Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading industrial robot manufacturer, today announced it won $40 million worth of order to supply 309 units of LCD handling robots for Vibrant Display Technology (VDT), a Chinese affiliate of Chunghwa Picture Tubes (CPT), a Taiwan-based LCD panel provider.

The 6th generation LCD handling robots capable of handling LCD panels measuring 1,850 mm by 1,500 mm will be supplied to the LCD panel factory of VDT at Fuzhou, China by the second half of 2017. The contract value is equivalent to 18% of HHI Industrial Robot Division’s annual sales of 2015, 254 billion won. This year, the company set an annual sales target of 273 billion won, a 7.5% increase from last year.

HHI that started industrial robot business in 1984 now has a full line-up of 10 different LCD handling robot models ranging from 2nd generation (cellphone display screen) to 10.5th generation (ultra-large TV panel). HHI takes up 40 % and 30 % of domestic and overseas LCD handling robot market shares respectively.