Thursday, February 11, 2016

Siemens says China code demand robust, automation capex weak



Siemens (SIEGn.DE) has seen important growth in demand for code for industrial plant automation in China in a very typically weak setting for capital outlay on automation instrumentation within the country, Chief government Joe Kaeser same on Tues.

"I assume what we tend to see, in a way, is 2 worlds out there in China. Automation capex is actually, extremely light-weight," Kaeser told analysts on a phone call.

"What we tend to do see although... is critical growth in code, that may be a nice development to visualize as a result of China has historically been slightly slow to introduce trendy ways that of simulation," he added.

"With our combination of code and automation we tend to believe we will outmatch the market on the average, however China's about to be slow and it remains to be seen whether or not we tend to see a property demand-related pickup."

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