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Doosan Group has signed a memorandum of understanding contract with the Milwaukee, Wisconsin-headquartered industrial automation company Rockwell Automation. The deal will help the South Korean conglomerate with its expansion to the US market.
The Korea Economic Daily reported that Doosan revealed on Sunday, April 30, that it signed the MOU with Rockwell Automation on April 25 when President Yoon Suk Yeol and his delegation flew to Washington, DC, for a state visit.
Under the agreement, Rockwell Automation will supply Doosan with hardware and software for manufacturing automation in several business fields such as automobile, semiconductor, and bio. They will then work on the development of robot solutions together.
The Korean machinery powerhouse will also use the deal with the top automation solution provider in North America to boost its market share in the global robot industry, which is growing rapidly today. The growth is due to the soaring demand for automation in this period of digital transformation.
“The collaboration with the global industrial automation leader Rockwell is expected to diversify solutions related to collaborative robots and increase opportunities for supplies of those robots,” Moon Hong Sung, Doosan Corporation’s president, said in a statement. “We will develop the solution into a new business opportunity for both Doosan and Rockwell by applying it not only to Doosan but also to various plants to prove its effectiveness.”
Doosan Robotics Inc., a subsidiary of the Doosan Group, will supply the robots that they will build to Rockwell. As per Yonhap News Agency, the machines are set to be distributed to Rockwell Automation’s manufacturing facilities, including welding, assembling, inspection, palletizing, and machine-tending.
Meanwhile, the Doosan Group is looking for its future growth engines in the automation and semiconductor industries since it has been working on digital transformation for quite some time now. Currently, its Doosan Robotics unit ranks No. 5 in the global collaborative robot market.
