovoltaic (PV) industry and cost reduction, he said.

“Innovation is the core competitiveness of enterprises and the inexhaustible driving force for their sustainable development. In the photovoltaic industry, technological innovation ability is particularly important,” according to Zhong Baoshen, chairman of LONGi. “It is necessary to speed up the digitization of the company, which are important for the transformation and upgrading of the photovoltaic manufacturing industry in general,” Zhong said, as quoted by a company’s statement released last December.

‘Lighthouse factory’ powerhouse

China has the most “lighthouse factories” in the world. As of December, 2023, 11 Chinese companies had been included in the 11th group of “lighthouse factories” list released by the WEF. Currently, China is home to 62 “lighthouse factories,” accounting for 40 percent of the global numbers, ranking first in the world.

Industry analysts said the addition of more Chinese manufacturing sites to the Global Lighthouse Network underscores the steady progress of the Chinese intelligent manufacturing sector.

According to the WEF’s standard, a lighthouse factory must excel in five operating indicators including operating costs, production efficiency, maintenance costs, overall costs, and total output. That means factories and value chains joining the network should outperform average industry indicators.

In Shui’s view, being recognized as the world’s first “lighthouse factory” in the photovoltaic industry is not easy. The stability and the digitization of China’s industrial chains have laid a solid foundation for the emergence of China’s lighthouse factories. Taking the Jiaxing base as an example, all the raw materials for light sticks, optical fibers, and optical cables are sourced from nearby suppliers, Shui noted.

“The expanding applications of smart manufacturing in the real economy offers ample development opportunities for enterprises, which enables companies to quickly learn from the successful experiences of our intelligent factories, facilitating the widespread adoption of intelligent techniques across the industry,” Shui said.

Meanwhile, the Chinese government has emphasized the importance of the digitalization of the manufacturing sector as an important path for the development of new quality productive forces.

On May 12, a top-level meeting was held which adopted an action plan on the digital transformation of the manufacturing sector. Policymakers highlighted the need to advance the deep integration of digital technology and the manufacturing sector to strengthen the standing and international competitiveness of China’s manufacturing sector and transform the country into a manufacturing power.

The digital transformation of the manufacturing sector is key to advancing new industrialization and the building of a modernized industrial system, the meeting pointed out, calling for effort to accelerate breakthroughs in core technologies and boost the application of technological achievements.

While Liu said thanks to the policy supports, many Chinese enterprises benefit from continuous sci-tech breakthroughs and innovation that drive industrial upgrading, aiming to improve production efficiency and achieve high-quality development.

Lighthouse factories represent the pinnacle of global excellence in smart manufacturing and digitization, Cong Yi, a professor at the Tianjin University of Finance and Economics, told the Global Times. To some extent, they also showcase advanced level of China’s manufacturing industry and provide new ideas for the innovative development of the global manufacturing industry.

China’s manufacturing sector continues to display great strength and resilience in accommodating to changes, resisting risks and adjusting production capacity, experts said.

In recent years, China has maintained sustainable growth in its manufacturing sector. In 2023, China’s total value-added industrial production approached 40 trillion yuan ($5.57 trillion), accounting for 31.7 percent of its GDP. The scale of its manufacturing industry has ranked first globally for 14 consecutive years, according to the Ministry of Industry and Information Technology.

The success of the ‘lighthouse factory’ proves that China’s manufacturing industry has the ability to dominate the global market built on high quality production, efficiency, and sustainability, rather than relying on dumping practices, experts said.

Meanwhile, the rapid growth of China’s new-energy products exports has made many countries take notice. Taking the PV industry as an example, in early April, the EU launched two probes into Chinese solar panel makers suspected of using government subsidies, according to media reports.

China’s new-energy industry has gained advantages through innovation and robust market competition, rather than by relying on government subsidies, Cong said, noting that the high-quality production capacity that China’s new-energy industry continues to provide will make important contributions to global green development.

“Looking ahead, it is a crucial moment for digital transformation of China’s manufacturing industry,” Cong noted, adding that amid a new wave of technological revolution and industrial transformation, China’s manufacturing industry must keep up with the global trend of industrial transformation, accelerate its transformation and upgrading.

 

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SOURCE Global Times

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Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024

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Recognition for boosting customer value with its technologically powered solutions and market-leading position.Schneider Electric India has become a celebrated name in India’s smart metering market, leveraging six decades of operational excellence, industry expertise, and business success.

