Media Focus on Multinational Corporations[2021.11.08]

日期:

2021-11-09

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Sanofi Pasteur

Sanofi Pasteur to bolster vaccine development in China's Greater Bay Area

Sanofi Pasteur offered a sneak peak of its soon-to-be launched international vaccine innovation center in the Guangdong-Hong Kong-Macao Greater Bay Area during the fourth China International Import Expo (CIIE) in Shanghai.

The first of its kind in the world, the GBA International Vaccine Innovation Center aims to create a vaccine ecosystem that connects the government, industry and public, and serves to foster academic and industry dialogues as well as incubate joint innovation on vaccines.


Energy China

Energy China makes record outlay at CIIE

China Energy Engineering Corp Ltd (Energy China) has enjoyed another fruitful outing at the fourth China International Import Expo in Shanghai, having signed a record $639 million worth of deals for gas turbines, generators, wind power generators and transport services.

The equipment and services procured would be used in the company's overseas projects.


Geely

Geely unveils Leishen powertrain brand

China's Geely Auto Group officially launched its global powertrain brand Leishen power, a leading intelligent high-efficiency powertrain brand, in early November.

The products of Leishen power include the Leishen Hi-X smart hybrid powertrain platform, high-efficiency hybrid transmissions, high-efficiency dedicated hybrid engines, and a new generation E-drive motor.

Empowered by Leishen power technologies, Geely aims to offer consumers a diverse range of electrified mobility, including ultra-reliable HEV, 200km long range PHEV, and ranged extended models.

The company also announced its Smart Geely 2025 strategy that will continue to keep it at the forefront of the global auto industry.

Experts noted that as the competition is fierce in auto industry, these moves represent an acceleration of Geely's goal of becoming a technology-led global auto group and aims to boost its sales to 3.65 million units per starting from 2025.


Pfizer

Pfizer looks to debut 24 new products in China by 2025

US pharmaceutical giant Pfizer is aiming to launch 24 first-in-class new therapies and new indications and drugs in China market by 2025 as part of efforts to contribute to the Healthy China 2030 Initiative, the company's top executive for China said on Thursday, the first day of the 4th China International Import Expo (CIIE).

Jean-Christophe Pointeau, president of Pfizer Biopharmaceutical Group China, said that these new products will cover the fields of oncology, vaccines, anti-infectives, inflammation and immunology, and rare disease areas.

A restructuring of departments at Pfizer China will also take place to facilitate the launch of these products, he added.


Airbus

Airbus eyes Tianjin line for A321 production

European aircraft manufacturer Airbus said it plans to expand the capability of its final assembly line in Tianjin to A321 production, and expects to deliver the first A321 aircraft from Tianjin in the fourth quarter of 2022.

Airbus signed a framework agreement with its Chinese partners in Tianjin on Thursday.


Siemens

Siemens Healthineers posts record revenues in fiscal year 2021

BERLIN - German health technology company Siemens Healthineers said Thursday its revenues in the fiscal year 2021 that ended on Sept 30 rose by 19.3 percent year-on-year to reach the record figure of almost 18 billion euros ($20.7 billion) on a comparable basis.

The contribution to sales from rapid COVID-19 antigen tests was around 1.1 billion euros. Without these, there would only be comparable total revenue growth of 11.8 percent, according to the company.

After 1.4 billion euros last year, net income of Siemens Healthineers was now as high as 1.7 billion euros, it said.


Nexans

Nexans supporting China's green energy revolution

Nexans has just unveiled the new cable harness production facility for the offshore wind industry in Tianjin. The facility will increase Nexans' production capacity in China to contribute to increasing renewable energy production in the country's energy mix and bolster the high-quality development of China's clean energy value chain.

Meanwhile, the group has strengthened its involvement in China's fast-paced nuclear new build program by gaining a large contract from State-owned China Nuclear Energy Industry Corporation to supply specialized nuclear cables for two new projects, namely the No 7 and No 8 power units at the Tianwan Nuclear Power Plant in Lianyungang, Jiangsu province, and the No 3 and No 4 power units at the Xudabu Nuclear Plant in Huludao, Liaoning province.


China Mobile

China Mobile's Shanghai listing application approved

The China Securities Regulatory Commission on Thursday approved the application of China Mobile for listing on the Shanghai Stock Exchange.

The move means the world's largest telecom operator will soon return to the A-share market, and its initial public offering in Shanghai is expected to be the largest IPO of the A-share market in the past 10 years.

China Mobile said it plans to raise 56 billion yuan ($8.75 billion), and nearly 73 percent of the amount will be used to build 5G networks.


Lenovo

Lenovo hits historic highs for quarterly profit, revenue

Chinese tech heavyweight Lenovo Group Ltd announced record quarterly results on Thursday, with historic highs for both profit and revenue, as it pounced on opportunities created by accelerated digital transformation.

Despite wider industry supply challenges, Lenovo's net income in the September quarter grew 65 percent year-on-year to $512 million, and its net income margin improved by 0.7 percentage points,on track to meet its goal of doubling in three years.

Its revenue continued its strong growth trajectory at $17.9 billion, up 23 percent year-on-year, and its research and development expenses for the quarter were up almost 60 percent, owing to increased investments in innovation.


