Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics.
Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.
ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.
“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.
“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter. Continue reading Robotics and automation news is good for ABB, says CEO
Business-to-business publisher WTWH Media has bought The Robot Report for an undisclosed sum.
TheRobotReport.com was founded in 2008 by Frank Tobe, and is one of the leading websites in this growing sector of publishing.
The website covers robotics in a variety of business segments, including transportation, agriculture, manufacturing and even outer space. It has an international perspective, covering many countries around the globe. Continue reading WTWH Media buys The Robot Report
Comau has agreed a new partnership with MVB Automation in Brazil. Founded over 10 years ago, the company is a system integrator based in Camaçari, Bahia, with about 90 experts in the field of factory automation.
MVB serves a variety of customers in general industry with robotics solutions, automation controls, process simulation and tooling.
Industrial energy and automation giant wins three key digital orders from major Canadian customers
ABB has officially inaugurated its new $90 million Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal.
Tharsus Group, a 50-year-old UK-based designer and manufacturer of automation and robotics equipment, has expanded its operations by opening a new office in County Durham, in north England.
The Northumberland-based business, which delivers commercial robotics and automated solutions to some of the world’s leading companies, opened an office at the North East Technology Park (NetPark) in Sedgefield, as part of an initiative to widen its access to the North East’s talented pool of engineering professionals.
Akasol says it has agreed a deal with “an internationally operating commercial vehicle manufacturer based in northern Europe” for the serial production of lithium-ion battery systems for its entire fleet of e-buses.
Akasol claims the contract with the original equipment manufacturer is worth “hundreds of millions of euros” and lasts until 2023, and outlines a close, long-term partnership between both companies and involves the supply of up to 4,500 battery systems.
Whenever you have a good idea, you can be sure someone, somewhere has got the same idea, and has probably already built a prototype or even a business out of it.
In the internet age, you’ve gotta move fast if you’re going to succeed in the making business. Or maybe try and think of an entirely original idea no one can steal.
So it was that we were thinking if we could find a robotic suitcase to take on our travels this year, to industry events and such. And sure enough there’s at least three we found on the market, and probably several others we don’t know about or haven’t got time to list. Continue reading Robotic suitcases: Who needs them?
It’s a couple of years old, and we will update it as we go along, but this list provides an overview of the global manufacturing landscape over the past few years.
It shows that traditional companies – meaning those with a long history – are still dominant. Giants like Samsung, Toyota, Volkswagen, Daimler, General Electric, and General Motors have each been around for a century.
Samsung is relatively young, having been established in 1938. And it’s probably perceived as being even younger, since it’s the world’s largest manufacturer of smartphones, a product which has been in existence for barely a decade. Continue reading World’s largest manufacturing companies
Purdue Research Foundation and Rolls-Royce are scheduled to celebrate the building’s opening late March.
David Waggoner, head of programs, customer and operations, control systems in North America for Rolls-Royce, says: “This facility is a great opportunity for us to create something unique to North America but also unique to Indiana, and allow us to strengthen our partnership with Purdue. Continue reading Rolls-Royce to open new research facility in US
China’s Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light.
Midea, which launched a €4.5 billion offer for Kuka in May, said Germany’s markets regulator had approved the settlement of the transaction, allowing it to control a 94.55 percent voting stake in Kuka from January onwards.
The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China protects its own companies against foreign takeovers. Continue reading US gives Midea green light to buy Kuka
Rethink Robotics, maker of the Baxter and Sawyer industrial robots, says it has raised new funds for global expansion and new product development
Rethink Robotics has raised $18 million in new funding as part of its Series E financing round.
The new round includes funding from leading asset manager and private equity investment firm, Adveq, as well as contributions from all previous investors, including Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, DFJ, Two Sigma Ventures, GE Ventures and Goldman Sachs.
President-elect Donald Trump and some of Silicon Valley’s most powerful executives met at his Manhattan tower in the past week, at a summit convened to smooth over frictions after both sides made no secret of their disdain for each other during the election campaign.
The meeting focused chiefly on economic issues, including job creation, lowering taxes and trade dynamics with China, while largely skirting the many disagreements the tech industry has with Trump on matters ranging from immigration to digital privacy, according to a Trump transition team statement.