China’s largest beverage producer Hangzhou Wahaha Group Co Ltd is planning to set up a new factory to expand the production of industrial robots as part of a business transformation. The value of the investment was not revealed, but Chairman Zong Qinghou told China Daily the figure could be significant. “Besides sticking to our main business of beverages, we will largely develop intelligent manufacturing to promote our company’s business transformation and upgrading,” said Zong, who ranked fourth in the mainland on the 2015 Hurun Rich List, with a personal wealth of 120 billion yuan ($18.57 billion)…Full Article: China Daily Apr 2016
- According to the Chairman of Hangzhou Wahaha Group, the company will build a new factory in in Lin’an (west of Hangzhou), Zhejiang Province. The new factory will potentially host Israeli robotic technology.
- From 2015 to 2016, Hangzhou Wahaha Group’s planned usage of industrial robots in its factories will increase from 30 to 100.
- From 2013 to 2014, Wahaha’s reported revenue fell from CNY 78.3 billion (US$12.5 billion) to CNY 72 billion yuan (US$11.5 billion).
- Founded in 1987 in Zhejiang province, Wahaha (the sound of laughter in Chinese) is China’s largest beverage company. The company has over 150 subsidiaries in 29 provinces, with total assets of 30 billion yuan [US$4.83 billion] and 30,000 employees (as of early 2013). The company produces milk drinks, carbonated soft drinks, juice drinks, tea drinks, health-care foods, canned foods and bottled drinking water. Zong Qinghou is the founder, Chairman and CEO of the company.