Swiss engineering group ABB is one of the largest industrial robot makers in the country. It has announced plans for a new factory in China which will cost $150 million. It will be a modern plant equipped with sophisticated robots which will be used to manufacture other robots.

One of every three robots sold in the world went to China last year, according to ABB. It’s a key market for the company. China is ABB’s second largest market after the United States. This new factory will be located near the company’s robotics campus in China. It aims to be operational by 2020. Robots for customers in China will be produced at this factory in addition to those produced for export in other markets across Asia.

There’s an uptick in demand for industrial robots in China as manufacturers shift from human workers due to rising wages. The increased automation will also enable them to compete with countries that have a lower cost of manufacturing.

The factory will be spread over 75,00 square feet and will rely on software which allows humans and robots to work together in close proximity. ABB produces a variety of different robots which are used for things like manufacturing electronic devices to assembling cars.

Filed in Robots. Read more about China and Social Hit. Source: reuters

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