Sino-Swiss Business News
Automation expert ABB and China’s leading automotive parts supplier, HASCO, announce the creation of a joint venture to drive the next generation of smart manufacturing in China’s automotive industry. The joint venture will build on the existing successful relationship between the two companies, leading to the crucial development of highly flexible and sustainable auto parts manufacturing within HASCO’s China-based operations. As the automotive industry’s transition towards electric vehicles gathers pace, parts manufacturers must increasingly invest in flexible facilities that can respond to rapidly changing demands and trends. The partnership between ABB Robotics and HASCO, which includes a 40% stake by ABB in the joint venture, will expand the use of smart technologies and artificial intelligence within the industry. Both parties agreed not to disclose any further details about the investment.
The Great Tech Awards went to Flyability, F&P Robotics, holo|one, Oxyle, STOR-H and SynSense. Presented at the Tech G Shanghai International Consumer Electronics Show, the awards recognise emerging high-tech products that have created a buzz in the professional setting and in consumer minds. Tech G Shanghai International Consumer Electronics Show aspires to become the leading consumer technology event in Asia, showcasing cutting edge products and revolutionary technologies. With over 30’000 visitors awaited, the exhibition also provides companies with a platform to enhance their brands, establish and broaden their business partnerships, and facilitate their cross-border trade in technology. The swisstech pavilion, which aims to raise Switzerland’s profile as an innovative location for business and to promote the visibility of Swiss companies and universities abroad, hosted a cohort of 16 startups. Four joined on-site and 12 startups virtually. Six of the exhibiting Swiss startups won the Great Tech Awards in different categories.
Clariant, a focused, sustainable and innovative specialty chemical company, today announced that it will construct its first Chinese production facility for its successful Exolit OP flame retardants at its existing site in Daya Bay, Huizhou, Guangdong Province. By establishing local production capacity, Clariant greatly enhances the speed at which it can provide solutions to its customers in China. Driven by the fast-growing electrical and electronic equipment industries, in particular e-mobility, 5G communications technology and transportation, there is a rapidly growing demand for Clariant’s innovative and sustainable flame retardants in China and other Asian markets. “China has been one of the fastest growing regions for Clariant and we expect this development to continue in the future. By investing approximately CHF 60 million to establish a production facility dedicated to providing our local customers with innovative and sustainable Exolit OP flame retardants, we will take another step towards increasing our footprint in China and continue to solidify our position in the local market,” said Conrad Keijzer, CEO of Clariant. Clariant’s facility in Daya Bay is currently home to the company’s first ethoxylation plant in Asia, which services local pharmaceutical, personal care, home care, and industrial application customers within its Business Area Care Chemicals.
Swiss based marine engine technology developer WinGD continues to invest in its R&D testing infrastructure with the opening of a new collaborative Global Test Centre in Shanghai, China. The new test centre which opened on the 16 December, is a collaboration with CSPI (China Shipbuilding Power Engineering Institute Co., Ltd.) for the advancement of a decarbonized future through sustainable fuel and combustion research and innovation. The role of R&D has come into sharp focus as part of the strategy to help ships reach the IMO’s 2050 target. The success of the industry reaching these targets relies on a focus well beyond alternate fuels. This new Global Test Centre will encompass research and innovation around future fuel propulsion solutions, holistic energy management systems, and power generation based on new energy converters. For the development of new technologies and products, the Global Test Centre comprises of two 2-stroke test engines and several test rigs for the validation of sub-systems such as fuel injection, pumps or gas admission valves. With future demands in mind, testing will focus on new fuels including methanol and ammonia, and on the further development of WinGD’s low pressure dual-fuel technology. The test centre will also be equipped with an electrical grid representing modern vessels, including a DC grid laboratory and dynamometers instead of water brakes, a perfectly suited infrastructure to test and demonstrate hybrid propulsion systems in the future.
By taking over the Chinese company Yantai Xinhui Packing, Datwyler will gain direct access to the rapidly growing healthcare market in China. In doing so, Datwyler will fill another important strategic gap in the healthcare solutions business area and have its own production plants in all currently relevant markets. Datwyler has signed a contract to acquire the Chinese company Yantai Xinhui Packing Co. Ltd. Closing of this contract is subject to the anticipated fulfilment of the customary closing conditions during the first quarter of 2022. The details of the contract are undisclosed. This strategically important acquisition will provide Datwyler direct access to the rapidly growing healthcare market in China. The family-owned company Yantai Xinhui Packing was founded in 2003. In 2017, the company invested in building a new production plant in Shandong province in northeastern China. Yantai Xinhui Packing has automated production facilities for elastomer components for the healthcare market, its own development department and its own compounding facility. With some 170 employees, the young and modern company has annual revenue of some CHF 15 million. The current management will remain in place, thus ensuring continuity in serving the Chinese healthcare market. When integrating Yantai Xinhui Packing, Datwyler can draw on its many years of experience with its own Chinese plants for the automotive and industrial markets with some 1’500 employees in China.
