Handling pro fanuc4/13/2023 ![]() ![]() Collaborative robotic arm (cobot) leader Universal Robots also said its demand in China was reduced due to COVID lockdowns.įANUC’s quarter orders, which are typically early indications of earnings, hit 234 billion yen, around $1.7 billion, a 4% increase. Pudu’s CEO, Tao Zhang, cited downward shifts in the global economy for the layoffs. There have been reports of major layoffs at Pudu Robotics, a Chinese developer of commercial service robots. ![]() Shanghai’s recent COVID-19 lockdown delayed product deliveries, but FANUC president Kenji Yamaguchi said during the earnings call that demand in China has not changed before or after the lockdown.įANUC isn’t alone in facing struggles in China, however. While FANUC’s sales overall increased, the company did see a 12% drop in sales to China, one of the company’s biggest markets. FANUC’s sales increased 14% to 211.5 billion yen, over $1.5 billion. The company said it had strong demand for its robots in lithium-ion battery plants, due to growth in the electric vehicle market, and in the logistics and food industries. | Source: FANUC AmericaįANUC recently closed its April-June quarter with a net profit of 42.1 billion yen, around $313 million, a nearly 5% increase from last year. ![]() FANUC opened its headquarters in Aguascalientes, Mexico in July 2022.
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