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Purchase of KUKA win-win: China's Midea senior executive

Xinhua, April 25, 2017 Adjust font size:

The vice president of Midea Group, a Chinese electrical appliances manufacturer, said Tuesday that the company's cooperation with German robotics and system technology company KUKA, was beneficial to both.

The vice-president, Andy Gu, now also the chairman of KUKA's supervisory board, made the remarks at Hanover Messe, the biggest industrial fair held yearly in the city.

Midea completed its takeover of KUKA in the first half of January, and now controls 94.55 percent of shares.

KUKA's Smart Factory, which is capable of manufacturing, packaging, and supplying a highly customized product for trade visitors, made an appearance at the fair and attracted a great deal of attention.

Visitors need only to put in a personal image using a smartphone and tablet and the Smart Factory handles all subsequent procedures.

"It's the first time KUKA has shown the public the complete Industry 4.0 solution, combining digitalization, automation and customization," Gu said.

According to Gu, KUKA, as a mature factory automation solution provider, can help Midea upgrade in this regard. In return, Midea, as one of the leading players in the Chinese market, can bring KUKA many business opportunities in China's various industries. Endit