The hottest Voith business in China maintained a s

Voith's business in China maintained a steady momentum of development

in the fiscal year 2011/2012, new orders in the Chinese market reached 769 million euros, an increase of 3.2%

optimistic about the broad business opportunities in renewable energy, public transport, green paper and other fields in the Chinese market

the insulation materials of refrigerators and freezers in contact with food are polyurethane foam

recently, the world's leading technology and industrial service supplier, Voith group of Germany announced that, In the fiscal year 2011/2012 (up to September 30, 2012), new orders in the Chinese market reached 769 million euros, an increase of 3.2% year-on-year. In the challenging environment of the global economy, this performance ensures that Voith group will maintain its future growth momentum in China, a key market

due to the slowdown in the growth momentum of some industries, especially the slowdown in China's high-speed rail construction, Voith's sales revenue in China decreased to 825 million euros. Voith's global sales increased by 2% to 5.7 billion euros, a record high

Dr. Herbert linhard, global president and CEO of Voith group, said that although China's economic growth slowed down in 2012, Voith continued to be optimistic about the future prospects of China's economy. As Voith's largest market outside Germany, China has become one of the most important growth engines of Voith's global business

2011/2012 fiscal year, Voith obtained several landmark orders in China in the next 3 (5) years, further establishing its market leadership in many key areas. For example, in August this year, Voith signed a contract worth about 87.5 million euros with State Grid to provide four pumped storage units and equipment for Jiangxi Hongping pumped storage power station

the 12th Five Year Plan for renewable energy development issued by the National Energy Administration in August this year clearly points out that priority will be given to the development of renewable energy such as hydropower. During the 12th Five Year Plan period, the installed capacity of renewable energy will increase by 160million kW, including 61million kW of conventional hydropower. By 2015, the power generation capacity of renewable energy will strive to reach more than 20% of the total power generation capacity. Voith hydropower is the main supplier in China's hydropower market, and the equipment provided accounts for about one quarter of the total installed capacity of China's hydropower market

according to the information disclosed by China Railway Group Co., Ltd., China's investment in railway transportation is expected to reach 600billion yuan in 2013, of which 60% will be used for high-speed rail. In order to relieve traffic pressure, many cities in China are also vigorously developing subway and light rail transit. The new subway lines in China are expected to reach 2500 kilometers in. Voith driven technologies and products have been widely used in China's railways, subways, light rails, buses and commercial vehicles

with the rise of iPad and other electronic devices, the global demand for paper continues to decline, which has an impact on Voith's cultural paper machine business. However, the rapid growth of China's demand for packaging paper provides a new growth point for Voith Paper. In the past 10 years, wrapping paper accounted for 5. Hardness test: the proportion of China's total paper production has increased from 39% in 2002 to nearly 55%. The total output value of China's packaging industry has surpassed Japan at the end of 2009, becoming the world's second largest packaging industry after the United States. In the fiscal year 2011/2012, Voith Paper gained all five major orders in China's packaging paper machine market in the same period with a total contract value of nearly 400million euros by virtue of leading green paper-making technologies such as energy conservation and resource recycling. Voith paper is a major supplier in China's paper equipment market, providing cultural paper machine, packaging paper machine, toilet paper machine, paperboard machine and integrated paper making solutions to the Chinese market

the trend of outsourcing non core businesses by Chinese local enterprises and subsidiaries of multinational companies in China is becoming increasingly obvious, which provides Voith Industrial Services with unprecedented development opportunities covering all aspects of program planning, engineering design, installation, equipment maintenance and facility management. In 2011/2012 fiscal year, Voith Industrial Services' business in China increased by nearly 50%

in fiscal year 2011/2012, Voith's global investment increased by nearly one third; R & D investment increased by 3% to 267million euros. Dr. linhard said that China is the key market for Voith's global investment. Voith will continue to increase investment and accelerate localization in China in the future, and implement Voith's commitment to rooted in China and long-term development

in February this year, Voith announced that it plans to increase its investment in China by 400million euros within five years and significantly increase the total number of employees in China, so as to continue to promote the rapid growth of Voith's business in China. Voith is expanding the Voith China paper city located in Kunshan City, Jiangsu Province. Voith China paper city is one of the largest and most technologically advanced papermaking bases in the world, and is also the location of Voith Paper Asia headquarters. With the vigorous development of China's urban rail transit and the gradual recovery of the high-speed rail market, Voith drive is expected to expand its production base in Shanghai. On September 8 this year, Voith road Tongcheng Railway Transmission Technology (Changchun) Co., Ltd. has been officially put into operation in Changchun City, Jilin Province, with an annual output of 3000 Chengtie gearboxes with a localization rate of more than 90%

in addition to production and reaching 12% Besides R & D, talents and personnel training have also become the focus of Voith's investment in China. Dr. linhard said: whether Voith can continue to maintain its leading position in technology in the future depends on three key factors, namely, the reserve of high-quality technical talents, the creativity of these talents and our continuous investment in new products and technologies. Voith's largest training center outside Germany has laid the foundation in Kunshan in November this year. The total investment of the project is 9million euros, which is expected to be completed and put into operation in early 2014. The establishment of Voith China Training Center and the Voith China Scholarship program launched in May this year will help all Voith business units in China cope with the further growth of talent demand brought about by the rapid development of business

about Voith group

Voith sets industry standards for energy, oil and gas, paper, raw materials, transportation and public transportation. Voith group, founded in 1867, has more than 42000 employees in more than 50 countries around the world, with annual sales of 5.7 billion euros. It is one of the largest family businesses in Europe