A naukri.com initiative
The Robot Report
7d
340
igus reaches $1B in sales and continues innovation, global expansion
- igus GmbH, based in Cologne, Germany, achieved €1.105 billion ($1.19 billion U.S.) in sales in the past year, amidst economic constraints and geopolitical challenges.
- Despite the industry's concerns about German robotics losing competitiveness, igus increased active customers by 5% and reported a 2.5% decline in turnover.
- Founded in 1964, igus specializes in motion plastics, producing lubrication-free polymers and is a leader in energy supplies, cables, and bearings.
- The company emphasizes customer benefits through innovation and increased automation, highlighted by its Low-Cost Automation developments and online marketplace.
- igus is venturing into humanoid robotics, developing its first high-performance plastic humanoid robot for flexible use in various workstations with a quick ROI.
- In its sustainability efforts, igus is focusing on CO2 reduction and eco-friendly innovations, converting energy chains to recycled materials and investing in clean energy solutions.
- The company strives to boost sustainability by offering eco-friendly products and practices, such as recycled materials and clean energy solutions.
- igus is expanding its global presence and investing in automation and new products, including establishing new lead screw production in the U.S. and testing areas for robotics technologies.
- With investments in innovation and global expansion, igus continues to lead in motion plastics, automation, and robotics, setting a trajectory for further growth and technological advancement.
- Overall, igus demonstrates a commitment to innovation, sustainability, and customer-centricity as it expands its global footprint and product offerings in the automation and robotics industry.
Read Full Article
20 Likes
For uninterrupted reading, download the app