More Wallenberg Investing: Robots To Brand Robots At Abb's Novel $150 1000000 Manufacturing Flora Inward China

As seen last week the Wallenberg clan has a 10.7% stake inwards ABB.

They are patient coin which is a skillful matter because inwards this case, it has been half dozen years since nosotros posted "Here's the Robot that Foxconn Will Use to Build Their Million-strong "Robot Kingdom" (ABB; AAPL)".
It turned out the Chinese regime preferred that Foxconn's Mr. Gou non fully automate the Shenzhen facility as well as lay 500,000 people out of work.
So ABB has taken a slightly dissimilar approach.

From Reuters:

Robots volition brand robots at a novel ABB (ABBN.S) manufactory inwards China, which the Swiss applied scientific discipline grouping said on Sat it plans to construct for $150 1 thou 1000 inwards Shanghai equally it defends its house equally the country’s largest maker of industrial robots.

The factory, located nigh ABB’s Red People's Republic of China robotics campus, is due to live operating yesteryear the halt of 2020 as well as volition create robots for Red People's Republic of China equally good equally for export elsewhere inwards Asia. Red People's Republic of China is ABB’s No. ii marketplace position afterwards the United States.

“Shanghai has decease a vital pump for advanced engineering leadership – for ABB as well as the world,” ABB Chief Executive Ulrich Spiesshofer said inwards a disputation announcing the project.

With the expansion, ABB is banking on Chinese robots sales defying concerns over merchandise tensions amongst the USA that to a greater extent than or less fearfulness could dent need for electronics, machine parts as well as other items that quest automated manufacturing as well as robots.

Red People's Republic of China is expanding its robot workforce, equally reward for human workers in that location ascent as well as the solid soil seeks to compete amongst lower-cost countries via greater automation. In 2017, 1 of every 3 robots sold inwards the footing went to China, which purchased nearly 138,000 units, ABB said....MORE

Related:
Sept 2017
"Race to Make Robots for Red People's Republic of China Spurs ABB Plan to Double Capacity" (ABB)
Well it's nigh time....

November 2012
Foxconn Begins Installing First 10,000 Robots (AAPL)
These are uncomplicated robotic arms* non the anthropomorphized bots nosotros mentioned inwards August's "Here's the Robot that Foxconn Will Use to Build Their Million-strong "Robot Kingdom" (ABB; AAPL)".
As speculated, Foxconn is edifice their ain robots....

*Compare to the ABB FRIDA from our August post:
7-axis, dual arm, 720 aeroplane 'wrist' spin, portable, as well as on as well as on:

October 2014
"Million Robot Revolution Delayed—iPhone Manufacturer Foxconn Hires More Humans"

“Hon Hai has a workforce of over 1 one thou 1000 worldwide as well as equally human beings are equally good animals, to create out 1 one thou 1000 animals gives me a headache.”

- Foxconn CEO Terry Gou at an annual household unit of measurement hateful solar daytime for staff at the Taipei Zoo.

Via the Financial Times