ASD invests in development of Yangtze River Delta region
Zhejiang Aishida Electric Co's manufacturing plant in Taizhou and an intelligent research center in Shanghai, which cost over 1 billion yuan (US$149 million) in total investment, will start operation this year, the Shenzhen-listed firm said during the ongoing AWE exhibition.
ASD’s projects, in Shanghai and Taizhou of Zhejiang Province, are the latest examples of Yangtze River Delta integration development as a national strategy. It is set to boost economic connection and joint development in the region covering Shanghai and neighboring cities.
ASD’s smart manufacture will enter production in 2019, which features 500 industrial robots, 1,000 smart production devices and an intelligent logistics system. Compared with its current plant, it will improve capacity by 2.5 times and cut labor costs by 60 percent.
At its 250,000 square meter Shanghai “Intelligent Valley," ASD researched new tech such as computer vision, industrial cloud platforms, big data and AI.
The whole project represents the latest result of the Yangtze River Delta Integration Development strategy, the company said during the ongoing AWE home appliance show.
ASD manufactures household and kitchen devices, and also has industrial robot business through a recent acquisition.
At the end of last year, ASD said that it wants to spin off its smart manufacturing in a listing on the new tech innovation board in Shanghai.
ASD showcases its industrial robots during AWE, the country's biggest home appliance show held in Shanghai. The robots will be used in its coming smart manufacture plant in Zhejiang Province.
