Home > Community > China Biz > Rockwell Automation targets double-digit sales growth in China

Rockwell Automation targets double-digit sales growth in China

Published: 09 Jun 2009 23:36:00 PST

Top 5 News From ChinaKnowledge.com

Jun. 10, 2009 (China Knowledge) - U.S-based Rockwell Automation Inc, a global provider of industrial automation, expects its sales in China to grow by at least 10% in 2009 in part because of the country's RMB 4-trillion stimulus package and industry stimulus plans, the China Daily reported on Tuesday, citing company chairman and CEO, Keith Nosbusch, as saying.

The company's China sales jumped 30% to US$250 million last year, according to the report.

Nosbusch expressed confidence in Rockwell's China sales growth, saying the company expects its sales revenue in the country to grow at a double-digit rate this year and to exceed the country's GDP growth rate, though he expects the growth will be slower than last year's due to the global financial crisis.

In addition, the company is also interested in acquisition opportunities China, as it plans to enter the central parts of the country and obtain access to heavy industrial sectors, said the CEO.

Rockwell, one of the world's biggest industrial automation service providers, last year acquired Xi'an Hengsheng Science & Technology Co Ltd, a privately-owned company based in Xi'an in northwestern Shaanxi Province.

The company is also in talks with several Chinese provinces to boost cooperation on energy-saving projects.

Copyright © 2009 www.chinaknowledge.com