CEAT BECOMES THE FIRST TYRE BRAND IN THE WORLD TO WIN LIGHTHOUSE CERTIFICATION FROM THE WORLD ECONOMIC FORUM



by Shrutee K

New Delhi, India – January 2023:The Global Lighthouse Network is a World Economic Forum initiative in collaboration with McKinsey & Company. It is a community of manufacturing sites and value chains that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR).

This is the first CEAT facility to receive the coveted recognition.  The award was presented to Anant Goenka, MD, CEAT, at the Global Lighthouse Network Ceremony of the World Economic Forum on the 16th of January, 2023, in Davos

CEAT has been working towards digitalization of its process and workplace across its factories with a focus on improving operational efficiency. As part of this, CEAT deployed 4IR technologies such as Advanced Analytics, Machine learning, Virtual reality and Industrial IOT to ensure 100% coverage of operator touchpoints. On the people front, digital capability building of managers and shop floor workforce was done through hackathons and designing applications along with the team. As a result, CEAT achieved significant improvements in productivity, yield and energy consumption.

Commenting on the certification, Mr. Anant Goenka, Managing Director, CEAT Limited, said, “We are honoured to receive the Lighthouse certification for our Halol plant. We embarked on our Industry 4.0 journey in 2020 and, since then have seen substantial improvements in our operational efficiencies through digital technologies.  Some of the Fourth Industrial Revolution (4IR) technologies deployed include Advanced Analytics based cycle time optimisation, IoT-enabled intelligent control for energy reduction, digitally enabled root cause analyser for yield improvement and ML-powered visual analytics.  We improved productivity by digitalising 100% of the operator touchpoints. All of these initiatives have resulted in reducing the plant operating cost by 25% and a growth in our global and OEM sales.

This global award is a testimony to our preparedness to adopt industry-leading digital technologies in the workplace. As the first tyre company globally and the first auto ancillary company in India to receive this prestigious recognition, we feel immense pride in setting global benchmarks in a fast-evolving industry. We aspire to continue leveraging the 4IR capabilities and achieve more milestones, such as a further reduction in GHG emissions to 50% by 2030, among other key targets.”

Commenting on CEAT’s entry into the Global Lighthouse Network, Mr. Francisco Betti, Head of Shaping the Future of Advanced Manufacturing and Value Chains, World Economic Forum, said, “In this next chapter of the Fourth Industrial Revolution, they are setting the pace across industries. Lighthouses are demonstrating how to scale advanced technologies across entire manufacturing networks and beyond towards suppliers and customers or new functions, such as procurement, logistics, and research and development.”

As of today, the Global Lighthouse network includes 132 global frontrunners in advanced manufacturing. Each chosen Lighthouse uniquely integrates Fourth Industrial Revolution (4IR) technologies, from AI and robotics to cloud computing and big data. In doing so, all of them provide inspiration to the rest of the world by demonstrating the type of production approach that can drive the next engine of global economic growth.

About Global Lighthouse Network:The Global Lighthouse Network is a community of production sites and value chains that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR). Lighthouses apply 4IR technologies such as artificial intelligence, 3D-printing and big data analytics to maximise efficiency and competitiveness at scale, transform business models and drive economic growth, while augmenting the workforce, protecting the environment and contributing to a learning journey for all-sized manufacturers across all geographies and industries. The Global Lighthouse Network is a World Economic Forum project in collaboration with McKinsey & Co, factories and value chains that join the Network are designated by an independent panel of experts.

Comments

Post a Comment

Popular posts from this blog

Provident Housing announces special discount for Armed Forces Personnel, Veterans

Image
by Shrutee K Bengaluru, December 29, 2023:  Provident Housing Limited, a wholly owned subsidiary of Puravankara Limited focused on mid-segment housing, has announced a unique scheme to assist serving and retired armed forces personnel in owning a home. The developer will offer a special discount of 2 per cent for eligible armed forces personnel across projects. As of last count, India has around 1.4 million serving personnel and around 2.6 million veterans. This scheme aims to help them own a home in a Provident community. A special commitment by Provident Housing to this effect was handed over to Major General Ravi Murugan, AVSM, General Officer Commanding (GOC), Karnataka and Kerala Sub Area, at a meeting in his office. “ We are a forward-looking company with many industry firsts to our name, and we wanted to show our Armed Forces our respect for the protection they provide us. Just as our employees serve the company, our soldiers serve our country with pride and distinction. To show
Read more

Grand take off event of Save Earth Mission is set to launch on July 06 in Ahmedabad wherein 1500 delegates from 69 countries are participating

Image
by Shrutee K Save Earth Mission's Mega Takeoff Event in Ahmedabad Debuts Superhero to Save the Earth General VK Singh (Minister of States Road Transport & Highways) is to attend the event as chief guest and Sheikh Majid Rashid Al Mualla member of the ruling family UAE, & Mr. Dennis G Roberts, the founder and innovator of Inflector from the USA will be the guest of Honour during Save Earth Mission's Mega Take-off Event in Ahmedabad Mumbai, June 29th, 2023: Ahmedabad is gearing up to host an extraordinary event that promises to captivate the world with its powerful message of environmental preservation. The Save Earth Mission's Mega Take-off Event, scheduled for July 6, is set to mark the official debut of the enigmatic superhero, dubbed the saviour of our planet. The event will be graced by esteemed dignitaries, including Union Minister of State for Civil Aviation and Road Transport and Highways General VK Singh, Sheikh Majid Rashid Al Mualla, a member of the ruling
Read more

The Rotary Club Of Bombay Airport Announce Plans To Instal 188 AED Machines In Mumbai

Image
by Shrutee Kate  To Raise Awareness About Cardiac Arrest and Resuscitation Organised "Dil Ki Batein"a Musical Program MUMBAI, February , 2024 – The Rotary Club of Bombay Airport is organising a unique musical extravaganza, "Dil ki Batein" where a group of medical consultants named "Tuning Folks," will share their passion for singing for charity and will entertain the audience to create awareness on cardiac arrest. This program is aimed to organise funds and instal 188 Automated External Defibrillators (AEDs) in public places like 88-Railway Stations And 100-Metro Stations. Early CPR (cardiopulmonary resuscitation) and the use of Automated External Defibrillators (AEDs) by bystanders in public places have been increasingly emphasized as crucial tools in saving lives during sudden cardiac arrests. These portable devices are designed to deliver an electric shock to the heart when someone is experiencing a life-threatening arrhythmia. By providing immediate in
Read more