# Neuromeka plans to expand robot production to 18,000 units per year

Neuromeka plans to use IPO funds to expand its production facilities at plant #3 in Pohang to produce 18,000 robot units per year (12,000 Indy cobots and 6,000 ICoN co-industrial robots).

- Type: Expansion
- Announced: 2022-10-24
- Where: Pohang, South Korea
- Status: announced
- Capacity: 18,000 robot units per year
- Products: collaborative robots, co-industrial robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Neuromeka](https://endata.com/companies/18906.md)

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=102693), 2022-10-24: "It also aims to invest W7bn of the funds to be gathered through the IPO plus an additional W7bn (follow-up investment) to expand its production facilities so that it can put out 18,000 robot units pa"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.