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CITIC Pacific Special Steel - Jiangyin

To meet the fast-growing global demand for customized steel products while navigating volatile raw material and energy-supply issues, CITIC Pacific Special Steel’s Jiangyin Xingcheng plant deployed 40+ Fourth Industrial Revolution use cases such as advanced analytics-powered process simulation and optimization, as well as AI-enabled energy management. As a result, the plant has been able to increase customized orders by 35.3%, reduce its non-qualified product rate by 47.3% and cut its energy consumption by 10.5% per tonne of steel.

Locations
Greater China, People's Republic of China
Year published
14 December 2023
Organization
CITIC
Initiative type
Lighthouse - Manufacturing
Timing
GLN - Wave 11

Global Lighthouse Network

A World Economic Forum Initiative