Trailblazer collaboration at national level! ‘LIV-24’ joins hands with public sector in charge of industrial policies

Trailblazer collaboration at national level! ‘LIV-24’ joins hands with public sector in charge of industrial policies To promote ‘Industrial Tech’, drive smart industrial estates, Strengthen Thai industries

• This milestone is considered to be a significant phenomenon in Thailand, as the government sector, represented by the Ministry of Industry (MoI), the Industrial Estate Authority of Thailand (IEAT), and the Federation of Thai Industries (FTI), join forces with the private sector, with “LIV-24” organising the major event of the year, in a manoeuvre that surmounts the limitations to advance towards the sustainable industrial era with the help of “Artificial Intelligences (AI)” and “Industrial Tech”.
• Many business operators are speeding up their adoption of global trends with the understanding that the “Industrial Technology”, or intelligent solution, is another crucial mechanism to increase production efficiency, and the capability to elevate Thailand to become the centre of world-class industries.
• The strong indication shows that the production chain, technology, and logistics are important factors that can affect industries and represent significant risks to businesses, and are the main causes that can disrupt the work processes.

The Ministry of Industry (MoI), the Industrial Estate Authority of Thailand (IEAT), the Federation of Thai Industries (FTI), and LIV-24 Company Limited, are jointly organising the grand event of the year, presided over by Minister of Industry, Ms Pimphattra Wichaikul, who presented a vision and reiterated the national policy to elevate Thailand to become the centre of world-class industries at the “LIV-24 Industrial Tech Revolution Seminar: Surmounting the Limitations to Advance Towards the Sustainable Industrial Era” with the help of “Artificial Intelligences (AI)” and “Industrial Tech”. This pivotal event is being attended by over 200 leaders from various business sectors.

Ms. Niramon Direkmahamongkol, Managing Director of LIV-24 Company Limited (LIV-24), stated, “The industrial sector is one of the key business groups driving the country’s economy, creating jobs in many strata of society, while also driving the industrial development and advancing the country’s technology capabilities. Today, we conduct our businesses with the aid of AI. In this context, AI is not something that we have to be wary of, but rather it is a tool that can create added-value for businesses, stimulating changes in work practices to be in line with the global economic and social situations. Thai business operators have been placing great importance on this issue, and have introduced various technologies and innovations to create added value for their businesses, increasing competitiveness from upstream (research & development, design, and raw material sourcing), midstream (production, waste management) to downstream (logistics, distribution, and after-sales services), to allow businesses to become more adaptable and able to cope with risks and external factors, and thus can grow more sustainably.”

At LIV-24, We are experts in designing solutions that meet the needs of all types of entrepreneurship. We support more than 130 projects in various businesses, and have completed 500,000 cases, with zero (0) case of danger to life and property. We offer Thailand’s first “Solutions for Industrials” by combining “Industrial Technology” solution with AI and merge that with human experience in order to fulfill the diverse demands of the customers in the industry sector. These include Fire protection, AI CCTV Analytic System, IoT Monitoring  System, Vehicle Fleet Managementand, Waste Water Management and Energy Management centralised in one single “Command Centre” that can provide real-time care 24 hours a day, 7 days a week. This helps increase efficiency and enabling in-depth data analysis, to allow factories to operate at maximum efficiency, reducing lost time and increasing productivity. We help to increase safety with 24-hour intelligent detection and a warning system that can help prevent risks of accidents, creating a safe working environment, reducing energy costs, helping maintain equipment, and reducing carbon emission. This constant vigilance results in a total cost reduction for the business of up to 20 percent. Currently, our main customer groups include industrial factories, mixed-use projects, real estate projects, and office buildings, with a combined asset value of over 300 billion baht.

“Key factors that can have significant impact on the competitiveness of the industries include the production chain, technology, logistics infrastructure, ease of doing business, capital, and availability of raw materials. Those are all crucial factors that can affect the competitiveness for entrepreneurs. LIV-24 will be another key driver in creating a comprehensive solution. We can analyse data and quickly anticipate any possible problems, while human staff can help to make decisions and solve problems promptly. The important collaboration happening today will help to strengthen the Thai industrial sector to compete internationally and marks another important step to elevate the country to ultimately reach the goal of becoming the centre of industry and innovation in the region,” Ms Niramon added.

Associate Professor Veeris Ammarapala, Governor of the Industrial Estate Authority of Thailand (IEAT), said, “IEAT, as a state enterprise under the Ministry of Industry, is ready to drive the organisation’s plan to effectively achieve its goals. IEAT understands the importance of the private sector’s investment in driving the country’s economy. For this year, IEAT has set an investment recovery plan by reducing its role as a ‘regulator’ to be more of a ‘facilitator’ that focuses on facilitating and supporting entrepreneurs in all aspects to build full confidence among investors, along with uplifting industrial estates to reach international standards with sustainable innovations, as well as promoting them to become ‘eco-industrial towns’, promoting efficient resource management to reduce greenhouse gas emissions, and focusing on efficient waste management. I am confident that the industrial sector in Thailand remains a strong player in the economy, despite being faced with various challenges. I understand that LIV-24 represents another important solution that will help to increase business efficiency with AI technology and is ready to participate in fostering smart industrial estates, as well as upgrading Thai industries to be on par with international standards.”