Swedish Engineering Company Highlights China as Key Market
At the 8th China International Import Expo (CIIE) in Shanghai, Swedish engineering and service company Alfa Laval emphasized its strong commitment to China, naming it the company’s most important market.
Statements from Leadership
CEO Tom Erixon and CFO Fredrik Ekstrom shared insights during an interview with China Central Television (CCTV) about Alfa Laval’s focus on the Chinese market. They highlighted China’s crucial role in both business growth and the global energy transition.
“Sometimes it’s important that we, as a team, experience the same thing. It’s very much a learning experience from what is for us the most important market in the world, China,” said Erixon.
“I think it’s a mix of meeting government officials, it’s meeting our customers, and of course, it’s expanding our view of what’s happening in China at the same time because when you look around, you really get a true sense of how important China is as a market for the rest of the world and why it’s important for us to be here as well. In fact, it’s 20 percent of our turnover. But more importantly, we look at it as a future market because China leads the global energy transition right now,” noted Ekstrom.
Strategic Importance of China's Policies
Erixon also pointed out the influence of China’s Five-Year Plans on Alfa Laval’s strategy, describing them as “very predictive of what’s actually going to happen,” helping guide the company’s long-term planning.
Key Points
- China is Alfa Laval’s most important market globally.
- The company sees China as vital for its growth and the energy transition.
- China accounts for 20% of Alfa Laval’s turnover.
- The CIIE provides opportunities to engage with government, customers, and partners.
- China’s Five-Year Plans are key to Alfa Laval’s strategic forecasting.
Author’s summary: Alfa Laval underscores China’s central role in its business and innovation strategy, highlighting the market’s impact on growth and the global energy transition.