Nachi-Fujikoshi profits increase by 44 per cent, led by strong demand for industrial robots

Nachi-Fujikoshi, one of the world’s largest industrial robot manufacturers, is believed to have increased its profits by 44 per cent. 

The industrial robots segment is said to have grown by more than 50 per cent and now accounts for more than 10 per cent of sales.

Nikkei says the earnings jump was due to growing demand for factory automation equipment, especially from China.  Continue reading Nachi-Fujikoshi profits increase by 44 per cent, led by strong demand for industrial robots

Top Chinese robot maker Siasun reports revenue increase of 82 per cent

Siasun Robot & Automation Company, which claims it is China’s leading industrial robot manufacturer, has reported a revenue increase of 82 per cent for the period from July to September, compared with the same period last year. 

Siasun says in its filing that the company’s third-quarter revenue “surged this year as it benefited from China’s industrial rally”.

ShanghaiDaily.com, which is reporting the story, adds that Siasun generated annual growth of 50 per cent in new orders of its industrial robots and for its logistics offerings since December last year.  Continue reading Top Chinese robot maker Siasun reports revenue increase of 82 per cent

Yaskawa Electric reports stunning 150 per cent more profits with robotics and automation leading the way

Yaskawa Electric says it has achieved a staggering 150 per cent growth in net profit for the period from April to September, compared with the same period last year, according to a report on Nikkei

Nikkei says Yaskawa’s profits for the period were $184 million, beating its own previous records.

Yaskawa, which also owns the Motoman brand of industrial robot, says most of the growth was due to increased orders for automation equipment from China, Japan and the US.  Continue reading Yaskawa Electric reports stunning 150 per cent more profits with robotics and automation leading the way

Kuka reports record orders

kuka systems

Kuka says it has generated record levels of business across its units, with almost €900 million worth of orders placed in the second quarter of 2016. The figure represents a 28 per cent increase on the previous year’s profits. 

In it robotics division, earnings increased to €25.5 million in the past quarter, says the company in a report.

Kuka, a Germany-based company established in 1898, is one of the world’s leading industrial robot manufacturers.

In recent weeks it has been the subject of a takeover bid by Chinese company Midea, which makes electrical appliances.

Midea says it currently has more than 80 per cent of Kuka’s shares, according to Bloomberg.com, which would seem to mean that Midea now owns Kuka.