Saturday, March 28, 2020
Hyundai Heavy Industries Won $40 Million Industrial Robots Contract
Strong in Industrial Robot
Hyundai Heavy Industries Won $40 Million Industrial Robots Contract
  • By Jung Min-hee
  • July 13, 2016, 01:00
Share articles

Hyundai Heavy Industries’ 6th generation LCD handling robots.
Hyundai Heavy Industries’ 6th generation LCD handling robots.

 

Hyundai Heavy Industries (HHI) announced on July 12 that it recently won a contract to supply about 300 units of LCD handling robots for Vibrant Display Technology (VDT) in China, an affiliate of Chunghwa Picture Tubes (CPT), a Taiwan-based LCD panel provider.

The ordered robots, which are capable of handling the 6th generation LCD Glass measuring 1,850 mm by 1,500 mm, will be supplied to the LCD panel factory of VDT at Fuzhou, China by the second half of 2017.

After a fierce competition with Japanese robot makers, HHI has successfully won the contract, with favorable evaluations in the overall performance of its robots, including durability, convenient operation, and simple maintenance.

The contract value amounts to 18 percent of HHI’s annual sales of industrial robots in 2015, which was 254 billion won. This year, the company set its annual sales target of 273 billion won, up 7.5 percent from last year.

Since it started the robot business in 1984, HHI has independently developed and produced industrial robots as the only robot provider in the country. It succeeded in developing LCD handling robots in 2007 and currently takes up about 30% of the global LCD robot market.

In March of last year, HHI also developed robots for carrying the 10.5th generation supersize LCD panels (3,370 mm by 2,9440 mm), which are expected to attract new investment from LCD manufacturers.

The company is speeding up the commercialization of medical robots by delivering and certifying its own developed advanced medical robots for walking rehabilitation and tumor treatment to seven medical institutions across the country in the first half of this year.