iRobot plans big investment

iRobot Corp, the US-based robotic technology solutions provider, which is known primarily as a maker of robot vacuum cleaners, is planning to triple or quadruple its investment in the Chinese market next year, in view of its average annual growth rate of 70 to 100 percent in China.

The company will open its Chinese headquarters in Shanghai on Thursday to strengthen marketing and promotion in China and extend its robotic products to healthcare services and the smart-home field.

"iRobot is focused on significant growth opportunities in China. We are continuing to increase the size of manufacturing operations in China as well as engineering functions. China is an incredibly important part of iRobot's strategy and we will continue to grow," said Colin Angle, chairman and CEO of iRobot.