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Kivnon Logistics concluded a pivotal chapter in its restructuring efforts, marking a significant step towards revitalizing the Spanish company’s position as a leading provider of automated guided vehicles (AGVs). Reached out to the corporation for additional specifics regarding the data.
Upon being asked to provide a justification for the chapter in question, an organisational representative stated,
Accordingly, the corporation’s financial statements revealed a substantial asset of €25 million (approximately $26.4 million USD), offsetting liabilities totalling €20 million (approximately $21.1 million), with €15 million (around $15.8 million) owed to financial institutions.
Kivnon’s headquarters and manufacturing facilities are situated in Barberà del Vallès, just a stone’s throw from the vibrant city of Barcelona. Despite generating €19 million ($20 million) in revenue in 2023, the company still recorded pre-tax losses of €800,000 ($845,000).
Kivnon to proceed help
Kivnon claims to have deployed more than 6,000 robots globally since its inception in 2007, boasting a diverse portfolio comprising ten distinct robot designs. Autonomous vehicles are occasionally utilized in materials handling and logistical operations within manufacturing facilities and warehouses.
It mentions plans to provide further assistance from its core foundation.
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The long-term future of Kivnon remains uncertain. Notwithstanding the spokesperson’s comments, “
