Latest news with #Yaskawa
Yahoo
4 hours ago
- Business
- Yahoo
Yaskawa's $180M Move: New Headquarters Unveiled
Wisconsin Governor Tony Evers on Friday announced Yaskawa America Inc. will invest some $180 million to expand its footprint in the Badger State, including a new location for its North American headquarters that will create more than 700 new jobs. Most Read on IEN: Auto Giant Files for Bankruptcy, Blames Tariffs Ship Carrying 3,000 Vehicles Abandoned in Pacific Ocean Boeing Flight with More Than 240 Aboard Crashes after Takeoff PODCAST: EV Ship on Fire; Raccoon Problem at Airbus; Oreo Sues Aldi The company plans to expand its current facility in Franklin, Wisconsin, about 15 miles southwest of Milwaukee and a little more than 40 miles north of its current operations in Waukegan, Illinois. The project is expected to be completed in the next eight to 10 years. Yaskawa is consolidating its Illinois and Wisconsin facilities into a new 800,000-square-foot campus that will house its headquarters, training and lab facilities, packaging, and robotics and semiconductor production. According to the company, it is experiencing significant growth driven by its robotics, motion control, AC drives, and solar inverter businesses. According to Dennis Fitzgerald, VP of customer satisfaction at Yaskawa America, many employees at the Waukegan facility live in the northern part of Illinois, so their commute to the new location will likely be shorter. For those living a little further south, Yaskawa is looking for opportunities to relocate workers interested in a change of scenery. Given the project timeframe, which Fitzgerald said could be as short as six years, some associates will likely retire before the new headquarters comes online. However, the company wants as many workers as possible to join the new site in Franklin. Over the next six years, the majority of the manufacturing work in Franklin will be for Yaskawa's drives and motion products division. However, in the next 10 to 20 years, Fitzgerald says robotics will grow to a significant part of the company's Wisconsin operations. The robots will be shipped directly to customers or integrated into production lines at Yaskawa's Ohio facility. The Wisconsin Economic Development Corporation is supporting the project with up to $18 million in performance-based Enterprise Zone tax credits contingent upon the number of jobs created and the amount of capital investment. In 2023, Yaskawa paid some $20 million for a 200,000-square-foot building in Franklin. The facility was previously occupied by a packaging company, according to WPR. The company's global parent, Yaskawa Electric Corporation, has been in business for some 110 years, and the company has operated in the U.S. for nearly 60 years. Click here to subscribe to our daily newsletter featuring breaking manufacturing industry news. Sign in to access your portfolio
Chicago Tribune
11 hours ago
- Business
- Chicago Tribune
Column: Waukegan loses another firm to Wisconsin
While Gov. JB Pritzker was trying to answer inane questions from congressional Republicans last week, officials in Wisconsin were finalizing a deal to bring a top-notch Waukegan manufacturer to the Badger State. The impending move of Yaskawa America was but one in a series of recent bad jobs news for Illinois. Pritzker was among three Democratic governors summoned before the GOP-led House Committee on Oversight and Reform to defend the state's sanctuary laws for undocumented immigrants. He sparred with committee members, including Illinoisan Republicans Darrin Hood of Dunlap, a suburb of Peoria, and Mary Miller of Oakland, near Charleston, home of Eastern Illinois University. The governor could have used the wasted time — he was asked if he had ever used a woman's bathroom (he didn't think so) or if he supports the terrorist Hamas organization in Gaza (Pritzker is Jewish) during long hours of political theater — to be back home and work to save more than 2,100 Illinois jobs. That's the number that will be disappearing from the Land of Lincoln even before the announcement from Yaskawa that it will be pulling up stakes and moving to Franklin, Wisconsin, southwest of Milwaukee. According to the Illinois Department of Commerce and Economic Opportunity, 14 companies across the state, from Libertyville to Naperville to Momence in Kankakee County, will be furloughing workers. In Libertyville, 133 employees at two Bristol Myers Squibb sites in Innovation Park, off Route 45, south of Winchester Road, will be out of work beginning July 1. The pharmaceutical firm announced the layoffs early last month. Cardinal Logistics Management Corp., a North Carolina-based transportation and warehousing company, has gotten rid of 43 employees in Naperville Momence Packing Co., which makes Johnsonville sausage products, is scheduled to lay off 274 workers beginning Aug. 1. The aging facility's operations will move to other plants in Wisconsin and Kansas. Those are substantial job losses, but it is the Yaskawa move that hurts the most. Once again, Illinois has lost a major company to nearby Wisconsin, one which has been in Waukegan on Norman Drive, off Route 43, just north of Martin Luther King Jr. Drive, since 1998. This is occurring while Wisconsin tourism, mainly supported by Illinoisans, for the third year in a row, set new records in total economic impact, number of visitors, and state and local revenue in 2024. The Wisconsin Department of Tourism says America's Dairyland brought in $25.8 billion from tourism last year. Yaskawa America won't be a tourist. Company officials said late last week the firm plans to invest at least $180 million and create more than 700 new high-paying jobs in Wisconsin. The company manufactures industrial robots, motion control devices, low- and medium-voltage alternating current drives, and solar inverters for numerous industries, including the semiconductor, machine tool, automotive, HVAC, pumping, oil and gas. The firm will consolidate its North American headquarters and training facility from Waukegan into one location in Franklin over the next eight to 10 years. The 800,000-square-foot campus in Franklin will include the Yaskawa America headquarters, training and lab building, as well as manufacturing and packaging facilities. 