ABB invests $280 million in new robotics factory in Sweden

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Reuters UK

By John Revill ZURICH (Reuters) – ABB is spending $280 million on a new robotics factory in Sweden, the Swiss engineering and technology group said on Wednesday, to meet growing demand from customers moving back production from Asia to avoid supply chain log-jams. Rising tensions between Washington and Beijing have also made some manufacturers and other robot users rethink their manufacturing footprint and shift production away from China. ABB Chief Executive Bjorn Rosengren said his company was seeing evidence of the re-shoring trend, although his company still remained committed to China. “T…

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