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LG Electronics will deploy 10,000 industrial robots at its Changwon production site to create a smart factory for premium home appliances. The project will be completed by 2023, with production capacity reaching 3 million units per year, 50% higher than current capacity.
Robostar (로보스타) signed a contract to supply manufacturing robots to Hefei BOE Display Technology. The contract is worth 4.52741 billion won, representing 3.33% of 2015 sales, with a term until May 21, 2017.