The World Economic Forum officially recognized the Sandvik Coromant production unit in Gimo, Sweden, as an advanced Industry 4.0 facility. The plant was selected as a “lighthouse” site, namely one that comprehensively deploys a wide range of Industry 4.0 technologies and use cases at scale, while keeping humans and sustainability at the heart of innovation.
Through its announcement, the World Economic Forum is acknowledging the strides that the world’s best manufacturers are making toward leveraging the technologies of Industry 4.0 into modern production. Each lighthouse is selected from a survey of more than 1,000 manufacturing sites based on their success in adopting Industry 4.0 technologies and demonstrating tangible benefits.
According to the World Economic Forum’s announcement, the Gimo facility of Sandvik Coromant “created a digital thread through its production processes that has significantly raised labor productivity. One example is its ‘touchless changeover,’ which allows design patterns to be changed automatically, even during unmanned shifts.”
“Having our Gimo production unit listed as a lighthouse not only demonstrates true performance and increased competitiveness, but just as important, it shows sustainability at the heart of innovation,” said Nadine Crauwels, president of Sandviken, Sweden-based Sandvik Coromant.
Magnus Jarlegren, vice president of supply, added: “Productivity improvement and technology development are two pillars for production that we have supported aggressively over the years. Being selected as a lighthouse for Industry 4.0 by the World Economic Forum is a recognition of which we are very proud, and proves that although we are at the beginning of this journey, we are heading in the right direction. This strengthens our ability to shape the future together.”
The World Economic Forum’s aim is to build a network of manufacturing lighthouses that address the problems confronting industries in both advanced and emerging economies when it comes to investing in advanced technologies. Earlier work by the World Economic Forum identified that more than 70% of businesses investing in technologies such as big data analytics, artificial intelligence or 3D printing are not able to take the projects beyond pilot phase.
To aid the learning and adoption of technologies by other companies, Sandvik Coromant and the rest of the lighthouses in the network have agreed to open their doors and share knowledge with other manufacturing businesses.
“Digital machining is a key Sandvik Coromant offer for our customers,” said V R Vijay Anand, head of digital machining. “Our recognition as an advanced adopter of Industry 4.0 endorses our understanding and maturity in this complex area. It also endorses the fact that we build digital offers which deliver tangible business value to our customers.”
Click here to read the World Economic Forum press release on the announcement of its latest lighthouse sites.