Company says it will redirect investment towards “smaller and simpler robot systems” as well as collaborative robots
Kuka has revised its financial forecasts for the fiscal year 2018 because of the “economic slowdown”, which could at least in part refer to the US-China trade dispute.
The industrial robot maker says the “challenging market environment” is the result of a slowdown in the “key industries of automotive and electronics, weak growth in the important Chinese market as well as challenges in the project business”.
Kuka says it has implemented an “immediate package” to strengthen future viability. And it is adjusting its forecast for the past fiscal year 2018. [Read more…] about Kuka revises financial forecasts because of economic slowdown