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Robot maker Fanuc running full-tilt amid China orders

New $550m factory to double production, but heavy capex could squeeze profits

A Fanuc factory.

TOKYO -- Thanks largely to rising demand in China, Japanese robot maker Fanuc is on a steady growth path, expecting a 36.5% rise in group operating profit in the current fiscal year through March, to 209.1 billion yen ($1.83 billion) from a year before. But Chairman and CEO Yoshiharu Inaba is eager to expand further, especially in Europe.

On Oct. 26, the Yamanashi Prefecture-based company announced its latest earnings for the July-September period at its headquarters in Oshino, west of Tokyo. The figures show how well the company's three business pillars -- numerical control devices, robots and other industrial equipment -- are being integrated to generate growth.

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