China: A strategic agreement has been signed with a subsidiary of China National Machinery Industry Corporation (Sinomach) and Siemens, under which both parties will fully cooperate in such areas as technology R&D, equipment manufacturing and local and global EPC projects.
Siemens will help Sinomach and its subsidiaries capture such opportunities as “Made in China 2025” and the “Belt and Road” initiative to speed up their transformation and upgrading and develop their local and overseas businesses. This agreement was initiated by a subsidiary of Sinomach China National Bearing Joint Import & Export Corporation, which will be the bridge for the cooperation between Siemens and Sinomach subsidiaries.
Under the agreement, Siemens will provide engineering and service projects undertaken by Sinomach’s subsidiaries with its electrification, automation and digitisation solutions, covering automation, drives, high/low-voltage electrical products, and equipment maintenance/repair and financial leasing services as well as relevant technical support and product/application training. In the future, the partnership will extend from mechanical equipment manufacturing to such areas as power generation, power transmission and distribution, and finance to help Sinomach maintain its leadership in the Chinese machinery industry.
Prior to this, Siemens and Sinomach have embarked on an in-depth partnership in industrial robots and intelligent manufacturing. Last November, Siemens and Sinomach’s subsidiary Sinomach Intelligent Technology signed a memorandum of understanding on a joint R&D centre for strategic partnership on key industrial robot technologies, manufacturing automation, digitisation and intelligent factory, in a bid to jointly promote study on and formulation of new standards in the area of industrial robots and build an information sharing platform in the area of digitisation.
Some subsidiaries and member companies under Sinomach also presented at the signing ceremony, including China Foma (Group), China National Erzhong Group, China National Heavy Machinery, China CAMC Engineering, Beijing Materials Handling Research Institute, China Machinery Engineering, and China National Electric Engineering.