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The Powerful Coalition Of Huazhang Technology And Siemens

The tie-up highlights the two firms' complementary competitiveness and consensus on service value

WUZHEN, China, Oct. 31, 2013 /PR Newswire/-- Huazhang Technology Holding Ltd. (08276. HK) and Siemens Ltd. China held a signing ceremony announcing a partnership to provide industrial solutions. Prior to this, the two firms had worked together on several projects going back more than ten years. According to the available information, Huazhang Technology Holding Ltd. has been Siemens' first and sole partner for industrial solutions across greater China.

Huazhang Technology and Siemens Partnership Signing Ceremony
Huazhang Technology and Siemens Partnership Signing Ceremony

After years of development, the production technology of China's paper industry has become increasingly mature. However, with the slowdown of the sector, the overall weakening of market demand and the intensified price competition over the last few years, the paper industry finds itself confronted by unprecedented competitive pressures. This predicament, along with the acceleration of the transition from a traditional industry to a sustainable modern one, is forcing the sector to optimize the product mix, to consolidate and to improve the quality of its equipment as well as quality of service. The cooperation between Huazhang Technology and Siemens took place against this backdrop.

Siemens Ltd. China senior vice president and IDT general manager Lin Bin said at the signing ceremony that Siemens is a century-old manufacturer and can provide customers with a fully integrated solution and total life cycle service both vertically and horizontally. As Siemens has its own papermaking division and Huazhang Technology brings complementary advantages to the table, this is indeed a powerful alliance in China's paper industry and an alliance that can offer customers more options among a multitude of solutions.

According to board chairman Zhu Genrong, Huazhang Technology is the most influential system integrator across the sector as well as one of the most important partners for Siemens' industrial solutions. In the past 10 years, the two firms have been exploring and seeking cooperation opportunities at all levels, especially in papermaking automation. Huazhang Technology has a stable engineering team, extensive industry experience, a nationwide marketing network and excellent relationships with its customer while Siemens is a world-class brand with technical solutions for the most complex industrial controls and a full range of quality industrial control products. The timely cooperation between Huazhang Technology and Siemens highlights the complimentary competitiveness and their consensus on service value. The combination of Huazhang's efficient and professional project execution and Siemens' advanced and secure industrial products will provide large-scale papermakers with more cost-effective services, acting as an impetus to get paper producers to upgrade their equipment and injecting new vitality into the sector.

At the signing ceremony, a notable industry expert expressed gratitude to Siemens and Huazhang Technology for their contributions to the development of China's paper industry over the past two decades. He said that the sector is now entering a period of transition. With the industry entering an advanced stage, service becomes paramount. It behooves the sector's players to emphasize routine maintenance and emergency services. The tie-up of Siemens and Huazhang Technology ensures their joint efforts in promoting the continuing development of the sector over the next twenty years. Siemens takes a lead in hardware and technology, while Huazhang Technology is a well-known entity across the sector. The joint cooperation will enhance the overall steady development of China's papermaking industry as well as their own, especially in terms of Siemens building a strong presence in the country. He expressed the wish that they would further deepen their cooperation and make even greater contributions to the sector.

Some industry experts, top executives from paper producing firms as well as their counterparts at Siemens Ltd. China, Siemens Finance and Leasing Ltd. and Huazhang Technology Holding Ltd. attended the signing ceremony.

Source: Zhejiang Huazhang Technology Ltd.
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