SAN ANTONIO, Dec. 23, 2024 /CNW/ — Frost & Sullivan recently assessed the metering industry, and based on its analysis, it has recognized Schneider Electric India Pvt Ltd (SEIPL) for the 2024 Indian Company of the Year Award. Schneider Electric India Pvt Ltd (SEIPL) is the Indian arm of Schneider Electric, a global leader in digital transformation of energy management and automation . A recognized name in India’s metering industry, Schneider Electric India draws on over 60 years of expertise and thought leadership in industrial sustainability, universal and software-centric automation, data privacy and security. Serving various sectors, including buildings, infrastructure, industries, data centers, and homes, the company demonstrates its solutions’ scalability, scope, and applicability . It has a robust Indian footprint with 31 factories (including five smart factories) and more than 39,000 employees serving customers in over 500 cities.

Over the years, Schneider Electric India has solidified its leadership position in India’s smart metering market, and the company has a dominant market share in the advanced metering infrastructure (AMI) segment. This superlative performance underscores its ability to deliver innovative and reliable solutions consistently. Schneider Electric’s advanced smart metering devices, equipped with cutting-edge technologies, empower both utilities and consumers. By enabling real-time data transmission and eliminating manual meter readings, these solutions optimize grid management, enhance billing accuracy, and drive operational efficiency—all while empowering consumers to monitor and control their energy consumption, contributing to sustainability and cost savings.

Iqra Azam, best practices research analyst at Frost & Sullivan, observed, “Schneider Electric’s rich history of accomplishments and best practices implementation demonstrates its focus on continuous growth, harmonizing with economic and social sustainability-focused initiatives and fortifying its market leadership.”

Speaking on this recognition, Mr. Deepak Sharma, Zone President, Greater India, and MD & CEO of Schneider Electric India, said, “This recognition underscores our team’s dedication to delivering scalable, cost-effective, and sustainable solutions that set us apart in the smart metering industry. Our strong emphasis on research and development, innovation, and localizing components allows us to meet market demands and provide enhanced value to our customers. Our Mysuru smart metering plant further reinforces our commitment to delivering on this promise.”

The company is strengthening its leadership position in the metering market by actively working to increasing the localization component of its electricity meters sold in India, providing customers with greater value and supporting local economies. By adopting a transparent business approach, Schneider Electric India is building strong, long-lasting customer relationships , providing a clear understanding of its value proposition from the outset.

“Schneider Electric India proves its commitment to sustainability with outstanding initiatives that align with the Indian Government’s approach to a green India. It maintains transparent, reliable, and continuous communication with customers, addressing their unmet needs, evolving demands, and regular queries,” added Neha Tatikota, industry analyst for Energy & Environment at Frost & Sullivan.

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation in products and technologies and the resulting leadership in customer value and market penetration.

The Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91 9953764546
E: tarini.singh@frost.com

About Schneider Electric

Schneider Electric’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation, and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI-enabled Industrial IoT solutions with connected products, automation, software, and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com  

Follow us on: 

https://twitter.com/SchneiderElechttps://www.facebook.com/SchneiderElectric?brandloc=DISABLEhttps://www.linkedin.com/company/schneider-electrichttps://www.youtube.com/user/SchneiderCorporatehttps://www.instagram.com/schneiderelectric/http://blog.se.com/

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on Schneider Electric Insights.

Contact: Binni Rawat
Phone: +91-9999646207
Email ID: binni.rawat@se.com 

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SOURCE Frost & Sullivan

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ATFX won “Best Online Trading Company Global 2024” at World Business Outlook Awards 2024

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HONG KONG, Dec. 24, 2024 /PRNewswire/ — ATFX, a leading global forex and CFD broker, has been awarded the “Best Online Trading Company Global 2024” by the World Business Outlook Awards. This accolade highlights ATFX’s unwavering dedication to excellence, innovation, and delivering a superior trading experience for its clients worldwide.

This recognition underscores ATFX’s ability to combine cutting-edge trading technology with a client-centric approach. Offering robust platforms, personalized solutions, and extensive educational resources, ATFX ensures traders of all experience levels can navigate financial markets with confidence. Its global reach, paired with localized support, further solidifies its reputation as a trusted trading partner.

