The Midea-KUKA Smart Manufacturing Indust ry Park Established in Guangdong, marks the era of “Smart Manufacturing” in the Greater Bay Area in China.
The launching ceremony of the Guangdong Intelligent Manufacturing Innovation Demonstration Park and Sino-German Intelligent Manufacturing International Cooperation Demonstration Zone and the concurrent ground-breaking event of Midea-KUKA Smart Manufacturing Industry Park took place in Shunde on March 28, 2018.
The Vice-Governor of Guangdong Province, Chen Liangxian, the Director of Investment Promotion Agency of the Ministry of Commerce, Liu Dianxun, the Secretary of CPC Foshan Municipal Committee, Lu Yi, Midea’s Chairman & CEO, Paul Fang and Dr Till Reuter, CEO of KUKA AG as well as senior management from both companies, attended this major event.
Midea, together with KUKA, have announced that with the former’s investment in the latter’s business activities in China, both parties have decided to set up three separate joint ventures with the vision to ultimately boost a fast and comprehensive growth in the automation business. Both parties will work to expand the businesses of industrial robots, healthcare and warehouse automation, and offer customised products and solutions in response to the fastgrowing demands in smart manufacturing, smart healthcare and smart logistics in the China market. The respective shareholders, Midea Group and KUKA Aktiengesellschaft, will each have a stake of 50% in the joint venture company.
On this very first occasion where the group has announced its development strategy since its acquisition of KUKA, the companies outlined the common roadmap for KUKA robotics business in China.
“With the joint ventures, we are now concretising our growth plans in China, thereby securing global success for KUKA,” said Dr Reuter. “KUKA and Midea complement each other very well. The merger brings us closer to our goal of becoming the No. 1 in China”.
Photo: Dr Till Reuter – CEO of KUKA AG