Updated Oct.19,2006 09:54 KST

Hyundai Heavy Eyes Industrial Robot Industry

The world's largest shipbuilder Hyundai Heavy Industries aims to become a leading producer of industrial robots as well. The company said Wednesday it hopes to be one of the world's top five industrial robot makers by 2010. To that end, it plans to boost its annual production capacity of industrial robots from the current 1,500 units to 10,000 within four years by expanding facilities. The company also plans to expand its overseas market for industrial robots and has already set up a joint-venture in China to rev up business. Currently most of the company's robots go to domestic firms.

Arirang News