In an effort to cut costs, the Japanese Fanuc group (Oshino-mura; www.fanuc.com) has integrated injection moulding machinery maker Fanuc Roboshot Europe into Fanuc Robomachine Europe (both located in Neuhausen / Germany; www.fanuc.de). Current Fanuc Roboshot managing director Takeshi Oda will receive a new position at company headquarters in Japan, Fanuc said. In January 2009, the group had bought all the shares of Roboshot, a joint venture founded by Mitsui (Europe: Düsseldorf / Germany; www.mitsui.de) – see Plasteurope.com of 14.01.2009.

Fanuc also announced the results of the financial year ended 31 March 2010. At JPY 253 bn (about EUR 1.9 bn), sales were down 35% year-on-year. Some 17% of group proceeds came from Europe alone. Operative earnings dropped to JPY 36 bn and netto income to JPY 61 bn. The group has said it will continue its cost-cutting efforts.