Visteon manufacturing facility in Shanghai wins China’s 'Factory of the Year' 2019
Under the theme: “Intelligent Production, Cost Reduction and Efficiency Promotion,” Visteon’s manufacturing facility in Shanghai (SVAE) was awarded the Chinese Factory of the Year for global excellence in innovation, at a ceremony organized by Chinese media outlets and staged at the Beijing Automobile Museum.
Hosted jointly by Chinese auto publication Auto Business Review and management consultant Kearney, the event recognized Visteon’s intelligent manufacturing system at SVAE as an industry-disrupting initiative using machine vision and advanced algorithms to realize closed loop control of the production system. This pioneering development allows the machine to independently adjust its parameters to control quality fluctuation during the manufacturing process, improving efficiency, speed-of-production and overall cost.
Visteon’s forward-thinking methodology garnered significant praise from the judging panel at the awards ceremony in China’s capital – the fourth annual event acknowledging innovative advancements within the auto industry.
Candidates were scrutinized across six separate levels of evaluation standard – covering enterprise value creation, customer satisfaction, quality, economy, agility and innovation. Each participating company was evaluated for more than 100 benchmarks and indicators in this selection.
“In the past few years, the team at SVAE has successfully increased our overall manufacturing intelligence and automation ratio to 80 percent. However, despite the growth of the business, we have simultaneously had to manage restructuring to our employee base – a challenge the company has met and managed exceptionally well to ultimately maintain a healthy contribution to Visteon’s overall profit margins.”
During the roundtable session that followed the award ceremony, John introduced the strategic deployment and implementation of SVAE's intelligent production. He highlighted how industry peers are progressing in business and manufacturing through Industry 4.0 frameworks and also thanked shareholders, core customers and employees for their support and dedication to SVAE’s intelligent production.
SVAE management also pledged that the plant will adhere to the spirit of pursuing excellence by keeping pace with advanced development and market trends to continue creating value for affiliated parties and building bigger and better development platforms for all employees to excel.