Siemens Energy, a division of Siemens AG (SI), acquired the majority holding in the Chinese metalworking company Yangtze Delta Manufacturing and the Chinese aluminum foundry GISAP (GIS Steel & Aluminium Products), both headquartered in Hangzhou.
Siemens Energy is expanding its global production capacity for high-voltage circuit-breakers in China and enhancing its value chain proposition from foundry work through machining to final product assembly.
There is a constant robust demand for high-voltage power transmission products in China. The demand for reliable, cost-efficient high-voltage products for the transmission of electrical energy, which minimizes losses, continues to rise.
Siemens has a leading position in China, the world’s largest market for power transmission equipment. The company has involvement as a provider of innovative energy technologies in numerous major infrastructure projects, including projects in the field of high-voltage direct current transmission.
Siemens is a German industrial conglomerate with interests in information services, automation and controls, medical equipment, power generation, transportation systems, automotive electronics, lighting, and many other areas. With a focus on electronics and electrical engineering, the company is a major multinational with over 430,000 employees in more than 190 countries. Its major competitors are ABB Ltd. (ABB) and General Electric Co. (GE).
We currently have a Neutral recommendation on Siemens.
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