ŠKODA AUTO invests EUR 444m, implements robots

Published: 02.11.2020 Related countries:  Czech Republic Czech Republic

ŠKODA AUTO investments in 9M 2020 down 40.4% y/y.

ŠKODA AUTO invested EUR 444m in 9M 2020, down 40.4% y/y. The company informed that it continues to be strongly affected by the effects of the anti-pandemic measures. As part of Industry 4.0, it introduced robots at the Kvasiny and Vrchlabí plants. It also developed the Optikon AI logistics application, which uses artificial intelligence to optimize the loading capacity of containers. It is also currently testing biodegradable packaging films.

Source: ČIA NEWS, November 2nd, 2020
Compiled by the team of CzechTrade office in Riga.