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Siemens see big orders from China stimulus: state media
Beijing (AFP) June 23, 2009 German industrial group Siemens expects to land orders worth 2.9 billion dollars over the next three years as part of China's economic stimulus plan, state media reported Tuesday. Half of the orders would focus on energy-efficient and environment-friendly technologies, the China Daily said, quoting the company's top official in China. "China's demand for environment-friendly technologies will remain robust. This will continue to be a strong growth area for Siemens in China," said Richard Hausmann, president of Siemens China, according to the paper. The report comes amid fears of discrimination against foreign firms after Beijing ordered local governments earlier this month to "buy Chinese" when carrying out projects linked to the 585-billion-dollar stimulus unveiled in November. Siemens said on Monday that it expects around 21 billion dollars in orders worldwide between 2010-2012 thanks to government economic stimulus plans. Roughly 40 percent of that figure would concern environmental or "green" technologies, a company statement said. Share This Article With Planet Earth
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