"Siemens Industry and Siemens Financial Services China (SFS China) co-presented one-stop solutions combining technology and finance solutions at the 13th China International Machine Tools Exhibition.
"SFS China signed a strategic agreement with Sichuan Pushi Ningjiang Ma-chine Tools Group.
Siemens Industry and Siemens Financial Services China (SFS China) co-launched the Siemens Mechanical & Electrical Industry Collaboration together with eight me-chanical electrical equipment companies at the 13th China International Machine Tools Exhibition (CIMT) in Beijing on 22nd April 2013.
The initiative is aimed at developing positive collaboration with key local channels in order to provide machine-tool manufacturers and their end users with Siemens' total solutions that combine leading technology and customized financial offers. Based on the arrangement, SFS China will offer preferential leasing arrangements to the eight companies, complementing their services and improving competitiveness. Siemens Motion Controls will keep them updated with technology advancements, helping them to maintain their competitive edge. Companies joining the initiative expect the special arrangement to ultimately benefit Chinese machine-tool producers and their end users, enabling them to better cope with market developments and expand both domestically and overseas.
SFS Commercial Finance China CEO Yang Gang, who opened the collaboration ceremony, stressed: "Rapidly growing technology markets rely on flexible, integrated finance to enable sustainable investment. Manufacturers and distributors need a trusted and expert partner to finance sales and to make technology investments affordable for end-users. That's why we have gathered here today to present a truly integrated, one-stop-shop offering that matches top technology with appropriate financing packages. China's development in the industrial world has to be truly sus-tainable in the long-term, and financing that aligns with the benefits reaped from the use of the advanced technology and its upgrades is an important way of supporting sustainability."
SFS Commercial Finance China CEO Yang Gang
Siemens Ltd China Industry Sector Drive Technologies Division Vice President and Motion Control BU General Manager Peltz Achim echoed: "Integrated technology and financing solutions are becoming more and more the norm for buyers, especially those in the downstream supply chain who do not have such easy access to tradi-tional sources of finance. Moreover, there is a great attraction in obtaining finance directly from technology vendors, separate from other forms of borrowing. Siemens has supported and witnessed the development of China in the past 141 years. Our industrial solutions help Chinese manufacturers grow and consolidate, and make innovation a reality at their works."
The eight manufacturers are: Changzhou Weizhuo Mechanical and Electrical Co Ltd, Chongqing Yongxun Trading Development Co Ltd, Cixi Newidea Numerial Control Equipment Co Ltd, Jiangsu Xieyi Machine Tool Trading Co Ltd, Shandong Jingcheng Numerical Co Ltd, Shanghai Xinzhi Mechanical and Electrical Co Ltd, Suzhou Yidian Machine Tool Co Ltd and Wenzhou Yuntong Mechanical and Electrical Co Ltd.
To further demonstrate Siemens support to China machine tool market, SFS China confirmed a strategy agreement at CIMT with Pushi Ningjiang, one of the largest precision computer numerical control machine tool manufacturers in Southwest Chi-na. This arrangement is expected to support Pushi Ningjiang's expansion both do-mestically and overseas. SFS China has designed a 3-months promotional plan for Ningjiang's end users.
Jiang Hua, General Manager of Pushi, Ningjiang Machine Tool, said: "Major ma-chine-tool manufacturers China are seeking expansion in both domestic and foreign markets. Siemens' total solutions perfectly suit their future ambitions. "Battered by the global economic downturn and credit squeeze, many of our end users are asking for financing solutions, and Siemens' total solutions help us meet such demands neatly. That's why we signed the agreement with Siemens, one of the most trusted and secure financiers and technologists on the world stage."
In order to provide a broader picture of the global machine-tool market, Siemens Financial Service also brought together its finance experts from China, Germany the US and Russia to participate in a workshop themed Experience Vendor Financing, as a supporting event to the exhibition. The SFS experts shared knowLEDge in fi-nancing and developing overseas businesses and answered questions from attend-ing guests regarding the finance challenges in the global market. The aims were to support the overall strategy and long-term ambitions of China's local manufacturers to increase their presence and coverage in overseas markets.
