“100 Billion in Sales Revenue in 2024… We will grow as a leading global company.”
THiRA-UTECH, a smart factory solution company, has listed on the KOSDAQ. THiRA-UTECH officially announced the listing on the KOSDAQ on October 31 at the lobby of the new building of the Korea Exchange in Seoul. THiRA-UTECH, the first smart factory software company listed on the exchange, was founded in 2006, and is equipped with a total lineup of end-to-end solutions for smart factories such as production management/equipment automation (MES/FA), supply chain management (SCM), manufacturing big data analysis, logistics robots, and small and medium-sized manufacturing operation platforms.
On October 31, THiRA-UTECH employees and related persons of the smart factory solution company are taking a commemorative photo with a new listing event in the lobby of the new building of the Korea Exchange in Seoul. [Photo = THiRA-UTECH]
THiRA-UTECH has top-tier customers by industry and is expanding its solution supply through strategic partnerships with group ICT companies. Major clients include Samsung Electronics, Samsung Electro-Mechanics, Samsung SDI, LG Chemical, SK Hynix, SK Innovation, Hanwha Q CELLS, and Hanwha Techwin.
THiRA-UTECH has received strategic equity investments from SK and is targeting captive markets for related group companies such as SK Hynix, SK Innovation, SKC, and SKC Solmix through a business partnership with SK C&C. In the long term, they plan to expand strategic alliances with other large companies and mid-sized group companies.
Kim Jeong-ha, Co-CEO of THiRA-UTECH, stressed that more than 90 percent of the 250 employees are technical personnel, which is one of their core competencies, and explained “We are providing competitive solutions through continuous technology development based on excellent R&D and technical personnel.”
Based on such technical development personnel and industry know-how, such as in semiconductors and displays, the company has expanded its business area into such high-tech business areas as rechargeable batteries and photovoltaics. Recently, they have been expanding their business into various areas, such as precision materials, aviation, defense, auto parts, and bio industries.
THiRA-UTECH’s main growth strategies are to enter the logistics industry through unmanned automation by developing robot solutions, develop platform services for sharing production plans between cloud-based large companies and suppliers, and develop specialized manufacturing big data analysis based on AI. The company plans to accelerate its overseas expansion in Vietnam, China, and Singapore as well as in the domestic market. In particular, they plan to strategically target excellent local partners and overseas companies in Vietnam as the main market, where a lot of Samsung and LG Electronics-related partners have entered.
Kim Jeong-ha, Co-CEO, disclosed his ambition that, “We will achieve 100 billion in sales by 2024 through the convergence of smart factories that combine cloud, AI, and big data with hardware such as robots, with smart factories attracting attention as the core topic of the 4th Industrial Revolution”, adding, “We will grow into a global leading company that leads smart factory software.”
Source : Industrial News (http://www.industrynews.co.kr/news/articleView.html?idxno=35140)
