The Robot Report

  • Research
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • Grippers / End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors / Sensing Systems
    • Soft Robotics
    • Software / Simulation
  • Development
    • A.I. / Cognition
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Defense / Security
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
  • Investments
  • Resources
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50
    • Search Robotics Database
    • Videos
    • Webinars
  • Events
    • RoboBusiness Direct
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
  • Podcast

Robotics exec: China may not be the only leader in robots

By Christopher Calnan | October 30, 2017

China may be a robotics hotspot now, but the CEO of one of the largest robotics companies in the world says its U.S. investment was a good move.

Ulrich Spiesshofer, CEO of Swedish-Swiss automation giant ABB (VTX:ABBN), said last week that the firm’s investment in the U.S. robotics market is returning dividends, CNBC reported.

“You look forward to America, our investment in robotics activity there, we are the only ones that are producing robots at scale in the U.S., it’s paying off,” Spiesshofer said.

In September, ABB acquired the industrial solutions unit of General Electric (NYSE:GE) for $2.6 billion in a move projected to help ABB increase its hold in North America.

Last week the company posted third-quarter earnings of 34¢, beating analyst estimates by 3¢. ABB reported quarterly revenue of $8.72 billion, a 3% rise compared with the same period last year. Revenue in the company’s robotics and motion division increased 8% during the quarter, according to a filing with the U.S. Securities & Exchange Commission.

In his earnings call with analysts, Spiesshofer said ABB is providing plenty of competition for its robotics rivals in China — the world’s largest market for robots — and is expecting more growth in 2018.

“We are growing extremely well in the largest and fastest-growing market in China. We have a fully integrated footprint there,” he said. “We have local R&D teams. We have the local distribution. So this is one which is developing very well. And our innovation pace, the pace in which we are bringing our new services, offerings and solutions in robotics is one that will be hard for many competitors to match.”

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

WeRide
China’s WeRide raises another $110M for autonomous vehicles
ABB China hospital
How a hospital in China automates drug dispensing
maxon Fourier Intelligence
maxon building custom drives for rehab robots
Flexiv Rizon
Flexiv raises more than $100M for adaptive robots

Robotics Year in Review

The Robot Report Listing Database

Latest Robotics News

Robot Report Podcast

Teradyne’s acquisition strategy & the future of cobot

The Robot Report Podcast · Teradyne's acquisition strategy & the future of cobots

Sponsored Content

  • Doosan Robotics: Driving Innovation and Growth in Cobots
  • FORT Robotics Podcast: FORT Robotics on how to keep humans safe and in control of robots
  • Pallet Detection Systems Help Automated Forklifts Modernize Warehouse Operations
  • IES Servo Control Gripper
  • How to cut the cost of manufacturing

Tweets by RoboticTips

The Robot Report
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • RoboBusiness Event
  • Robotics Business Review
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Advertising
  • Contact Us

Copyright © 2021 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media. Site Map | Privacy Policy | RSS

Search The Robot Report

  • Research
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • Grippers / End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors / Sensing Systems
    • Soft Robotics
    • Software / Simulation
  • Development
    • A.I. / Cognition
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Defense / Security
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
  • Investments
  • Resources
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50
    • Search Robotics Database
    • Videos
    • Webinars
  • Events
    • RoboBusiness Direct
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
  • Podcast