Hyundai Heavy Industries Holdings and KUKA sign MoU for Strategic Partnership
May 8, 2018
The MOU aims towards a strategic partnership between the two companies including joint efforts on marketing and related comprehensive support. In furtherance of the partnership, a Strategic Sales Framework Agreement between Hyundai Heavy Industries Holdings’ robotics business division (Hyundai Robotics) and KUKA Robotics Korea Co. Ltd., KUKA’s local subsidiary, will be established, signed by Mr. Joong-geun Youn, CEO of Hyundai Robotics and Mr. KD Chang, CEO of KUKA Robotics Korea Co. Ltd.
Throughout such partnership, Hyundai Robotics intends to broaden its product portfo-lio, especially regarding new technologies and products, small robotics, human-robotic collaboration, mobility, etc., as well as to expand its business with existing and newly acquired Korean customers.
We will reinforce our focus on Korean costumers through Hyundai robotics as a strategic sales and marketing partner as well as to expand our Korean customer portfolio.