On October 27, Tuga Reuter, president of KUKA, said in a teleconference with reporters that China is the largest market and that capacity for KUKA robots in Shanghai, China will double.
Till Reuter pointed out that it is expected that by 2020, 40% of industrial robots will be sold in China, but the expansion in the Chinese market will not affect the production in Germany's Augsburg.
Last year, KUKA was acquired by China Midea Group's main business, in addition to the production of industrial robots, as well as industrial equipment automation.However, in the last year sales reached the highest value, the library in the field there are still unable to deliver the problem on time, Resulting in pre-tax income for the third quarter fell 75% compared to the same period last year, reaching 63 million euros.
The KUKA business has reached its expected value this year and is expected to grow by 12% to 3.3 billion euros this year, with new orders up 5.8% in the first nine months reaching nearly 2.8 billion euros.
KUKA has entered the Chinese market since 2000 and has been expanding its presence in China with more than 110 years of expertise and experience in the field of automation and robotics. On January 11, 2017, KUKA held a two- Plant groundbreaking ceremony, announced that once again to increase investment in China, in order to better meet the needs of the Chinese market for industrial automation.Kuka robot China's first plant in 2013 successfully put into operation, within 3 years to achieve an annual output of 5,000 targets , Became the world's second largest robot assembly plant.