Schneider Electric’s
main Chinese subsidiary, Schneider Electric China Investment and Shaanxi Baoguang Group have signed an agreement for the formation of a new joint venture dedicated to the manufacturing and distribution of medium voltage vacuum circuit breakers.
The new joint venture will be named Schneider (
Russell Stocker, Executive Vice President, Schneider Electric Asia Pacific Operating Division, commented: “This new partnership is at the crossroad of several aspects of Schneider Electric’s strategy. It will be a new growth engine in
SSBEA is expected to generate, on a pro-forma basis, annual revenues of around €20m on a full year basis.
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Where will all the raw materials come from for the manufacturing process? How will they be transported to the factory and what is going to be done with the various scrap and residues?