New industrial revolution affecting plastics industry

For the plastics industry, industry 4 is not the new big players before the introduction of this latest industrial revolution embarked on high-tech production and automation.

The new industrial revolution has swept the global industry, including the plastics industry. "Industrial 4" or the "4 industry" refers to the industrial revolution in the fourth industrial revolution, and from the German government's high-tech strategy, stems, to promote the computerization of manufacturing.

The first show in Hannover in 2011 for 4, industry is expected to increase another 550 billion at the European industrial competitiveness, future income in the next five years, according to a study by PWC found. Conversion to the 4 industry, the investment will be very high, in 140 at one billion a year until 2020, more than 2.6% strategies are considered, resulting in an average annual growth rate of 3.3% of the average efficiency and reduce the cost of revenue.

Industry 4 involves the 'industrial Internet', or digitization, and the automated deployment of the industrial process. In this context, vertical and horizontal value chains are integrated with people, machines and systems in real-time, highly automated system connectivity. Industry 4 is the network of all relevant technology objects, services and data networks. The purpose of this integration is to meet the overall goal of improving production and providing customers with quick and efficient response to customer requirements.

PWC research has also found that into the whole European industry in the transformation of the value chain will be 140 at one billion year, until after 2020, in the digital value chain, these huge investments by PWC survey companies will see too many of them into a "4 industry" standard, in the next five years. The information and communication companies are now in the 27% digital, and toward the 80% to 2020, electronic and electrical systems will see their value chain of the greatest digital, 89%, to 2020 in the company according to the scale, the larger companies have the income of more than 5 billion will see the biggest growth rate is 92%. The average level of the industry by 2020 was 83%.

Transformation industry

Industry 4 is an ideal way to produce, in each aspect or component based on the Internet model, in order to be able to operate with the flexibility, efficiency and improve productivity on the "smart factory" networking. A computer system that will be recorded with production data and properly implemented to control the production process. This can definitely improve the company's efficiency and reduce costs.

For the plastics industry, industry 4 is not the new big players before the introduction of this latest industrial revolution embarked on high-tech production and automation. "Intelligent manufacturing" has become a buzzword, and more and more companies have moved towards this goal through innovation and launch, will improve the overall production efficiency through digital and automation of new technologies.