Sat. Sep 23rd, 2023
    ABB Investing $280 Million in New European Robotics Hub

    ABB, a leading robotics and automation technology company, has announced plans to invest $280 million in a new robotics hub in Europe. The facility will focus on developing and manufacturing robotics and automation technologies for various industries.

    The new robotics hub will be located in Shanghai, China, and will include a comprehensive research and development center, as well as a state-of-the-art manufacturing facility. The facility will produce a wide range of robotics products, including robots for industrial automation, collaborative robots, and robots for healthcare applications.

    According to ABB, the investment in the new European robotics hub is part of the company’s strategy to strengthen its presence in the robotics and automation market. The company aims to expand its product portfolio and increase its market share in Europe and other regions.

    The new robotics hub will enable ABB to better serve its existing customers and penetrate new markets. The state-of-the-art manufacturing facility will allow the company to produce high-quality robotics products at a competitive cost, meeting the increasing demand for automation technologies.

    Furthermore, the research and development center will focus on developing innovative robotics and automation technologies that address the specific needs of various industries. This will help ABB stay at the forefront of robotics and automation advancements and maintain its competitive edge in the market.

    Overall, ABB’s investment in the new European robotics hub reflects the company’s commitment to driving innovation and technological advancements in the field of robotics and automation. The facility will play a crucial role in developing cutting-edge robotics products and solutions that enhance productivity, efficiency, and safety across industries.

    – Robotics: the branch of technology that deals with the design, construction, operation, and application of robots.
    – Automation: the use of control systems and information technologies to reduce the need for human work in the production of goods and services.

    Source: The Robot Report