Daifuku and AFT Industries begin partnership in automotive industry
Kicking off a mutually beneficial partnership to build on the material handling capabilities of both companies, Daifuku Co. Ltd. and AFT Industries are leveraging the global network of the former and the automotive manufacturing experience of the latter. Both companies agree that the automotive market is undergoing a never-before-seen quantity of change, and that getting involved in transformations of the world's largest automakers could easily sustain long term growth for both entities. The combined entity seeks to raise capital for material handling and robotics investment, especially investment targeted towards smart electric vehicle manufacture.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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