POSCO ICT to enter market for global airports infrastructure

2014.07.02

- Applying to global airports its know-how from setting up to operating a baggage handling system for Incheon Airport
- Planning to enter small and medium-sized global airport market with core functionality

POSCO ICT (Executive Vice President: Kuk-hwan Jun) will enter the market for global airports infrastructure.

POSCO ICT plans to apply to global counterparts its know-how of the baggage handling system it has implemented at Incheon Airport. The baggage handling system is the comprehensive logistics system that recognizes tags on baggage and automatically delivers them to the flight of the owner of baggage; it is one of the core systems at an airport. Posco ICT owns technological capability proven by the implementation and operation of the system with total length of 88km since the launch of Incheon International Airport in 2001, including an additional system for the recently built Passenger Terminal 2.

The accuracy of POSCO ICT’s baggage handling system at Incheon Airport has bested all other renowned airports in March. With the maintenance system based on 6 Sigma methodology, the error rate is a mind-blowing 0.001%, meaning only 1 per 100,000 pieces of baggage is unfortunate enough not to make it on the designated flight on time. Compared to European airports’ average of 19 or 6 of those of the US, it is by far the best.

POSCO ICT’s current baggage handling system is designed for large airports with more than 40 million travelers per year, such as Incheon Airport, and may not be suitable for medium-sized airports whose number is increasing around the world. Thus, the company has turned its baggage handling system into a pre-defined platform in March to make it suit small and medium-sized airports, with all the core functions and technologies intact. This will enable to company to have competitiveness such as great reduction of time for system development and to engage actively in the business of supplying the platform to small and medium airports worldwide. POSCO ICT has started talking with airport officials in Saudi Arabia and Turkmenistan, and it is focusing on entering other global markets, too.

 “As more people travel overseas, global demand for baggage handling is on the rise with annual average of 7.8%, and more airports are being built to accommodate the demand. The market for our platform-type baggage handling system will see an increase in the future since more small and medium-sized airports will introduce the system,” an official from POSCO ICT said.