On 24 November 2021, Wuxi Jigang Precision Technology Co., Ltd ("Jigang Precision") was officially listed on the Beijing Stock Exchange, becoming the first company listed on the Beijing Stock Exchange in Wuxi. Jigang Precision's business has grown rapidly over the years in the field of precision parts manufacturing, and its products have been used in three major fields, such as power tools, cleaning appliances and automobiles.
● Professional Because of Focus ●
With the introduction of carbon emission related policies one after another, the development process of electrification of automobiles has accelerated, and electrification and lightweight have become the main development direction of the automotive industry. From the perspective of cost and utility, aluminium alloy will become the mainstream material in automotive lightweight. From the viewpoint of manufacturing process and performance, aluminium alloy manufacturing process is more mature, and technologies such as hot stamping and die casting can be used. Aluminium ore has large reserves, good corrosion resistance and a high degree of recycling. Therefore, aluminium alloy materials have outstanding advantages in terms of utility and cost as automotive components.
Jigang specializes in precision casting and has extensive experience in the aluminium and zinc alloy die casting industry. However, with the growing impact of COVID-19 and the general environment, it is particularly important to optimize the product mix and increase profit contribution. It becomes an inevitable choice to build an intelligent workshop. In 2020, Jigang Precision chose Masterlink Intelligent Technology, a local Wuxi based company specializing in intelligent manufacturing solutions for machining, to partner with.
Through intelligent transformation, Jigang Precision has significantly improved production efficiency, reduced manufacturing costs, labour costs, significantly improved corporate profitability and increased profit contribution. In 2020, the company's return on net assets was as high as 55%. In the same year, it also reaped the accolades of being a smart workshop in Wuxi City, and a four-star cloud-based enterprise in Jiangsu Province.
The data acquisition platform Masterlink is the market leader in data acquisition, with over 50,000+ devices, 500+ production line systems and 200+ discrete systems delivered, covering 95% of the devices on the market. Jigang has hundreds of devices of all types and Masterlink analyses data through data acquisition and data analysis for device status (including alarms, etc.), process and parameter data.
Data collection platform
MT Pad, a small assistant to improve production efficiency MT Pad, can view processing drawings online, replacing the traditional paper drawing method. The system automatically collects equipment data to achieve a multi-dimensional analysis report of equipment operation rate, failure rate and production output, which transparently shows the real production efficiency of each equipment in the workshop and can be used to locate the equipment capacity or production management problems according to the data.
Installation Environment of MTPad
As Zhou Yan, General Manager of Jigang said, "With the coming labour shortage, we have to be less humanized and unmanned. If you are a beat or a few years late on this, there is no way to compete with your peers." As an expert focusing on intelligent manufacturing solutions for metalworking, Masterlink Intelligence is committed to guiding more related enterprises to embrace digital transformation and is willing to work with more partners to jointly promote the digital transformation process of metalworking in China to a new level again.
