December 02, 2019

Siemens' unit to set up China HQ in Waigaoqiao

Siemens Group’s Gas and Power Company will establish its Chinese headquarters in the Waigaoqiao Bonded Area, with the group’s health company and transportation group having already moved into the area earlier.
With a total investment of 900 million yuan (US$128.04 million) and 300 million yuan of registered capital, the Chinese headquarters will be dedicated to the research and development and service of energy equipment and technologies.
Siemens Group’s Gas and Power Company provides fully integrated products, solutions and services across the energy value chain of oil and gas production, power generation and transmission.
As a part of Siemens’ Vision 2020+ company strategy, the Gas and Power Company will further expand investment to boost the improvement of China’s industrial chain.