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.