Collaboration combining Siemens’ technology and CJ OliveNetworks’ expertise in distribution channel operations expected to boost smart factory business

SEOUL-- September 03, 2021 -- Digital Industries (DI) at Siemens Korea (Siemens Ltd. Seoul · SLS) signed an MOU on September 2 with CJ OliveNetworks to jointly carry out the development of smart factory business. Thomas Schmid, Head of Digital Industries at Siemens Korea, InHyok Cha, CEO of CJ OliveNetworks, and officials from both companies attended the signing ceremony at Siemens Korea headquarters in Chungjeong-ro, Seodaemun-gu, Seoul.

According to the MOU, the two companies will collaborate to develop applications based on hardware and software for facility control, including PLC (Programmable Logic Controller) and SCADA (Supervisory Control and Data Acquisition) systems; expand marketing and sales activities to promote smart factory business using internal and external, on- and off-line distribution channels; and provide technical support for the design and installation of smart factories.

Siemens Korea will be responsible for supply and maintenance of hardware and software, including PLC and SCADA, sharing its digital solutions and the state-of-the art technologies in machine equipment. CJ OliveNetworks will be responsible for the implementation of smart factories, the management and operation of related facilities and the co-development of the business inventory. Both companies are expected to create synergies by combining know-how and expertise in the field of on- and off-line distribution, further strengthening the competitiveness of the smart factory business.

Thomas Schmid, Head of Digital Industries at Siemens Korea said, “As a leader in digitalization, we will contribute to improving CJ OliveNetworks’ competitiveness by sharing technical know-how for the successful implementation of smart factories.” He added, “Siemens Korea, as a partner that supports digital transformation for companies in Korea, will continue to promoting and expanding the smart factory ecosystem in Korea through our industry-leading technologies and comprehensive digital portfolios.”

“By combining OT and hardware capabilities into current solution-oriented business, we aim to establish a total service platform for smart factories and further strengthen business competitiveness,” said InHyok Cha, CEO of CJ OliveNetworks. “Through this collaboration, we will be able to expand our business to the new Industry 4.0 sectors, including industrial IoT, AI-based predictive facility maintenance, and factory energy management systems.”