German industrial giant Kuka is the world’s largest producer of robots used to make automobiles, with its signature orange crane-like bots a fixture in automated car factories across the globe.
So why is chairman and chief executive Till Reuter worried?
The reason is simple enough: Growth in robots for all industries other than automotive is up more than 10%; that compares to just 3% to 5% for the car industry, he says.
Now this 120-year-old company, which in January became just under 95%-owned by China’s Midea, the world’s largest appliance maker, is aiming to pull off a big transformation that, if successful, will take it into faster-growing robot markets.
Read more at thestar.com.my.