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Article: India: GE and Fanuc decide to separate their long time industrial systems JV business.
- Article from:
- TendersInfo
- Article date:
- August 19, 2009
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Byline: prashant03
GE and Fanuc have established joint venture in 1986 to mix each other's abilities in programmable logic controller (PLC) and computer numerical control (CNC) machine domains.
FANUC Honorary Chairman Dr. Seiuemon Inaba said, "Our joint venture has achieved great success toward its original mission, which was to cooperate on the global growth and technical development of the PLC and CNC business. Over this time period, markets and opportunities also have changed dramatically, and both companies further expanded into adjacent segments. Today's market conditions are such that it's imperative we pursue these expanded opportunities, and ...