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In order to keep in line with the domestic demands on power supply
and track traffic development, Shanghai electrical equipment sector
is going to set up a new foreign-shared company jointly with
Siemens, introducing its key technologies of high-tension gas
insulting switch to Shanghai. That is the first time for Siemens,
which has more than 100 years of history, to cooperate with other
enterprise outside Germany on such products.
Sources revealed electrical equipment sector is one of the new
high-tech sectors in Shanghai. The new company will be input with
US$9 billion to develop and produce high tension gas insulting
equipments, whose technologies are in pace with those of German.
It's expected it will dominate over 45 percent of market shares
this year.
(People's Daily July 2, 2002)
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