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THiRA-UTECH (CEOs Jung Ha Kim & Won Chul Cho), a smart factory specialist, announced on the 9th that it will establish an IT specialized joint venture with the auto parts company Central and jointly promote the mobility smart factory solution business.
The joint venture (Formation Labs), jointly established by THiRA-UTECH and Central, plans to conduct software consulting, development and supply as its main business, and combine the 4th industry technologies such as MOM and ICT to provide its own smart factory solution service.
THiRA-UTECH, the first smart factory software company listed on KOSDAQ, is expressing its ambition to secure the competitiveness of the smart factory in line with the era of the 4th Industrial Revolution through investment in the establishment of this joint venture.
Central (CEO Yoon Yong-ho) is a company that manufactures core parts of automobiles such as steering, suspension, and driving parts. Founded in 1971, Central has grown into a company with its own technology and global network. With its own technology and global network of auto parts, Central is supplying key core parts to global customers such as Hyundai Kia Motors, Mercedes-Benz, BMW, GM, and FORD.
As the eco-friendly vehicles, such as electric vehicles and hydrogen vehicles, continue to develop, the supply chain of parts in the automotive industry is rapidly changing. Accordingly, the two companies are expected to develop a mobility smart factory solution that can flexibly respond to the automotive industry and related industries through this joint venture, and expand the industry-specific IT solution base business.
The joint venture (Formation Labs), jointly established by THiRA-UTECH and Central, plans to conduct software consulting, development and supply as its main business, and combine the 4th industry technologies such as MOM and ICT to provide its own smart factory solution service.
THiRA-UTECH, the first smart factory software company listed on KOSDAQ, is expressing its ambition to secure the competitiveness of the smart factory in line with the era of the 4th Industrial Revolution through investment in the establishment of this joint venture.
Central (CEO Yoon Yong-ho) is a company that manufactures core parts of automobiles such as steering, suspension, and driving parts. Founded in 1971, Central has grown into a company with its own technology and global network. With its own technology and global network of auto parts, Central is supplying key core parts to global customers such as Hyundai Kia Motors, Mercedes-Benz, BMW, GM, and FORD.
As the eco-friendly vehicles, such as electric vehicles and hydrogen vehicles, continue to develop, the supply chain of parts in the automotive industry is rapidly changing. Accordingly, the two companies are expected to develop a mobility smart factory solution that can flexibly respond to the automotive industry and related industries through this joint venture, and expand the industry-specific IT solution base business.
