Heads of both Siemens AG from Germany and the U.S.-based Motorola’s Tianjin operation have had their confidence strengthened about the companies’ future development in China, after the nation’s annual central economic conference concluded Monday in Beijing.
Ruey-Bin Kao, chairman of Motorola (China) Electronics Ltd. based in Tianjin, a leading manufacturing base in northern China, told Xinhua [...]
Siemens AG, Europe’s largest engineering company, has signed orders worth 2 billion yuan (294 million U.S. dollars) and other agreements with Chinese partners this week, most of which are for environmentally friendly products and solutions.
The orders cover a wide range of the company’s portfolio in China, including energy, transportation and health care, reported China Daily [...]
German industrial conglomerate Siemens AG bought majority stakes in two small Chinese metal companies on Wednesday.
Siemens, based in Munich, said its energy division acquired the majority stakes in two metal companies based in Hangzhou, Zhejian gprovince. One is Yangtze Delta Manufacturing, a metalworking company, and the other is aluminum foundry GIS Steel&Aluminum Products, according to [...]
Siemens AG expects to secure new orders worth about 20 billion yuan (US$2.9 billion) from China’s stimulus program over the next three fiscal years from 2010 to 2012, the German industrial giant said yesterday.
These are part of orders of around 15 billion euros (US$21 billion) that Siemens expects to win from economic stimulus programs worldwide. [...]
Nokia Siemens Networks aims to increase procurement value and recruit 10 percent more operational staff in China this year, despite the influence of a global financial crisis, the world’s No. 3 telecommunications equipment maker said yesterday in Shanghai.
In 2009, Nokia Siemens will increase the procurement value in China from 10 billion yuan (US$1.6 billion) in [...]
ZTE Corp is talking with Chinese financial companies in hopes of raising a total of US$15 billion to be used as credit or loans to be offered to overseas telecommunications carriers to buy ZTE’s equipment, its president said yesterday.
Most telcos, both in the developing and developed countries, face capital pressure amid the global financial crisis. [...]
