Market trends and business perspectives
Hyundai Robotics is prioritising its activities in research and development and says such activities are central to its future plans.
The company held one of its annual technology R&D briefings recently at its Bundang, South Korea office.
The event was attended by COO Seo Yoo Seong and more than 100 executives and employees. [Read more…] about Hyundai Robotics prioritises research and development in future plans
Hyundai Robotics has signed a joint venture agreement for the production, sales, and after-sales services of industrial robots with Jiangsu Hagong Intelligent Robot (Ha Gong Zhi Neng [HGZN]) in China.
Under the agreement, the two parties plan to build a smart factory that is capable of manufacturing four different models by the end of 2019, and manufacture and sell 17,000 units by 2022.
The new agreement with the no. 1 auto welding company in China has provided Hyundai Robotics with the opportunity to capitalise on HGZN’s local sales network and secure manufacturing bases in China, which will serve as a bridge for Hyundai Robotics’ access to the Chinese robotics market.
Hyundai Heavy Industries has established a robotics division and has a stated goal of becoming one of the top five industrial robot manufacturers in the world.
Hyundai Robotics was established in 1984, and has been a division of Hyundai until now.
It is already said to be the largest manufacturer of industrial robots in South Korea, but now, as a standalone business, it wants to double its capacity and earn $440 million in revenue by 2021. [Read more…] about Hyundai creates separate industrial robotics division, aims for top 5 status
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