SHANGHAI, Oct. 10, 2013 /PRNewswire/ -- On the afternoon of Sept. 26, the fifth anniversary ceremony of the Asia headquarters of Dover Corporation (RHQ), a world-wide diversified manufacturer of Industrial products, was held at its new address located in Pudong New Area, Shanghai. Those attending the ceremony included leaders of Pudong government; Robert A. Livingston, Dover's President and Chief Executive Officer; Michael Zhang, President of Dover Asia; and top management of Dover Corporation subsidiaries as well as representatives of business partners of Dover in China. They together witnessed the exciting moment marking the fifth anniversary of the Chinese headquarters of Dover Corporation.
While reviewing the five-year history of the Chinese headquarters of Dover, Mr. Livingston remarked, "I feel honored that Dover RHQ staff have shown their concern and given their support to Dover China's business in the past five years. The Chinese team of Dover has been actively responding to the demand of the Chinese market, and has contributed to the market expansion and development of Dover in China with their full passion and energy. We are delighted that the operating units of Dover in China have made tremendous progress over the last five years in areas such as local market penetration, improved manufacturing process, R & D and localization, and people development. China has a high and continuous market growth, a desirable investment environment, a deep pool of talent and solid supply chain base. China will remain as a strong growth market for Dover of all our segments with the expansion of their middle class and increase of consumer spending."
As a global manufacturer of diversified industrial products, Dover has been serving industrial and commercial markets for more than 50 years. The four business segments under Dover include Energy, Engineered Systems, Printing & Identification and Communication Technologies. Relevant products and services of Dover cover many countries and regions worldwide. Dover has over 30 operating companies worldwide with total annual sales of over $8 billion US dollars in 2012. The annual dividend of Dover has been increasing for 58 consecutive years.
Mr. Livingston attributed the fast development of Dover in the past years to its rich corporate culture and deep rooted Values. He pointed out, "During its development in the past 50 years, Dover has been trying to be the leader in every market we serve, to the benefit of our customers and shareholders. We will continue to offer more diversified and impeccable products and services to our customers, and strive to bring a greater reward to our customers and shareholders in the future."
In early 2009, the Chinese headquarters of Dover Corporation was established in Shanghai to help Dover's presence in this key region. Many of Dover's operating companies are present in China, including VSG, PSG, SWEP, OPW, Markem-Imaje, Knowles and other brands. Dover has more than 7,000 employees in China, with its offices and manufacturing bases located in Shanghai, Suzhou, Shenzhen, Beijing, Tianjin, Haimen, Weifang and other Chinese cities.
