Industrial robot maker Kuka is forecasting sales of more than $1.24 billion in China by 2020, which would be more than double the volume of business it currently does in the country.
This is according to a report on the South China Morning Post website, which adds that Kuka is looking to make the most of parent company Midea’s China connections.
Kuka reported global sales of $4.3 billion worldwide for 2017, and currently does approximately $558 million worth of business in mainland China now. [Read more…] about Kuka expects to double its business to more than $1 billion through Midea’s China connections