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Tuesday, May 22, 2001, updated at 21:25(GMT+8) | ||||||||||||||
Business | ||||||||||||||
Siemens Sets Up New Company in ChinaSiemens Productions and Logistics Systems China Ltd. was set up Tuesday in Beijing.China has stressed logistics development in its "Tenth Five Year Plan" (2001-2005) period. Helmut Pawlischek, Chief Executive Officer of the new company, said that the new company will continue to play a large role in electronics assembly, postal automation, logistics and factory automation, and intelligent in- house transportation. The company's management is eager to take a leading role in contributing to electronics development, supply chain optimization and local postal and airport infrastructure. He said,"We are committed to helping our Chinese customers with our advanced logistic automation solutions and technologies to increase their competitive edge in the national and international markets." Siemens operations in logistics and production in China began in the early 1980s. Dating back to the 1980s, Siemens has enjoyed a strong professional presence in China's electronics assembly and postal automation industries. Highlights include providing its Surface Mounting Technology (SMT)machine in Shanghai in 1988, and installing five sets of letter sorting systems at the Beijing Postal Center in 1990. The installation of letter sorting systems substantially increased the postal center's accuracy and efficiency in handling postal business. To date, Siemens long-term investment in China has exceeded five billion Euros. It has more than 50 companies, 28 regional offices and 25£¬000 employees in China.
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