TITLE

Siemens Investing Another $190 Million in China

PUB. DATE
March 2009
SOURCE
Assembly;Mar2009, Vol. 52 Issue 3, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Siemens AG to add $190 million to its initial $1.3 billion investment in China by 2010 in order to capitalize on the demand for new energy infrastructure in the country. Chief executive officer (CEO) Peter Loscher cites China as a key driver of the worldwide business of Siemens. Richard Hausmann, CEO of the Chinese subsidiary of Siemens, notes that the need for environmentally friendly technologies remains despite a slowdown in energy consumption. One of the largest foreign-based employers in China is Siemens.
ACCESSION #
36996520

 

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