Robot manufacturers miss sales targets
December 21, 2015 Category Macro-economy, Weekly
Many manufacturers of industrial robots in China missed their sales targets this year but they are still raising their targets for 2016 despite expectations of another challenging year ahead. GSK CNC Equipment, one of the top players in this sector based in the Guangdong capital of Guangzhou, sold 550 industrial robots in 2014 priced from CNY100,000 to CNY1 million. It targeted sales of 1,100 units this year and 2,000 in 2016, but only sold around 800 units this year. Guangdong Jaten Robot & Automation predicted earlier that its annual output would reach CNY160 million in 2015, marking a dramatic jump from CNY70 million in 2014, but now CNY90 million sounds more realistic. One potential client after another postponed their investment plans. The government is aggressively promoting increased automation to offset rapidly rising wages and labor shortages. In March, the provincial government of Guangdong announced that it would invest CNY943 billion to replace manual workers with robots within three years. Some Chinese robot manufacturers are able to produce robots at half the price of their Japanese competitors, but still need to import crucial components and the price is often still too high for many prospective customers, the South China Morning Post reports.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world