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Last updated at: (Beijing Time) Thursday, February 12, 2004

Siemens founds its first software company in China

Siemens set up its first China-based software company Wednesday in Nanjiang, capital of the eastern province of Jiangsu.


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Siemens set up its first China-based software company Wednesday in Nanjiang, capital of the eastern province of Jiangsu.

The Siemens Software and System Engineering Co. Ltd. aims to provide application software for its operations in China, and to further the localization level of the German electronics multinational in the country, company sources said.

Peter Borger, vice executive president of Siemens (China) Co. Ltd., said the Nanjing company will take advantage of rich local human resources of software to promote and enhance its research and development ability in China.

The new company will cooperate with Chinese universities, especially those in Nanjiang and other parts of Jiangsu, to develop software and will therefore employ a rising number of software graduates from these universities during cooperation. Borger said the new company plans to employ 1,000 software engineers on the medium term.

Siemens had set up more than 40 companies and 28 offices in China. Its operations include information, telecommunications, automation, electricity, traffic, medical, lighting and home appliance.

The German company has cumulatively invested 5.4 billion yuan (651 million US dollars) in China, and its sales revenue reached 30.1 billion yuan (3.6 billion US dollars) in 2003.


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