BIZCHINA / Overseas Investment
China key to Siemens' global strategy
By Wang Hao (China Daily)
Updated: 2007-06-28 10:02
Peter Loescher, Siemens AG's new chief executive officer, listed China as
one of the three key countries for the group's global strategy. The other
two countries are India and Japan.
Loescher, expected to take up his post as the German conglomerate's CEO
next week, made his first public appearance on the sideline of the
Siemens Media Summit held in this southern Germany city.
The new CEO, an Austrian, is the first non-German CEO and previously
worked with the US drugmaker Merck. He was appointed to head the
160-year-old German conglomerate after its chairman Heinrich von Pierer
and CEO Klaus Kleinfeld both resigned in April amid corruption scandals.
On his work priority, Loescher said what Siemens needs most now is
"evolution, not revolution". Siemens' leadership change has triggered
widespread reflection over where the business should take its next step.
The media summit yesterday answered much of the question. Themed "Climate
Challenges of the 21st Century", the meeting tackled the issue of how
technological innovation can help address greenhouse gas emissions, a top
global concern.
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Hermann Requardt, head of Siemens corporate technology, outlined the
company's ideas on how to produce, distribute, save and use energy
efficiently.
"Increased use of innovative solutions is the key to reducing greenhouse
gas emissions," Requardt said, adding that the company holds some 30,000
patents for environmental and climate-relevant solutions and invests more
than 2 billion euros annually in this area.
"Ten leading technologies (developed by Siemens) alone... can reduce CO2
emissions by 10 billion, an amount equal to 40 percent of the current
level," he said.
The company, an electric engineering and electronics powerhouse, is also
aiming to increase energy efficiency by 20 percent by 2011 at its plants
worldwide, which will in turn substantially reduce CO2 emissions. The
company emits some 4.53 million tons of CO2 a year.
Siemens achieved sales of 50.4 billion yuan in its 2006 fiscal year
ending September, a 37 percent year-on-year increase. It announced plans
to invest 10 billion yuan in China by 2010, in addition to the 10 billion
yuan invested in the past three years.
(For more biz stories, please visit Industry Updates)
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