Industrial Robotics

Kuka's CEO plans for robot domination in China and in your garage

By Bloomberg via the Star online (Malaysia)

Dec 26, 2017

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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.