TGW opens location in South Korea
(Marchtrenk, July 27, 2022) Austrian intralogistics specialist TGW recently opened a location in Seoul, the capital of South Korea. It is focused on high-quality mechatronic subsystems for the Fashion, Grocery and Industrial & Consumer Goods market segment. For this purpose, a cooperative effort was agreed with LG CNS, the automation division of technology company LG.
"South Korea, home to many leading international technology companies, is one of the world's most industrialised countries, with a great affinity for automation in nearly all areas of life. Particularly in TGW's core industries of Fashion, Grocery and Industrial & Consumer Goods, automation plays a central role," emphasises Harald Schröpf, CEO of TGW Logistics Group. "The increasingly difficult search for employees, high labour costs and rising real estate prices are leading South Korean companies to invest more in automating their processes."
TGW is already active in Asia with two locations in China (Shanghai and Changzhou) as well as a unit in Singapore. By founding a separate unit in Seoul, the company is specifically addressing the South Korean growth market in a separate step.
For this purpose, a strategic cooperative effort was agreed with LG CNS, the automation division of technology company LG.
"LG CNS and TGW have been collaborating on multiple projects so far. TGW is a global leader in intralogistics solutions and logistics automation field, especially well known as the world-class multi-shuttle, conveyor and robot maker, and we are excited to see their presence in Korea to provide immediate response to Korean market needs. LG CNS’s IT expertise and rich experience in fulfillment center implementation, combining with TGW’s strong commitment to quality, we are expecting to bring more depth and detail to next generation fulfillment centers in Korean market”, emphasizes Mr. Lee, Executive Board LG-CNS.
"TGW is supplying high-performance shuttle and miniload systems to LG CNS, as well as energy-efficient KingDrive® conveyor equipment from our production in Changzhou and Austria," underscores Frank Imkamp, CEO of TGW South Korea. "We were already able to conclude the first projects to our customers' satisfaction. By founding a separate unit in Korea, we will bolster the partnership with LG CNS, bringing it to the next level together."
