Hyundai Heavy's holding company forges partnership with German robot producer

By Lim Chang-won Posted : May 8, 2018, 15:24 Updated : May 8, 2018, 15:24

[Hyundai Robotics]


SEOUL -- The holding company of South Korea's Hyundai shipbuilding group has forged a strategic partnership with KUKA of Germany to expand its industrial robot business.

A memorandum of understanding between the two companies was signed in Germany on Monday, according to Hyundai Heavy Industries Holdings. KUKA is an Augsburg-based manufacturer of industrial robots and solutions for factory automation.

Through the deal, the holding company hopes to sell about 6,000 industrial robots by 2021, including small KUKA robots.

Last year, the shipbuilding group spun off non-shipbuilding operations. Hyundai Robotics, a top industrial robot maker, was separated and renamed as the group's holding company for non-shipbuilding units so that the shipyard can focus on shipbuilding and engine making.

 
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