Siasun Robot & Automation Co Ltd (Siasun) announced recently that it had received a $1.21 million subsidy from a local government to construct a modern technical zone.
The company said funding for the Shenyang Hunnan Wisdom Industrial Zone came from the Shenyang Dongling District (Hunnan New District) government. This fund will have a positive effect on this year's revenue, the company added.
Siasun, based in Shenyang in Northeast China's Liaoning province, is one of the nation's major robot producers. Its key products include advanced robots, and equipment related to rail-transit automation, advanced manufacturing and energy.