ABB to Build $150 Million Robotics Factory in Shanghai
October 29 2018 - 2:42AM
Dow Jones News
By Alberto Delclaux
Switzterland's ABB Ltd. (ABBN.EB) over the weekend said that it
will build a robotics factory in Shanghai, representing an
investment of $150 million.
The factory, in which "robots will make robots," will begin
operating by the end of 2020, the company said. It will be located
close to ABB's China robotics campus.
China is the world's largest robotics market, buying one out of
every three robots sold in 2017, according to ABB.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
October 29, 2018 02:27 ET (06:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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