Siemens boosts the development of China's machine tool industry

The 13th China International Machine Tool Exhibition recently opened at the Beijing New China International Exhibition Center. The Siemens Industrial Business Group and Siemens Financial Leasing Co., Ltd., a subsidiary of Siemens Financial Services Group, form a "Siemens Mechatronics Alliance" with the eight most influential domestic electromechanical companies and will provide Siemens Mechatronics to more manufacturers and end users in the machine tool sector. A comprehensive solution that combines technology and finance.

The establishment of this alliance marks that Siemens Industry and Siemens Finance Leasing Co., Ltd. have achieved a new level of channel development in the field of machine tools. In the future, the Motion Control Systems division of Siemens Industries will provide exclusive technical support for the eight electromechanical companies. At the same time, Siemens Finance Leasing Co., Ltd. will regularly tailor the promotion program for financing products to these distributors to help them meet the financing needs of end users. The comprehensive solution of technology and finance will effectively enhance the core competitiveness of these dealers and enable them to continue to lead the fast-growing machine tool market. In addition, Siemens and Siemens have further strengthened their relationship with machine tool manufacturers and end-users, and supported the development of the Chinese machine tool industry with world-class technology and financial services.

“The sustainable development of the Chinese machine tool market is inseparable from the matching financial solutions. Mechatronics companies and manufacturers in this area can reduce the investment threshold for end-user equipment investment through financing support provided by reliable and stable partners. And then increase their own sales,” said Yang Gang, CEO of Siemens Finance Leasing Co., Ltd. “This is the original intention of our alliance here today: Technology and Finance. Siemens' comprehensive solution will help more users complete equipment purchases and upgrades, increase productivity, reduce energy consumption, and achieve sustainable development,” said Yang Gang.

Mr. Li Anxian, vice president of drive technology group and general manager of motion control system department of Siemens (China) Co., Ltd. in the industrial business field, also stated: “Comprehensive solutions for technology and finance have been accepted by more and more customers, especially those Under the current international economic situation, customers who are under financial pressure but unable to lend in the traditional way, organically combining leading technology and convenient financial services can significantly increase Siemens' service level to customers.This year Siemens entered China. For more than a century, Siemens has witnessed and participated in the development of China's industry. Siemens' intelligent CNC system has provided Chinese customers with an innovative driving force to help China's manufacturing industry complete its transformation and upgrading."

The eight electromechanical companies are: Changzhou Weizhuo Mechanical and Electrical Equipment Co., Ltd., Cixi New Thinking CNC Equipment Co., Ltd., Chongqing Yongxun Trade Development Co., Ltd., Jiangsu Xieyi Machine Tool City Co., Ltd., Shandong Jingcheng Numerical Control Equipment Co., Ltd., and Shanghai Xinzhi Electromechanical Equipment Co., Ltd., Suzhou Yidian Machine Tool Co., Ltd. and Wenzhou Yuntong Mechanical and Electrical Equipment Co., Ltd.

In this exhibition, Siemens Finance Leasing Co., Ltd. also signed a strategic cooperation agreement with Sichuan Pushiningjiang Machine Tool Co., Ltd. ("Ningjiang"), which is influential in Southwest China, and supported the development of Ningjiang at home and abroad through financing services. . At present, the two sides have been planning a three-month, end-user machine tool equipment financing promotion program.

Jiang Hua, general manager of Ningjiang Machine Tool Co., Ltd. said: “Like many machine tool manufacturers, we are also striving to open up foreign markets while developing our domestic business. This signing with Siemens Finance Leasing Co., Ltd. will help us To achieve this goal, due to the severe economic situation at home and abroad, many of our end-users are struggling with the procurement of equipment and the demand for equipment financing services is increasing day by day, and Siemens' comprehensive solution can exactly meet both of them. This is the reason why we have chosen to cooperate fully with Siemens in technology and financing."

In order to help the participating distributors, manufacturers and end users understand the development status of the international machine tool market more comprehensively, Siemens Industry and Siemens Finance Leasing Co., Ltd. jointly organized a seminar on the topic of “Financing to Boost the Machine Tool Business to Expand Global Business” at the exhibition site. Answered questions for more than 100 guests.

Experts from the Motion Control Systems Division of Siemens Industry Business Drive Technology Group and those from Siemens Financial Services Group in China, Germany, the United States, Russia and other places introduced the advanced equipment financing concepts abroad and opened up the foreign machine tool market. Some potential challenges. The seminar focused on supporting China's machine tool companies to "go global" strategies and help them expand into the global market.