ABB: Belt and Road initiative creates new opportunities for Sino-Swiss business cooperation

On the Move - Sino-Swiss Business Cooperation and the Belt & Road
Beijing, May 13, 2017 – As the Belt and Road Forum for International Cooperation draws near, Dr. Chunyuan Gu, Senior Vice President of ABB Group, Chairman and President of ABB (China) Limited, was invited to the forum themed “On the Move: Sino-Swiss Business Cooperation and the Belt & Road” hosted by the Swiss Embassy in China today, and shared his views on the prospects of Sino-Swiss cooperation together with other guests at the panel discussion session. Doris Leuthard, President of the Swiss Confederation made an opening statement for the activity.

The cooperation between China and Switzerland has a long history. Switzerland is one of the first European countries that recognized China's full market economy status, as well as the first country that established innovative strategic partnership with China. The Belt and Road initiative raised by Chinese President Xi Jinping in 2013 provides an open and efficient platform for the further development of Sino-Swiss relationship, and creates new opportunities for the enterprises in both countries.

Dr. Chunyuan Gu, Senior Vice President of ABB Group, Chairman and President of ABB (China) Limited
As a multinational corporation headquartered in Switzerland, ABB has followed Chinese enterprises’ in the “Go Global” move and participated in their EPC projects in more than 70 countries. With a business network covering some 100 countries around the world, and abundant overseas project management experience, ABB provided more than 400 Chinese enterprises with consultancy, design, engineering and services in 2016 alone, and helped them solve problems in design standards in different countries and thus lower project costs and risks.

Dr. Chunyuan Gu said, “Given the complex and changing international situations and increasing uncertainties, the Belt and Road initiative gives a new impetus to the recovery of world economy. Improvements in utility, industry, transport and infrastructure will increase connectivity across the world, and bring new opportunities for the cooperation between Chinese and foreign enterprises. As a pioneering technology leader, ABB is dedicated to becoming the partner of choice for Chinese enterprises and promoting win-win cooperation in global market based on our complementary strengths.”

ABB’s cooperation with Chinese enterprises has been widespread in Asia, Europe, Middle East, Africa and Latin America, with the main projects including the 275MW thermal plant in Bangladesh built by Harbin Electric Corporation, the Than Taw Myat Cement Plant in Myanmar contracted by SINOMA, the petroleum polypropylene project of Sinopec in Thailand, the oilfield project of CNPC in Rumaila, Iraq, the Izmir metro line 2 project in Turkey contracted by CRRC Tangshan, the Soyo power plant in Angola built by China Machinery Engineering and the Coca Codo Sinclair Hydropower Plant in Ecuador contracted by POWERCHINA, etc. While ensuring the safe, efficient and steady operation of the projects, ABB also uses industrial expertise and helps Chinese enterprises connected with industrial Internet of Things. With ABB Ability™ digital solutions, they can now know more, do more, do better, together to unlock additional values. Take the oil and gas chemical industry for example. A set of ABB Ability™ distributed control system allows operation of more than 50 fully automatic production lines; and its automatic data collection system can reduce the design and operational costs by 30% and commissioning time by 50% — all while driving safety improvements through automated data collection and analysis.

Doris Leuthard, President of the Swiss Confederation
ABB has always served as a bridge and a tie between China and Switzerland, and vigorously participated in and advanced the technical exchanges and energy cooperation between the two countries. In 2017, ABB’s CEO Ulrich Spiesshofer attended the meeting between Chinese President Xi Jinping and Swiss business representatives, and joined the discussions about how to seize the opportunities resulted from industrial digitalization and advance industrial upgrading amid the fourth industrial revolution and energy revolution; During the World Economic Forum held in Davos concurrently, Nur Bekri, Vice Chairman of the National Development and Reform Commission and Head of the National Energy Administration, met with Peter Voser, Chairman of ABB’s Board of Directors, both had in-depth exchanges about the cooperation in fields like renewable energy integration, the safe and steady operation of power grid and the development of smart grid and microgrid; As one of the initiatives to implement the memorandum of understanding (MoU) on Sino-Swiss energy cooperation, Sino-Swiss Energy Cooperation Forum was held in Beijing in April 2017, at which ABB shared its latest technologies in the energy field.

Along with the forum, the National Energy Administration of China and Swiss Federal Office of Energy signed the Switzerland China Energy Cooperation Roadmap on May 13, with the aim to further deepen the innovative strategic partnership between two countries, and to implement the MoU on energy cooperation. As a global technology leader in utility and energy, ABB has made positive contributions to the development of the roadmap.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 17,000 employees located in 139 cities, 40 local companies, and online and offline channels across over 300 cities.

More information
For more information on ABB, please visit: http://new.abb.com/cn
Sina Weibo: @ABB China
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