Fanuc Powers Down as Industrial Robot Orders Fall June 17, 2019 North American orders for industrial robots fell 3.5% in unit terms and 3.2% in dollar terms in 1Q 2019 after the benefits of the earlier U.S. tax cut was now longer felt. That’s followed an increase in U.S. imports of just 2.0% year over year in 1Q. The start of 2Q has started poorly with a 3... Read more →
Panjiva Daily: Sumitomo pulls plug on China, moves to Vietnam; Konica copies a strategy June 17, 2019 Vietnam is cracking down as it seeks to balance manufacturing growth switched from China and ongoing relations with the U.S. – Sumitomo and Yazaki have made the switch successfully. Konica-Minolta is making a similar move, copying its competitors. Also: Fanuc powers down as industrial robot or... Read more →
Tariff Quote Watch: Fanuc Warns of Tariff Risks, Problem May Be Company-Specific October 30, 2018 Fanuc has cut its net income forecast by 1.99% for the current fiscal year in part due to “continuing trade friction”. That likely reflects a mixture of a broader investment slowdown including the company’s industrial robots rather than the specifics of tariffs. Fanuc’s U.S.-bound seaborne shi... Read more →
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