Hanwha Robotics and Wipro Team Up to Explore Cobot Market in India
- - Hanwha Robotics and Wipro Infrastructure Engineering signs an MOU to set up a base of operations in India
- - Hanwha Robotics is the first Korean collaborative cobot manufacturer to enter India
- - Hanwha Robotics adds India to its existing sales network that expands from Europe and Asia to the Americas, making a leap to become a global cobot specialist company
[July 19, 2019] On July 2, 2019, at a ceremony held at Wipro Enterprises headquarter in Bangalore, Hanwha Precision Machinerys Robot Business Division (Hanwha Robotics) signed a memorandum of understanding (MOU) with Wipro Infrastructure Engineering (WIN) to establish a local sales and operations office in India. The event was attended by the Vice President & Head of Hanwha Robotics Chongsung Ra and the CEO of WIN Pratik Kumar, among other executives.
The partnership combines the core competencies between the two companies: Hanwhas cobot manufacturing and development capabilities and WINs Automation Solutions business and broad sales network in India. Through this partnership, Hanwha Robotics will be able to sell its factory automation cobots to WINs extensive customer base through its sales network.
WIN is one of two main businesses of Wipro Enterprises (P) Limited, which posts a total revenue of USD 8.47 billion with a net income of USD 1.3 billion in annual sales, and a market capitalization of USD 11.6 billion. WIN was established over 40 years ago in hydraulics and has since then expanded into Aerospace, Additive Manufacturing, Automotive Solutions, and Water Treatment. Wipro’s IT outsourcing service business is one of the world’s Top 3 in IT outsourcing with more than 170,000 employees worldwide.
“I believe that cobots are the ideal solution for manufacturing automation in the Fourth Industrial Revolution,” said WIN CEO Pratik Kumar during the MOU signing ceremony. “We chose to work with Hanwha because it leads the cobot industry with its technological prowess and manufacturing edge.”
The MOU between Hanwha Robotics and WIN marks the first time a Korean cobot company has partnered with an Indian company to form a mutually beneficial partnership where both parties work together to create new markets and opportunities.
“Im proud that with this agreement, Hanwhas cobot will be able to enter the Indian market,” said Vice President & Head of Hanwha Robotics Chongsung Ra. “We will continue investing in robotics while building a sales network across Europe, the Americas, and Asia to become a truly global cobot company.”
In March of 2017, Hanwha Robotics launched Koreas first cobot: the HCR-5. Soon after, the HCR-3 and HCR-12 were added to extend the product line of cobots. Hanwha Robotics is now expanding across China, Southeast Asia, Europe, the Americas, and India.
Hanwha Precision Machinery
After developing the first chip mounter in 1989, Hanwha Precision Machinery has become a leading worldwide Smart Factory solutions provider, offering Surface Mount Technology (SMT) mounters, semiconductor equipment, insertion and assembly automation equipment, collaborative robots, industrial automation equipment, and integrated software solutions.
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