With Schneider to create maximum China Baoguang vacuum switch base

February 16th morning, Shaanxi Baoguang group and the French Schneider electric company held a joint signing ceremony. According to the agreement, the two sides according to the proportion of 3:7 jointly invested 250 million yuan to set up Schneider in the city (Shaanxi) Baoguang Electrical Appliance Co., the largest production base to create China vacuum switch. City leaders Wu Dengchang, Yao Yinliang, and so on, and so on, and so on, and so on, to attend the signing ceremony, and so on, and so on, and so on, and so on, and so on. The city leaders, such as.

Founded in 1836, Schneider Electric has been a pioneer in French industry. Comrade Deng Xiaoping studied in France when he worked in the factory of the predecessor of the company. At present, the company has 197 industrial companies in more than and 130 countries around the world, in China, the establishment of a total of more than and 20 production enterprises, research and development institutions and agents of the more than and 400. The past two years, the company actively contact with ofbaoguang group, finally reached a joint venture agreement. Baoguang group and Schneider Inc a total investment of 250 million yuan to set up a joint venture company, the main production and sales of vacuum circuit breaker. The new company registered capital of 100 million yuan, Schneider owns 70% stake in ofbaoguang group holding 30% stake. 2006 revenue is expected to reach 20 million euros.

At the signing ceremony, Schneider electric Asia Pacific CEO Shi Shi said in a speech: the establishment of the company is bound to promote the development of China and the Asia Pacific region in the Schneider, France to promote friendship." Baoguang Group Chairman Tong Shaocheng said that the joint venture company set up to optimize the product structure, capital Baoguang, complementary capital, technology, production, sales, brand advantage, has important significance to promote the economic development of Baoji.

Provincial SASAC director Qiu Shijie, the information industry department director Song Anhui and other provincial and municipal leaders of relevant departments attended the signing ceremony.