Robotics

SK on Invests 36.7 Billion Won in Robotics Firm to Accelerate Smart Factory Construction


A white rendition of the SK on logo
A white rendition of the SK on logo


SK on is set to invest approximately 36.7 billion won in industrial robot company Yuil Robotics. The goal is to secure a stable supply chain of robots necessary for factory automation and other “smart factory” needs.


According to the battery industry on May 28, SK battery America, a subsidiary of SK on, will participate in the third-party allocation of paid-in capital increase for Yuil Robotics. The investment amount is US$26.76 million.


Through the acquisition of Yuil Robotics, SK on plans to accelerate the construction of smart factories. Initially, SK on will apply robotic technology to its U.S. factories and, based on the results, will expand the application of related robotic technology to its global factories.


Recently, SK on has been actively securing smart factory-related technologies in collaboration with major domestic and international companies. In April of this year, it signed a memorandum of understanding (MOU) with Siemens DISW to establish a digital twin for battery manufacturing plants. At the end of last year, SK on also signed a six-party MOU with Beckhoff Automation, Cisco, ifm electronic, and others to enhance the intelligence of production equipment.


Following the capital increase, SK battery America will become the second-largest shareholder in Yuil Robotics, with a 14.6% stake. The current largest shareholder is Kim Dong-heon, the CEO of Yuil Robotics, who holds a 42.79% stake. Including shares held by related parties, Kim owns 49.35%.


Yuil Robotics, established in 2011, is an industrial robot company producing Cartesian robots, articulated robots, and collaborative robots. Its automation system portfolio includes the Auto Feeding System, a smart factory solution essential for factory automation, and cooling systems.



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