Panasonic

Panasonic expanding China footprint

Japanese electronics giant Panasonic Corp is increasing its investment in China by expanding new factories, and hopes to introduce its innovative business and model in the Chinese market to the global stage.

Tetsuro Homma, executive vice-president of Panasonic, said China is one of the most important overseas markets in the company's global layout. It has built 8 new factories in the Chinese market since the outbreak of COVID-19 to better cater to growing demand from Chinese consumers.


Schneider

Schneider Electric sees big opportunity for multinationals in China's transitioning market

PARIS -- China's active promotion of the transition to a modern green economy offers development opportunities for multinationals, Yin Zheng, executive vice-president of French multinational Schneider Electric, said in a recent interview with Xinhua.

Schneider Electric has agreed to partner with China in its industrial transition through the platform for exchanges and cooperation provided by the China International Import Expo, said Yin, who is in charge of the company's China operations.


Sinopec

Sinopec inks 20-yr LNG deal with US exporter

China Petroleum and Chemical Corp, also known as Sinopec and the world's largest refiner by volume, said on Thursday that the company has inked a 20-year LNG deal with US exporter Venture Global LNG, which will supply 4 million tons of LNG each year.

The deal is the single largest LNG trade agreement in terms of volume between China and the US so far, said Sinopec.

Unipec, the trading arm of Sinopec, will also buy 3.8 million tons of LNG from Venture Global's Calcasieu Pass Facility.


Diageo

Diageo announces plans for whiskey distillery in Yunnan

Diageo Plc, the British spirits producer covering a wide range of alcohol categories including Scotch whisky, gin and beer, will invest $75 million to build its first malt whisky distillery in China, a senior executive said.

Located in Eryuan, Yunnan province, the company believes the area is one of the best locations to produce whisky in China with natural surroundings that will allow the facility to craft a world-class single malt whisky. The construction work for this distillery is expected to begin in early 2022.


China Mobile

Servier banks on digital solutions for growth in Chinese market

China Mobile, the nation's largest telecom carrier, said on Tuesday that it aims to achieve continuous 5G coverage in rural towns across the country by the end of next year, as it works hard to build a top-quality network for the fifth-generation wireless technology.

The grand plan has been conceived as China Mobile has already built more than 560,000 5G base stations so far, which makes it the world's largest 5G network.


L'Oreal

L'Oreal sets up academician station in Shanghai

Cosmetics giant L'Oreal has established an academician working station in Shanghai, advancing the application of technology elements in the skincare industry.

Named the L'Oreal Academician Working Station, the facility will combine resources from both L'Oreal and the research team led by Chen Saijuan, an academician and renowned cytogeneticist at the Chinese Academy of Engineering.

The initiative aims to promote the integration, coordination, and innovation of beauty and healthcare. It also represents the first Fortune 500 foreign company to establish a collaborative working station in Shanghai.


Unilever

Unilever to open new production unit in Guangzhou

Consumer goods company Unilever China announced it would establish its new South China integrated manufacturing site in Guangzhou, Guangdong province, as construction of the factory will start at the end of this year and the facility is expected to start operations in 2023.

Unilever said it would invest 130 million euros ($150.8 million) in the building of the first phase of the Guangzhou plant. Upon completion, the factory will cover the production of food, personal care and home care products.

Located in Guangzhou's Conghua district, the plant is expected to raise the comprehensive supply chain capability of Unilever in China. The factory aims to become a new hallmark of smart manufacturing in China among traditional sectors.


BEST

BEST launches new logistics service

As presales for the Double 11 shopping festivalChina's most iconic annual online and offline shopping galahave already kicked off in October, BEST Inc, a Hangzhou, Zhejiang province-based integrated supply chain and logistics solutions provider, has launched a cross-border logistics service to help consumers in Southeast Asian countries purchase goods from Chinese e-commerce platforms.

With this service, customers in Thailand, Vietnam, Singapore, Malaysia and Cambodia are able to place more than one order at different shopping websites or stores in China, with freight for only one consolidated parcel. The price starts from 7 yuan ($1.1) per kilogram.

The new service is designed to meet the needs of overseas Chinese in Southeast Asia, where China's major shopping websites such as Taobao, JD and Pinduoduo are getting increasingly popular.


Lego

Lego eyes expanding stores to 100 Chinese cities

Leading toymaker Lego Group is eyeing an expansion of its branded retail stores to 100 Chinese cities by next year, as the vast market potential and strengthened intellectual property rights protection boost its confidence.

The Danish company debuted several new sets of brick toys highlighting Chinese traditions during the fourth China International Import Expo, an avenue to 'bring the brand closer to customers and government officials', said Paul Huang, general manager of Lego China.


CNPC

PetroChina has signed purchase agreements with 33 suppliers around the world, with a total amount of nearly US $15.5 billion

Financial Associated Press, November 6 - on November 5, on the occasion of the fourth China International Import Expo, the China Petroleum International Cooperation Forum and signing ceremony were held in Shanghai. During the forum, companies affiliated to CNPC signed 33 purchase agreements with 33 partners from around the world, including Saudi Aramco, messiness Asia Pacific Co., Ltd., Schlumberger, siemens energy and Baker Hughes, with a total contract amount of nearly US $15.5 billion.

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