Tianjin ORAC plans to lift level of innovation

Tianjin ORAC Elevator Co Ltd plans to introduce robots to its assembly line in order to boost efficiency and speed up the pace of its transformation toward intelligent manufacturing.

The firm, a leading manufacturer of elevators, is taking the step in line with the national "Made in China 2025" strategy, which seeks to transform China from a manufacturing giant into a global manufacturing power.

Liu Yongyuan, the company's chairman, said it plans to invest 70 million yuan ($10.6 million) to introduce advanced robotic equipment.