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Kivnon Logística last month got in insolvency as the business tries to restructure and reformulate the Spanish service provider of automated led lorries, or AGVs. The Robotic Record connected to the business for even more information on the information.
When inquired about the reason for the insolvency, a business agent claimed, “ The AGV market has actually experienced remarkable changes just recently, specifically affected by obstacles in the auto market, among the biggest adopters of mobile robotics. This has actually produced a causal sequence, reducing development in some locations.”
” Nonetheless, various other markets, such as logistics and shopping, remain to drive need as they seek effective automation services to fulfill boosting functional stress,” claimed the Kivnon rep.
According to The AGV Network, the business’s economic declarations revealed properties of EUR25 million ($ 26.4 million united state) versus responsibilities of EUR20 million ($ 21.1 million), with EUR15 million ($ 15.8 million) owed to banks.
Kivnon’s head office and production centers remain in Barberà del Vallès, near Barcelona. Regardless of producing EUR19 million ($ 20 million) in earnings in 2023, the business reported pre-tax losses of EUR800,000 ($ 845,000).
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Kivnon to proceed assistance
Kivnon claimed it has actually mounted over 6,000 robotics worldwide considering that its starting in 2007, and its profile consists of 10 various versions of AGVs. The lorries are commonly released in product handling and logistics applications in production and storage facilities.
The business claimed it prepares to proceed assistance for its mounted base.
“ Our concern is to make sure connection for our consumers,” claimed the agent. “The objective is that their manufacturing procedures continue to be untouched, and they can proceed their procedures effortlessly, despite any kind of business modifications. This dedication will certainly expand with the following business to take the lead.”
The future is still obscure for Kivnon. Nonetheless, according to the agent, “t below is a binding deal in position, yet a home window is currently open for various other firms to send brand-new propositions.”
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