Siemens inks US$294 mln worth of deals in China
Source:[TradingMarkets] Time:[GMT Dec 9 2009 5:27AM]
See the PowerRating of SI now and learn how it rates on a 1-10 scale. The higher the PowerRating, the greater potential short-term gain based on historical data. BEIJING, Dec 9, 2009 (Asia In Focus via COMTEX) -- SI | Quote | Chart | News | PowerRating -- SIEMENS AG, Europe's largest engineering company, has signed orders worth 2 billion yuan (US$294 million) 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 Wednesday. * 'A large part of this amount (2 billion yuan) is for products from Siemens' environmental portfolio,' the company said in a statement. * These orders show that growth of the market for environmental technology is strongest in emerging countries such as China, said Peter Loescher, president and CEO of Siemens. 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