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$150 million

Robots to make robots at ABB’s new $150 million factory in China

ZURICH: Robots will make robots at a new ABB factory in China, which the Swiss engineering group said on Saturday it plans to build for $150 million in Shanghai as it defends its place as the country’s largest maker of industrial robots. The factory, located near ABB’s China robotics campus, is due to be operating by the end of 2020 and will produce robots for China as well as for export elsewhere in Asia. China is ABB’s No. 2 market after the United States. “Shanghai has become a vital center for advanced technology…