Siasun eyes growing global demand for robots

As rising labor costs and a mounting demographic crisis drive up global demand for both industrial and service robots, Siasun Robot & Automation Co, China's largest robot maker by sales revenue, plans to boost its innovation and manufacturing presence in more countries to tap the growing demand for "automated workers".

Headquartered in Shenyang, Northeast China's Liaoning province, the company plans to build a number of service and innovation facilities in economies participating in the Belt and Road Initiative such as Singapore, South Korea, India and the United Arab Emirates to further compete with its established global rivals, in addition to more than 30 export destinations throughout the world.

As in China - the world's traditional manufacturing powerhouse - rapid industrial growth and urbanization pace in many countries have prompted labor-intensive industries to find new ways to cope with increased demand, said Qu Daokui, Siasun's president.