Siemens buys two Chinese metal companies

German industrial conglomerate Siemens AG acquired the majority holding in Yangtze Delta Manufacturing, a metalworking company, and aluminum foundry GIS Steel & Aluminum Products, both of which are headquartered in Hangzhou. With the acquisitions , Siemens expands its global production network for high-voltage circuit breakers in China and its foundry capabilities from machining through final product assembly. 揙ver the long term, we are anticipating a constantly high demand for high voltage power transmission products in China and are thus securing the requisite capacities to maintain our successful business in this growth market,?Udo Niehage, Siemens?chief power transmission official said in the company's statement.NIKE AIR MAX