Burckhardt Compression has signed a contract with Jiangsu Hongjing New Material Company Ltd. to equip three production lines for EVA (ethylene-vinyl acetate copolymers) and LDPE (low-density polyethylene) with three Booster-Primary and three Hyper Compressors. The petrochemical mega-plant that is currently being built in Lianyungang, China, will have an output of 600 kilotons per year of EVA/LDPE. The production of EVA (ethylene-vinyl acetate copolymers) and LDPE (low-density polyethylene) is technically highly demanding and requires Booster-Primary and Hyper Compressors as key components. EVA and LDPE are raw materials for products such as foils, electric cables or floor coverings. Specifically, the three 200 kilotons per year photovoltaic class ethylene-vinyl acetate copolymers plants will help to satisfy the worldwide demand for EVA polymer, which, shaped as a film, is used in solar panels as an insulating and sealing agent around the solar cells. Jiangsu Hongjing New Material Company Ltd., a subsidiary of Jiangsu Sailboat Petrochemical Co. Ltd. is a mostly privately-owned company in China that refines petroleum products and manufactures chemical products.
The China-Switzerland Innovation and Entrepreneurship Cooperation Launch Conference was held in Changzhou National Hi-Tech District on October 21 in a move to further strengthen the strategic partnership on innovation between Switzerland and China and implement the spirit of the Joint Statement on Strengthening Science and Innovation Cooperation signed by China’s Ministry of Science and Technology and the Swiss Federal Department of Economic Affairs, Education and Research. Sino-Swiss (Changzhou) Innovation Park was established in 2018 and sponsored jointly by Torch High Technology Industry Development Center of the Ministry of Science and Technology, the International Economic and Technical Cooperation Center of the Ministry of Industry and Information Technology and the municipal government of Changzhou as a provincial-level international cooperation park. The park is committed to serving as the industry cluster and center of innovation for the production of intelligent equipment, carbon fiber composite materials as well as biomedical and medical devices. To date, working factories and production lines already occupy some 270,000 square meters of the approximately 670,000 square meters allocated to the park. Since its opening in 2019, the companies operating in the park have made innovation, intelligence and environmental sustainability part of the mission, as these are all areas strongly supported by the governments of China and Switzerland and are of growing importance to leading Swiss and German companies.
Bernardino Regazzoni, Switzerland Ambassador to China, said that the China International Import Expo is an important event for Swiss companies that wish to do business in the Chinese market. “Personally, it’s my second participation (in the expo),” he said. “We have around 65 companies showing up. I would say the best ones are here. “It’s not just about bringing goods from Switzerland, but they are in China. Very strong in the Chinese market, producing and making research in China.” China and Switzerland have a long lasting relationship in many fields and both parties signed a free trade agreement in 2013 which enhanced their exchange of goods and services, he said. Around 1,000 Swiss companies are doing business in China in fields such as food, drugs and robotics, he added. “They’re the backbone of our economic relations between two countries. All Swiss companies are committed to more sustainable development. Sustainability is not just a commitment. For some of them, it also has become a business,” he said.
Novartis pledges to continue pushing innovation in China with new treatments and solutions in the cardiovascular sector, one of the most common diseases in China. Novartis’ major lipid-lowering drug “Inclisiran” is a key exhibit at the Swiss pharma giant’s presence during the 4th China International Import Expo. Johan Kahlstroem, senior vice president and business unit head of Cardiovascular, Renal & Metabolism at Novartis Pharma (China), said it aims to continue to strengthen partnerships with local stakeholders and to raise the overall treatment levels for cardiovascular diseases. Novartis is fully engaged in the Chinese market from manufacturing to business development, covering the whole industry value chain. It has been committed to offering innovative solutions and partnerships that could be valuable in achieving the goals of Healthy China 2030. The increasing prevalence of cardiovascular disease is a serious burden for patients and their families, and it’s also a huge challenge for healthcare provision and health budgets. According to the Chinese Cardiovascular Association, it’s estimated that there were about 330 million cardiovascular disease patients in China in 2019, about a quarter of the population, and it was responsible for 43% of deaths that year.
Swiss investment bank Credit Suisse Group AG plans to accelerate its expansion in China, growing its team on the mainland by three times in the next five years, China chief executive Janice Hu said. Speaking to a media roundtable, Hu said that Credit Suisse has hired more than 120 people since gaining a majority stake in its China securities joint venture in June 2020. Hu said that the bank was in close contact with regulators over cross-border data transfers. China implemented a Personal Information Protection Law from November 1, complementing a new Data Security Law in regulating cyberspace and safeguarding national security. The Data Security Law requires all companies in China to classify the data they handle into several categories and governs how such data is stored and transferred to other parties. “We are communicating with the regulator and our headquarters on a daily basis to achieve a plan that regulators can agree with and is feasible for us … this is at the core of our work,” Hu said. She also said the bank was in talks to provide financing for internet firms unable to list in the short term.