German industrial conglomerate Siemens yesterday said it plans
to inject half of its 10 billion yuan mid-term investment in China
into energy-saving and environmentally friendly technologies and
solutions, a move aimed at expanding its leading position in this
field.
In fiscal year 2007, the company's sales and new orders in China
both surged by 21 percent to 53.3 billion yuan and 60.7 billion
yuan respectively. It is on the way to reach its ambitious goal of
100 billion yuan in annual orders by 2010.
"With its unique and broad portfolio, Siemens is well poised to
match the challenges China faces in the years to come - especially
in the fields of infrastructure, energy saving and healthcare. As
an integral part of the Chinese economy, in the coming years the
company will focus on environmentally friendly technologies," said
Richard Hausmann, president and CEO of Siemens China.
"We will further expand our portfolio in environmentally
friendly technologies to reach 50 percent of our sales in this
field by 2010," he said.
Siemens has signed many agreements in China in fiscal 2007 in
the field of energy and environment. It supplied the
ultra-supercritical technology for Huaneng Yuhuan power plant,
which ranks first in the world in terms of efficiency, unit output,
environmental protection and resource saving.
The company secured a 334 million euro contract to construct a
high-voltage direct current (HVDC) power transmission line between
Yunnan and Guangdong. It also won the contract to provide 500 of
the world's most powerful and energy-efficient 6-axle freight
locomotives to China.
Siemens portfolio now covers the entire energy chain with its
energy-efficient products and solutions. The company has also
invested in a wide range of alternative energy sources, from wind
technology to fuel cells, said Hausmann.
Siemens had earlier said it is restructuring its portfolio. The
business groups in future will be organized in three sectors -
industry, energy and healthcare.
The industry sector will comprise the business of automation and
drives, industrial solutions and services, transportation systems,
Siemens building technologies and Osram. The energy sector will
comprise power generation, transmission and distribution. The
healthcare sector will comprise the medical solutions group.
The company now has over 90 operating companies and 60 regional
offices across China. In fiscal 2007, it added 7,000 staff members
to its local operations, becoming one of the largest
foreign-invested enterprises in China, with over 50,000
employees.
(China Daily November 22, 2007)
