Robots to make robots at ABB's new $150 million factory in China

Robots to make robots at ABB's new $150 million factory in China

Robots will make robots at a new ABB factory in China, which the Swiss engineering group said on Saturday it plans to build for $150 million in Shanghai as it defends its place as the country’s largest maker of industrial robots, Reuters reports.

The factory, located near ABB’s China robotics campus, is due to be operating by the end of 2020 and will produce robots for China as well as for export elsewhere in Asia. China is ABB’s No. 2 market after the United States.

“Shanghai has become a vital center for advanced technology leadership – for ABB and the world,” ABB Chief Executive Ulrich Spiesshofer said in a statement announcing the project.

With the expansion, ABB is banking on Chinese robots sales defying concerns over trade tensions with the United States that some fear could dent demand for electronics, auto parts and other items that require automated manufacturing and robots.

China is expanding its robot workforce, as wages for human workers there rise and the country seeks to compete with lower-cost countries via greater automation. In 2017, one of every three robots sold in the world went to China, which purchased nearly 138,000 units, ABB said.

ABB’s new 75,000-square-foot factory will use software meant to allow people and robots to work safely in close proximity, the company said, adding its YuMi robots — designed to work side-by-side with people — will also be deployed on many of the small parts assembly tasks needed to manufacture an ABB robot.

Rival Kuka, taken over in 2016 by China’s Midea two years ago, has also been expanding in the country, including by building a robot park in Shunde near Hong Kong.

ABB, whose industrial robots are used, among other things, to build automobiles as well as to assemble electronic devices, will build robots for numerous industries at the Shanghai factory, a spokesman said.

It did not give a new employee count for the factory, but said it will boost robotics employment that now sits at more than 2,000 ABB workers in China.

