U.S. citing KUKA’s announcement that the KUKA Supervisory Board has approved the merger of its general industrial business in China with the Swisslog Holding AG ( '瑞格) China business and established a joint venture with Midea Group Co., Ltd. to undertake the above business. Both shareholders will each hold 50% of the shares. The establishment of the joint venture will further promote the penetration and expansion of the KUKA business in the Chinese market.
Swisslog Holding AG is a subsidiary of KUKA, which provides automation solutions for hospitals, warehouses and distribution centers.
At the same time, China's Shunde Science and Technology Park will build a new production base for new product development. Until 2024, the robot production capacity will reach 75,000 units per year. Together with the existing production capacity, China’s total annual robot production capacity will reach 100,000 units.