Coloray, 2nd Factory Officially Selected as Smart Factory by Chinese Government

[Asia Economy Reporter Jang Hyowon] Coloray, a KOSDAQ-listed company, announced on the 16th that its second factory located in Zhejiang Province, China, has been officially certified as a smart factory after being selected as a ‘2022 Smart Digital Factory’ by the Chinese government.

When establishing the second factory in 2021, Coloray focused on continuous investment and management of advanced intelligent and automated equipment. The company enhanced operational efficiency by concentrating on synergy within the production line and information digitalization, striving to perfectly build a digitalized, networked, and intelligent production model.

Currently, the second factory realizes visible management throughout the entire product manufacturing process, from production management to integration and analysis of information system data. It enables management at all stages including design, manufacturing, quality, and logistics.

Coloray’s second factory has shown clear effects in five areas: ▲shortening product research and development cycles ▲reducing operating costs ▲decreasing defective product rates ▲improving production efficiency ▲enhancing energy utilization, and these improvements continue steadily.

A Coloray representative stated, “This selection officially certifies Coloray’s second factory as a digitalized factory by the Chinese government,” adding, “Coloray will continue to upgrade smart production and digital management to strengthen the company’s overall benefits and core competitiveness, striving to achieve even better results.”

This content was produced with the assistance of AI translation services.