Siemens is looking to increase sourcing and exports from Asia to help control costs, said Richard Hausmann, the chief executive for Siemens North Asia, according to the China Supply Chain Council.
The company also wants to increase the level of exports from China. In fiscal 2008, its exports from China were equal to about 10 per cent of the Rmb57bn in its total mainland sales, said Hausmann.
Siemens is forecasting mainland sales to grow about 16 per cent in fiscal 2009, up from 19 per cent in the previous year.