The hottest Siemens set up a new joint venture com

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Siemens set up a new joint venture to occupy the low-voltage motor market

on December 12, 2005, Siemens (China) automation and drive group (a d) signed an agreement with its Chinese partner Jiangsu Beide Motor Co., Ltd. to cooperate to establish Ximen sub motor (China) Co., Ltd. (SSML) in Yangzhou, Jiangsu. The new company will have about 1500 employees, committed to providing a full range of small and medium-sized low-voltage motor product development and manufacturing services. With the synergy of SSML's product supply and Siemens (China) Co., Ltd.'s strong market coverage, Siemens plans to take the lead in China's mid-range price segment. The new joint venture will apply for the approval of the relevant departments according to the procedures

--- Siemens is the world's leading supplier of industrial automation. Jiangsu Beide Motor Co., Ltd. is one of the leading suppliers of small and medium-sized low-voltage motors in China. The new joint venture will integrate the advantages of both sides, namely, the full range of products of Siemens Automation and drive group, the high-profile acquisition of Yinlong series by Dong Mingzhu, chairman of Gree Electric Appliance not long ago, the cutting-edge technology contained in the solution, as well as the complete production line and extensive local sales network of Jiangsu Beide Motor Co., Ltd. This is an integral part of Siemens' strategic plan for development in China, which aims to strengthen the business of locally manufactured products by establishing partnerships with powerful local suppliers in China. The joint venture will make use of the advantages of both sides to continue to provide high-quality products and satisfactory services to new and old customers

--- executive vice president of Siemens (China) Co., Ltd Peter Herweck, general manager of automation and drive group (a d), said: "We are very happy to cooperate with powerful local Chinese companies to achieve mutual benefit and win-win results. The establishment of SSML joint venture is a significant measure. We will add important motor series products to our existing product portfolio to realize the localized production of all drive products, including frequency converters, gearboxes and motors, and provide our customers with optimized solutions to help them improve production efficiency So that the products and services provided by Siemens to customers in this field will rise to a new level. "

--- Mr. Zhang Guilin, chairman of Jiangsu Beide Motor Co., Ltd., said:" the new joint venture jointly built by Siemens Automation and drive group and Jiangsu Beide Motor Co., Ltd. is based on the joint efforts of both parties to win in the low-voltage motor market, which benefits from the remarkable development of aluminum lithium alloy. With the full range of motor products locally produced by Jiangsu Beide and Siemens' huge market share in China, the new company will have good development opportunities. We are convinced that through the joint efforts of both sides, we will better meet the growing needs of customers. "

--- Siemens is committed to long-term cooperation and good partnership to promote the development of its business in China. The new joint venture SSML will further strengthen its local manufacturing and R & D capabilities, and provide customized products according to the needs of customers. In order to be closer to customers and better serve customers, the new company will further expand its existing sales and service network.

Siemens in China

--- Siemens is well received in China Beloved and widely respected corporate citizens, the cooperation with China can be traced back to 1872, when Siemens provided China with the first pointer telegraph. The company has witnessed the great changes brought about by the total investment of 1billion yuan in China's reform and opening-up Jinyu high-end precision cast aluminum alloy project in the past 25 years, and is very proud to become a loyal and reliable partner in China's economic development. All business groups of Siemens have entered China and are active in various industries in China, such as information and communication, automation and control, power, transportation, medical treatment, lighting and household appliances. Its core business areas are infrastructure construction and industrial solutions. So far, Siemens has established 70 joint ventures in China and regional offices in 53 cities. This regional organizational structure allows the company to better grasp the pulse of the market, understand local information, and more effectively meet the needs of customers. With more than 36000 high-quality employees, Siemens is one of the foreign-invested enterprises with the largest number of employees in China. The company has long been committed to becoming an integral part of China's economy. By continuing to expand investment, strengthening local R & D and software development, and expanding local procurement activities, the company will ensure the rapid development of its business in China

Siemens Automation and drive group in China

-- as a world leading supplier in the field of industrial automation, Siemens Automation and drive group (AD) is the pillar of Siemens' business in China. The group provides innovative, reliable and high-quality products in the fields of manufacturing automation, process automation, building electrical installation and electronic assembly systems. If you buy it, it must be ball screw systems, solutions and services. Siemens Automation and drive group has more than 4800 employees, 11 operating companies and 60 offices in China. The group is committed to the development of automation business in China and has played an active role in the fields of steel, machinery, metallurgy, food, beverage, packaging, automobile, chemical industry and energy. The group has a national system that can provide customers with 24-hour service

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