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Huayi New Material - Shanghai

To respond to external challenges, such as 30% over-capacity and higher costs due to market volatility, the company has deployed 28 different Fourth Industrial Revolution use cases, such as machine-learning-enabled process optimization and AI-enabled safety management. As a result, labour productivity increased by 33%, conversion cost fell by 20%, energy consumption dropped 31%, and recordable safety incidents reached zero.

Locations
Greater China, People's Republic of China
Sector
Chemicals
Year published
13 January 2023
Organization
Huayi New Material Co, Ltd.
Timing
GLN - Wave 10
Initiative type
Lighthouse - Manufacturing

Global Lighthouse Network

A World Economic Forum Initiative