Now Robotics, an intelligent robot specialist, announced on the 4th that it has signed a contract worth approximately 3.7 billion won to supply a robot assembly automation system to automotive parts company Korea Fukoku.
This contract involves the supply of automated automotive engine damper assembly equipment to FKC America, a local U.S. subsidiary. The contract amount is KRW 3.7 billion (excluding VAT), and the contract period runs from March 4, 2026, to February 28, 2027.
The system being supplied is a robotic automation facility used in the assembly process of core automotive components, which requires high precision and durability. Now Robotics will handle the entire process, from design and manufacturing to test operation, using its own production system. Installation and final inspection in the US are scheduled to be completed by February 2027.
This order is considered a major contract secured by Now Robotics following its recent acquisition of Hanyang Robotics, a robotics automation company. Analysis suggests that the integration of the two companies will strengthen Now Robotics' ability to handle large-scale projects and execute overseas operations by consolidating its production facilities and technological capabilities.
Payments are made in installments. A 30% deposit is due within 10 days of signing the contract. First and second installments of 30% each are due based on the progress of the purchased goods and assembly of the mechanical components. The final 10% is paid upon completion of on-site installation, test operation, and final inspection in the US.
A company official explained that this contract is a response to the demand for robotic automation in the global automotive parts production process, and stated that the company plans to expand orders for automated equipment centered on overseas production bases.
Meanwhile, in the global manufacturing industry, rising labor costs and demands for improved production efficiency are leading to an increase in investment in robot-based process automation.
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