Siemens Partners with Sinomach in Global Equipment Manufacturing Market
Siemens and a subsidiary of China National Machinery Industry Corporation (Sinomach) signed a strategic partnership agreement, 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 seize 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.