'We take pride in our cutting-edge technology, our commitment to quality, and our world-class manufacturing, and we look forward to a strong future of growth and innovation in Franklin,' Mike Knapek, chief executive officer of Yaskawa America, said in a statement announcing the move. The company's parent, Yaskawa Electric Corp., based in the northern Japanese city of Kitakyushu, is celebrating its 110th anniversary this year. The corporation has more than 15,000 employees worldwide with 81 subsidiaries and 24 affiliate companies. It has been operating in the U.S. since 1967. 'I am really excited to be celebrating Yaskawa's decision to relocate its headquarters to Wisconsin and expand its footprint here in the Badger State, bringing with them millions of dollars in capital investment in Southeastern Wisconsin and hundreds of high-quality, family-supporting jobs,' Wisconsin Gov. Tony Evers crowed in announcing the firm's move out of Waukegan. Evers said the state has authorized up to $18 million in tax credits contingent upon the number of jobs created and the amount of capital investment during the relocation period. 'Companies from across the globe are choosing Wisconsin to grow and expand because they know we have the best workers making the best products,' Evers added, dismissing Illinois workers, noting Wisconsin is strengthening its 'position as a leader in advanced manufacturing'. Yaskawa joins the roster of Illinois firms which continue to find the grass is greener north of the border. Pritzker and Illinois economic development officials have yet to find a battle plan to counter the corporate exodus. They just seem to wave goodbye as more jobs walk away.
Yahoo
06-06-2025
- Automotive
- Yahoo
3D Printing Robot Market worth $3.14 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 6, 2025 /PRNewswire/ -- The global 3D printing robot market is projected to grow from USD 2.00 billion in 2025 to USD 3.14 billion by 2030, at a CAGR of 9.5% according to a new report by MarketsandMarkets™. The robotic 3D printing market is expanding rapidly, driven by the rising demand for automation, customization, and cost-efficient manufacturing. Integrating advanced robotics with additive manufacturing enables the production of complex, high-precision parts with reduced lead times and material waste. Industry 4.0 advancements and smart factory initiatives are accelerating adoption, particularly in aerospace, automotive, and construction. Growing investment in mobile 3D printing robots and sustainable building practices further fuels market growth. Key players such as Yaskawa, KUKA, and ABB continue to innovate, positioning the market for significant expansion in the coming years. Download PDF Brochure: Browse in-depth TOC on "3D Printing Robot Market" 150 – Tables60 – Figures312 – Pages 3D Printing Robot Market Report Scope: Report Coverage Details Market Revenue in 2025 $ 2.00 billion Estimated Value by 2030 $ 3.14 billion Growth Rate Poised to grow at a CAGR of 9.5% Market Size Available for 2021–2030 Forecast Period 2025–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Component & Service, Robot Type, Application and Region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Complexities associated with system integration Key Market Opportunities Expanding landscape of sustainable construction Key Market Drivers Increasing inclination toward automation and personalized manufacturing By End User, Automotive Segment to Record Highest CAGR During Forecast Period The automotive sector is expected to record the highest compound annual growth rate (CAGR) in the market for 3D printing robots during the forecast period. Growth in the industry can be attributed to its growing dependence on sophisticated manufacturing technologies that improve efficiency, minimize time-to-market, and address customization needs. Since the automotive sector is moving toward electric vehicles, lightweight materials, and fast prototyping, robotic 3D printing offers a business enabler in the form of flexible and accurate manufacturing of complex parts. Automotive manufacturers are adopting robotized 3D printing to produce automotive parts, such as tailor-made brackets and enclosures, light structural parts, and prototyping at reduced costs, facilitating cost savings on tooling and fewer design iterations. Additive manufacturing's use of robotic arms enables production to be repeatable and scalable, meeting the industry's volume and quality standards. As an added boost, increased demand for vehicle personalization and reduced development time further propel adoption. Leading automotive original equipment makers and Tier 1 suppliers are investing in developing smart factories, where robotic three-dimensional printing is central to quick response production plans. As the market focuses on innovation, sustainability, and affordability, robotic three-dimensional printing is bound to grow further, making the automotive segment the fastest-growing end user during the forecast period. 