Alstom has decided to expand its investments in China and plans to set up new factories there in 2009, said Patrick Kron, the company's Chairman and CEO.
Alstom's new factory established for Wuhan Boiler Company will be built and put into operation in the suburbs of Wuhan in the second half of this year, becoming Alstom's largest boiler factory in the world. Additionally, Tianjin Alstom Hydro Company is also constructing new workshops and factory buildings.
Kron noted that the 4 trillion yuan stimulus package launched by China's central government also includes investments in environment-friendly infrastructure, which means a favorable investing environment and enormous business opportunities for Alstom.
By People's Daily Online