Siemens Plans CNY10 Billion Investment In China Market

By Editor
December 14, 2006

Hao Ruiqiang, president and CEO of Siemens (SI) China, says that Siemens China will add CNY10 billion mid-term investment to the China market in order to double its sales revenue in the country by 2010.

Hao says that Siemens China will spend the funds mainly on resources and medical projects in China and increase its office number in China to 100.

Hao has told local media that Siemens is planning to invest in oil and gas projects as well as some medical projects in the rural areas of China. Water processing and wind power are also likely sectors for participation.

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