3D Printing Heads Segment to Witness Highest CAGR in 3D Printing Robot Market, by Component & Service, from 2025 to 2030 The 3D printing heads segment is expected to witness the highest compound annual growth rate (CAGR) during the forecast period in the 3D printing robot market, driven by continuous advancements in printhead technology and its critical impact on deciding the accuracy, speed, and material compatibility of printing. Since end-use products demand greater customization and complex geometries from manufacturers, demand for high-performance 3D printing heads for a mix of materials—thermoplastics, composites, and metals—is increasing relentlessly. Additionally, innovations in multi-material and multi-nozzle printheads enable faster and more efficient manufacturing processes, critical in manufacturing functional parts and prototyping. Also, other industries such as aerospace, automotive, and healthcare are increasingly adopting high-end 3D printing heads to create light, yet strong and tailored components. The miniaturization trend and micro-scale printing in the electronics and healthcare sectors also drive demand for highly accurate and reliable printheads. Also, as 3D printing robots become more integrated into automated manufacturing lines, the performance and reliability of the print head will be the biggest differentiator. Hence, we will see more investment in research and development and upgrading to this component, eventually supporting its robust growth trajectory. Articulated Robots to Record Highest CAGR in 3D Printing Robot Market, by Robot Type, During Forecast Period The articulated robots segment is expected to register the highest CAGR in the 3D printing robot market during the forecast period, primarily due to its unmatched flexibility, range of motion, and precision in complex manufacturing tasks. Articulated robots feature multiple rotary joints that allow them to maneuver across several axes, making them ideal for producing intricate geometries and customized parts across diverse applications. Their adaptability makes them particularly valuable in additive manufacturing processes that require detailed layer-by-layer deposition and movement across non-linear paths. Aerospace, automotive, and healthcare industries increasingly rely on articulated robots for advanced prototyping, tooling, and functional part manufacturing. These robots can handle various materials, including metals, polymers, and composites, and seamlessly integrate into automated production lines. Moreover, the growing demand for multi-material and large-scale 3D printing applications is boosting the adoption of articulated robots, especially in high-precision environments. Continued advancements in AI and sensor technologies are enhancing the intelligence and responsiveness of articulated robots, further driving their implementation. As industries pursue greater automation and customization, articulated robots are set to play a key role in next-generation manufacturing, supporting their strong CAGR outlook. Inquiry Before Buying: Asia Pacific to Hold Largest Market Share in 2030 Asia Pacific is expected to maintain the leading share in the 3D printing robot industry in 2030 due to industrial expansion, technological adoption, and supportive government initiatives across key economies such as China, Japan, South Korea, and India. The region is witnessing significant growth in advanced manufacturing sectors, particularly automotive, electronics, and aerospace, which are early adopters of automation and additive manufacturing. As a global manufacturing powerhouse, China is heavily investing in smart factory infrastructure and is rapidly adopting robotic 3D printing for faster prototyping and production efficiency. Moreover, governments in countries such as Japan and South Korea promote Industry 4.0 and digital transformation strategies, including robotics and 3D printing integration. The availability of skilled labor, a robust supply chain, and cost-effective manufacturing capabilities make the region attractive for global players looking to expand their 3D printing robot operations. The rise of sustainable construction practices and the demand for customized consumer products are also driving further adoption. The growing number of domestic technology providers and collaborations with global automation firms reinforce Asia Pacific's dominant position in the market. Key Players Key companies operating in the 3D printing robot companies include ABB (Switzerland), KUKA AG (Germany), Yaskawa Electric Corporation (Japan), FANUC (Japan), and Universal Robots A/S (Denmark). Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting Related Reports: 3D Printing Market Size by Offering (Printer, Material, Software, Services), Technology (Fused Deposition Modelling, Stereolithography), Process (Powder Bed Fusion, Material Extrusion, Binder Jetting), Application, Vertical & Region - Global Forecast to 2029 Industrial Robotics Market by Robot (Articulated, SCARA, Cartesian, Parallel, Cylindrical, Collaborative), Payload (up to 16 kg, >16 to 60 kg, >60 to 225 kg, >225 kg), Offering (End Effectors, Controllers, Drive Units, Sensors) - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. 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Nikkei Asia
29-05-2025
- Business
- Nikkei Asia
Robot maker Yaskawa targets US as rival gains in China
TOKYO -- Japanese industrial robot maker Yaskawa Electric is seeking to pave a path to growth in the U.S. as the rise of a Chinese peer squeezes its earnings in the key market of China. At the company's most recent quarterly earnings presentation, Yaskawa President Masahiro Ogawa issued a grim assessment of China's business environment.