Chinese mainland reports 11 new imported COVID-19 cases
Chinese mainland reports 11 new imported COVID-19 cases
Uruguay begins vaccination drive against COVID-19
Uruguay begins vaccination drive against COVID-19
5.1-magnitude quake hits 11 km S of Urrao, Colombia
5.1-magnitude quake hits 11 km S of Urrao, Colombia
Loading Bars
Latest
Georgia to secure AstraZeneca vaccine in coming weeks
Iran-made COV-Pars vaccine one of world best vaccines: Official
Kazakhstan reports 658 new COVID-19 cases over past day
Chinese mainland reports 11 new imported COVID-19 cases
Uruguay begins vaccination drive against COVID-19
Uzbekistan reveals priorities for agriculture dev’t for 2021
5.1-magnitude quake hits 11 km S of Urrao, Colombia
Iraq reports 3,599 new COVID-19 cases, 699,088 in total
UN chief asks for generous donations for Yemen humanitarian operations
5 killed in helicopter crash in east China
New service of money transfers between Russia, Azerbaijan launched
Number of COVID-2019 cases across globe up by over 347,000 in past day
EU to propose vaccine certificates in time for summer holidays
Turkey eases coronavirus restrictions as cafes, eateries reopen
European Council President pledges Georgia to have access to Covid-19 vaccine
First vaccine against coronavirus registered in Uzbekistan
Iran, Syria enjoy $1.5 billion trade capacity: Official
More cargo from Georgia to Lithuania expected in future by Klaipeda Seaport
Azerbaijani Defense Minister, Ambassador of Belarus discuss prospects for development of military co-op
Azerbaijani FM, Uzbek ambassador exchange views on current situation in region (PHOTO)
Numerous people take part in online survey on return to Azerbaijan’s Nagorno-Karabakh region
Azerbaijani State Insurance Commerce Company talks about closure of some branches
Azerbaijan to develop new services for microfinance sector
Overdue debt increases in Georgia
Georgia sees increase in volume of deposits in lari
Georgian commercial banks see decline in lending
Azerbaijan to use Turkey's experience in restoring monuments in liberated lands (PHOTO)
Georgian farmers can now get diesel benefits online
Iran's Energy Exchange announces products to be on sale on March 2
Azerbaijani SOFAZ unveils volume of foreign currency sold at auctions during February
Presidential website releases full version of press-conference of Azerbaijani president (VIDEO)
Uzbekistan, Organization of Islamic Cooperation talk prospects of cooperation
Georgia to secure first doses of Oxford-AstraZeneca COVID-19 vaccine
Iran’s Bahar Azadi gold coin price rebounds
Statement in support of Azerbaijan's territorial integrity adopted at conference in Iran (PHOTO)
Contract signed in Iran on fish farming
Former French president Sarkozy convicted of corruption, handed jail sentence
Iran and Georgia fix problem with transit of trucks, through Azerbaijan
Azerbaijani SME Development Agency receives numerous applications for creation of businesses in liberated lands
Beekeeping to rapidly develop in liberated Azerbaijani lands - Association
Uzbekistan’s state budget expenditures mainly account for social sphere
State Insurance Organization opens tender for installation of drip irrigation system
Buta Airways Launches Flights to Tbilisi
Non-oil exports from Azerbaijan show uptick - CAERC
Russian industrial holding sells its shares in Uzbek cement enterprise
EU to propose vaccine passports in March in time for summer
Azerbaijan and Iran to build new bridge over Astarachay - Iranian ambassador
Kazakhstan resumes flights from Almaty to Kyrgyzstan
Azerbaijan confirms 71 more COVID-19 recoveries
First UAE ambassador arrives in Israel, eyes Tel Aviv embassy
China's import of Azerbaijani products grows multifold in value terms
Turkmen Health Ministry opens tender to purchase of medical equipment
Volume of fish caught in Iran's Golestan Province announced
Gasoline prices surge in Kazakhstan
Iran seeks to enhance relations between Caspian states in transport sphere - ambassador
Turkey records lower revenues from car export to Iran in Jan. 2021
Raiffeisen Bank continues to monitor Turkmenistan's business perspectives
Azerbaijan publishes data on computer security requests for February
Azerbaijan issues data on foreign trade turnover of precious stones, natural pearls
Azerbaijani army's mortar batteries continue live-fire training exercises (VİDEO)
Iran and Azerbaijan to cooperate in reconstruction of Karabakh
Georgia thanks EU for strong partnership and support
Turkey issues data on Jan. 2021 volume of crude oil shipment via local ports
New organizations registered within Azerbaijan's 'gov.az' web domain
Turkey records substantial growth in exports to Turkic-speaking countries
Weekly review of Georgian capital markets (Feb.22 through Feb.26)
Germany eyes co-op with Uzbekistan in construction of Mazar-i-Sharif – Kabul – Peshawar railway
Kazakhstan boosts imports from Vietnam
WTO to hold ministerial meeting in Geneva in late 2021
Azerbaijan plans to raise SMEs' share in non-oil GDP by 2025
Data on quality of services from Azerbaijani mobile operators issued
Uzbekistan attracts Russian experts for reconstruction of Sardoba reservoir
Turkmenistan allocates land for planting legumes in Dashoguz region
Details of release of Iranian blocked assets in South Korea
Iran to restrict sea traveling during Nowruz holiday
Payments firm Klarna triples valuation to $31 billion by raising $1 billion
Iran to increase border control
Georgia aims to import wheat from Kazakhstan
Iran reveals COVID-19 data for March 1
UK consumer credit slumped as new lockdown hit in January
Azerbaijan's SOCAR Polymer maintains leading positions on export in private sector
Saudia plans to order 70 Airbus, Boeing jets
Number of payment cards in circulation surges in Kazakhstan
Ankara hosts meeting of Joint Azerbaijan-Turkey Commission on Culture (PHOTO)
S&P names key risks for Georgian economy in 2021
OECD recommends steps to develop export-oriented agriculture sector of Georgia
Kazakhstan Railways opens tender to buy pipes
Uzbekneftegaz launches second compressor station at Alan field
Uzbek-Korean JSC announces tender for transport services
Iran plans to increase amount of airplanes flying over its territory
Iranian gov't approves a seven-year plan to save Gorgan Bay
Iran's Atomic Energy Organization talks Bushehr Nuclear Power Plant
Non-cash payments by foreigners in Azerbaijan plummet
Azerbaijan's satellite operator discloses revenues for Jan.2021
Turkish TOBB reveals number of registered Iranian companies in Jan.2021
Volume of problem loans in Azerbaijan decreases
Central Bank of Azerbaijan shares data of deposit operations of Azerbaijani commercial banks
Turkey announces coal handling figures via local ports over January 2021
Kazakhstan sees decrease in overall lending volumes
Third export train with Turkish-made goods sent to China via BTK railway
All news