China's regional operations have played a key role in driving Siemens' revenue growth. According to the company’s financial report, in 2017, Siemens achieved a total revenue of 83 billion euros, representing a 4.3% increase compared to 2016. This marked the third consecutive year of revenue growth, showing strong performance across its global markets.
From a regional perspective, all areas contributed steadily to this growth, with China emerging as a major driver for both the Asia-Pacific region and the company as a whole. The Chinese market has become one of the most important contributors to Siemens’ expansion strategy.
Looking at the business segments, the digital factory division was particularly notable. In 2017, the digital factory business generated approximately 11.4 billion euros in revenue, up by 1.2 billion euros or 12% compared to the previous year. This impressive growth was fueled by improved market performance in the automotive and machinery industries. Additionally, orders and revenues for the PLM (Product Lifecycle Management) segment also saw significant increases.
Geographically, the digital factory business experienced growth in all regions, with the Asia-Pacific area showing the highest increase. China, in particular, stood out as a key contributor to this growth. However, the ongoing investment in the MindSphere platform had a slight negative impact on the department's profitability.
Whether looking at the overall geographic revenue distribution or focusing specifically on the digital factory business, China's performance was consistently highlighted as a major success story. To better understand this growth, let's take a closer look at the key business developments and strategic moves that Siemens made in China during 2017.
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