ABB starts building Shanghai robotics plant
Industrial tech giant ABB started construction on its newest robotics plant in Kangqiao, Pudong New Area, on Thursday.
The plant will cover 67,000 square meters, and involves a total investment of 1.06 billion yuan (US$150 million). It is expected to open in early 2021.
Peter Voser, Chairman and CEO of the company, said, “the new robotics plant is the most advanced and flexible plant of ABB. We have confidence in China, the world’s largest robotics market.”
Chen Mingbo, deputy secretary general of the Shanghai government, said the new facility will make a great contribution to the city's image as a high-tech hub.
ABB currently has robotics plants in Sweden and the US.
China is the company's second-largest market. Shortages of skilled labor and trends toward customization are expected to create further opportunities in the country, said Sami Atiya, president of ABB’s Robotics and Discrete Automation Business.A
ABB has invested more than US$2.4 billion in China since 1992.