The World Business Outlook Awards celebrate organizations that demonstrate exceptional performance and leadership. By earning this award, ATFX has affirmed its position as an industry leader, committed to innovation and transparency. ATFX’s leadership credited this achievement to the trust of its clients, the dedication of its employees, and the company’s focus on staying ahead of industry trends.

Winning the “Best Online Trading Company Global 2024” reflects ATFX’s mission to redefine online trading standards. Moving forward, the company remains focused on enhancing its offerings, supporting financial literacy, and empowering traders globally with unparalleled tools and services.

About  ATFX

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experience to clients worldwide.

For further information on ATFX, please visit ATFX website https://www.atfx.com.

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SOURCE ATFX

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THE STATE OF GLOBAL OPTIMISM REVEALED BY LG IN NEW SURVEY

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Company Unveils the Biggest Topics of Global Optimism: Entertainment, AI and Healthcare.

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — According to the latest research by LG Electronics (LG), 48 percent of consumers say they are more optimistic now than they were compared to six months ago.

The survey, conducted across 16 markets, provides extensive data on global optimism, its drivers and the demographics that feel the most optimistic and happy. The global average optimism score is 7.49/10. France, the UK and Australia were revealed to be among the least optimistic countries, scoring 14.5 percent below the average. Conversely, Saudi Arabia (12 percent above), India (10.8 percent above) and the UAE (8.1 percent above) were the most optimistic. Consumers were most optimistic about their personal growth and development (69 percent) and family dynamics (66 percent), but least optimistic about their finances.

Entertainment, including movies, TV, music and art, was identified as the most significant factor driving optimism (60 percent), followed by AI (56 percent). Less than half of the respondents chose social media (48 percent), while international crises such as war generated the least optimism.

LG conducted the survey to support and understand the nature of happiness, aligning with its brand philosophy, Life’s Good. The results are part of LG’s broader effort to assess the potential and influence of optimism globally, reflecting the company’s commitment to enhancing consumer optimism.

The survey also reveals key aspects of generational attitudes towards optimism. Optimism and happiness both decrease with age, although the latter was found to reduce at a slower rate. Interestingly, despite younger age groups averaging higher rates of happiness and optimism, individuals under 18 reported some of the lowest scores. Additionally, 50 percent of Gen Zs expressed that optimism can be harmful, the highest of any age group. This caution may be due to their life stage, as Gen Zs were twice as likely to disagree about having the tools needed to succeed (16 percent) compared to millennials.

The Role of Social Media

Younger age groups are more likely to search online for positive content and like-minded people to improve optimism. 86 percent of consumers say social media impacts their personal lives, more than those who believe it impacts society (67 percent). Gen Zs are also more likely to talk to a therapist, indulge in shopping or take drastic actions to counter negativity, such as deleting a social media account.

In contrast, older groups tend to seek offline comforts, such as spending time outdoors, seeing family or engaging in hobbies. Younger people appear more willing to seek external methods to boost optimism and happiness compared to their older counterparts.

Optimism your feed

“As a brand that is passionate about spreading optimism, we strive every day to be the most customer-focused we can possibly be.” said Kim Hyo-eun, vice president and head of LG’s Brand Management Division. “Consumers want tools to feed their optimism and belief in the future, and providing this is a key part of LG’s mission. That is why we launched our ‘Optimism your feed‘ campaign, which empowered users to pull more optimistic content into their social media feeds. The campaign has been proven to help consumers boost positive feelings, with 78 percent of people saying they felt more optimistic after seeing the campaign versus before exposure.”

The “Optimism your feed” playlist can be found on LG’s global TikTok channel (@lge_lifesgood) and global YouTube channel (@LGGlobal). More details can be found on the campaign page on www.lg.com/lifesgood/.

Survey Methodology
Global survey conducted by GWI 
Fieldwork conducted from August 26 to October 7, 2024 
Age: Between 16 – 64 years old, all income levels 
Sample size: 300 respondents each across 16 markets, except for 70 respondents in KSA

About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four Companies – Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and the Eco Solution – combined for global revenue of over KRW 82 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.

 

 Media Contacts:

LG Electronics, Inc.

LG Electronics, Inc.

Lea Lee 

Jenny Shin

+82 2 3777 3981

+82 2 3777 3692

lea.lee@lge.com 

jungin.shin@lge.com 

www.LGnewsroom.com  

www.LGnewsroom.com 

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