Danfoss, a Danish engineering giant specialized in automation systems and industrial equipment, is committed to deepening its foothold in the Chinese market, said the company's CEO.
With the first China plant established in November 1996 in the port city of Tianjin, Danfoss has been deepening its China presence for three decades. The company's CEO Kim Fausing, speaking in a recent interview with Global Television Network (CGTN), said that in that time, the company held fast to a vision that China should be its "second home " -- a market where the company has truly seen bright prospects.
With around 5,000 employees, Danfoss has remained committed to expanding its bases to more regions across China, in a bid to pursue a steady and sustainable development.
"We have, step by step, been investing, localizing, building up an organization where we had not only sales and marketing. We built up strong manufacturing base. We built up a strong engineering base. We have some of the best engineers here in the world. We have speed in our processes. And then we have built up centers where we co-develop with our customers and partners here since a while," said Fausing.
Last year, Danfoss opened its largest production facility in China as the company inaugurated its second factory in Haiyan, an advanced manufacturing hub in east China's Zhejiang Province.
"Step by step, we have been investing and we have continuously been investing here lately. Right, we opened last year now our largest campus until now, actually. And with 130,000 square meters in Haiyan, which makes us very proud. But it shows also that you need to continue to invest. You need to have up-to-date facilities. You need to have modern facilities, best processes in order to really compete in China. And that has been a tremendous development," said the CEO.
In its three decades in the Chinese market, Danfoss has witnessed the rise of China's own advanced manufacturing capabilities. Yet, Fausing said, the Danish company has never viewed competition with domestic producers as a threat.
"We kind of, in Danfoss, invite the competition. We are not afraid of competition. We think it's part of being healthy. It's part of being faster. It's part of having the incentive to move faster. And therefore we actually really embrace this competition you see in China. We are very proud of the speed you learn in China. It's something we can apply globally," he said.
Danish engineering giant deepens commitment to Chinese market
China is willing to maintain high-level exchanges with Norway, consolidate the political foundation of bilateral relations, and believes Norway will continue to firmly adhere to the one-China policy, which is also in line with the purposes and principles of the UN Charter, Chinese Foreign Minister Wang Yi said on Monday.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a meeting with Norwegian Prime Minister Jonas Gahr Store in Oslo.
Store said that Norway looks forward to maintaining the momentum of high-level exchanges with China, expanding cooperation in emerging sectors such as the green economy and artificial intelligence, enhancing communication and coordination on international and regional affairs, supporting the United Nations in playing its central role and upholding multilateralism.
Norway has been actively engaged in international development assistance over the years and is willing to continue making strong contributions to promoting North-South cooperation, he said.
Wang first conveyed greetings from Chinese leaders to Store, saying the prime minister's successful visit to China in 2024 injected new impetus into the development of bilateral ties.
Noting that Norway was among the first Western countries to establish diplomatic ties with the People's Republic of China, Wang said this reflected Norway's long-term strategic vision.
With the joint efforts of both sides, China-Norway relations have maintained sound momentum, he said, adding that the two sides have transcended differences in social systems, history and culture, and continuously built mutual trust in the spirit of mutual respect while promoting cooperation and properly handling differences.
Bilateral relations have withstood the test of the changing international landscape and become more resilient and increasingly stable, he said.
The two sides should focus on complementary strengths, vigorously deepen cooperation in areas such as the economy, trade and innovation, and promote China-Norway cooperation in the green transition to play a leading role in the world, said the Chinese foreign minister.
China is willing to strengthen multilateral coordination with Norway, uphold true multilateralism, implement the four major global initiatives, and promote the building of a more just and equitable global governance system, Wang said.
China hopes Norway will continue to play an exemplary role in promoting North-South cooperation, and China, for its part, will also actively advance South-South cooperation, he said, adding that together the two sides will contribute to the development and progress of humanity.
China willing to maintain high-level exchanges with Norway: FM
