Latest news with #industrialcooperation
Associated Press
3 days ago
- Business
- Associated Press
Beijing China-Germany Forum for Industrial Cooperation and Development—China-Germany (China-Europe) Hidden Champions Forum 2025 Opens
BEIJING--(BUSINESS WIRE)--May 28, 2025-- On May 26, the Beijing China-Germany Forum for Industrial Cooperation and Development—China-Germany (China-Europe) Hidden Champions Forum 2025 opened at Shunyi, Beijing. More than 600 attendees, including government representatives, experts, industry leaders and media professionals from China and abroad. The German and European sides expressed strong interest in cooperation. Enterprises, industrial parks, and governments engaged in in-depth dialogue on technological innovation, industrial development, talent mobility, and information exchange. At the opening ceremony, addresses were delivered by Mu Peng, Vice Mayor of Beijing; Walter Döring, Executive Chairman of the Senate of Economy Europe and Chairman of ADWM; Wan Qian, Deputy Director-General of the Department of International Cooperation, National Development and Reform Commission; Hans-Peter Friedrich, former Vice President of the German Bundestag; and Gong Zongyuan, Secretary of CPC Shunyi District Committee of Beijing Municipality. During the keynote session, Michael Müller, former Mayor of Berlin and President of the Bundesrat; Jiang Xiaojuan, professor at the Chinese Academy of Social Sciences, former Deputy Secretary-General of the State Council; Zhecho Stankov, Minister of Energy of Bulgaria; Benita Ferrero-Waldner, former EU Commissioner for Trade and former EU Commissioner for External Relations and European Neighborhood Policy; Nicole Graf, President of the DHBW Heilbronn; and Wu Hongliang, Director-General of the NDRC International Cooperation Center, addressed key topics on innovation, digital transformation, and green development. A highlight of the forum was the joint release of the 2025 China-Germany Hidden Champions Open Cooperation Report by the NDRC International Cooperation Center and the DEZ. It proposes a bilateral cooperation mechanism between Chinese and German (European) governments to deepen the interconnectivity of industrial chains. To foster cross-border finance and capital collaboration, Bank of Beijing Chairman Huo Xuewen, District Mayor of Shunyi Cui Xiaohao, and other representatives inaugurated the 'Golden Link' of China-Germany (China-Europe) Economic and Technological Cooperation Initiative, introducing a series of actions. In another key event, officials unveiled the Beijing Shunyi · China-Germany (China-Europe) Hidden Champions Reception Hall (HCRH), envisioned as a permanent window for displaying and converting enterprise innovations. Currently, Beijing continues to deepen high-level opening-up under the 'Two Zones' initiative, implementing over 120 breakthrough policies and enacting the Beijing Foreign Investment Regulations and 'Global Service Partners Program' to enhance its appeal to global capital and talents. Looking forward, Shunyi aims to leverage the Forum and Demonstration Zone to further explore China-Germany (China-Europe) cooperation, enhance its appeal to hidden champions and specialized and sophisticated enterprises, and expand mutually beneficial opportunities. China-Germany (China-Europe) Hidden Champions Forum Organizing Committee Organizer: Co-sponsor: View source version on CONTACT: Zhicheng Ma 19910567753 [email protected] KEYWORD: GERMANY CHINA EUROPE ASIA PACIFIC INDUSTRY KEYWORD: FINANCE BUSINESS MANUFACTURING OTHER MANUFACTURING PROFESSIONAL SERVICES SOURCE: China-Germany (China-Europe) Hidden Champions Forum Organizing Committee Copyright Business Wire 2025. PUB: 05/28/2025 11:51 AM/DISC: 05/28/2025 11:51 AM
Zawya
3 days ago
- Business
- Zawya
Swedish ambassador visits ABB's manufacturing factories, commends local contributions, excellence
Ismail: We are proud of what these factories represent, a fully functional operation that delivers real value to Egypt's infrastructure and energy sectors. Kassem: Through our ABB factories in 10th of Ramadan City, we succeeded in enhancing and supporting local manufacturing. Cairo, Egypt – In a landmark move, the Swedish Ambassador to Egypt, Dag Juhlin-Dannfelt, visited ABB's factories in 10th of Ramadan City to celebrate ABB's 100 years of operations in Egypt. The visit showcased how ABB plays a powerful role in supporting local industry, driving sustainable practices, and building on the enduring Swedish-Egyptian partnership. The ambassador walked through the factories production lines and met with the team, observing the dedication and professionalism that define ABB's operations in Egypt. With Egyptian components making up as much as 79% of the factories' products, ABB boosts local manufacturing and commitment to creating meaningful opportunities for skilled Egyptian workers. This level of local integration underscores ABB's commitment to supporting national industry and building long-term capabilities within the country. The visit highlighted the strength of Swedish-Egyptian industrial cooperation, with the ambassador seeing clear parallels between the factories' operations and those in Sweden. Throughout the tour, Dannfelt noted the factories energy and meticulous attention to detail. The layout, workflow, and commitment of the staff mirrored Swedish industrial standards, reflecting ABB's successful integration of Swedish values into its Egyptian operations. The visit underscored the deepening ties between the two countries. The ambassador recognized the factories as a strong symbol of the growing bilateral collaboration in technology and manufacturing. During the tour, Ahmed Hammad, Chairman of ABB Egypt, welcomed the Swedish ambassador. After walking through the factories and discussing ABB's history and ongoing projects, Hammad shared his reflections on the occasion. 'ABB's century-long presence in Egypt is more than just a milestone—it's a story of growth, trust, and partnership,' Hammad said. 'We've built a legacy grounded in local talent, international standards, and shared values. 'We continue to invest in Egypt's future with the same energy and purpose that brought us here 100 years ago.' 'The visit by the Swedish Ambassador affirms the strength of our bilateral ties and highlights the value of long-term collaboration between Egypt and Sweden,' Hammad added. 'At ABB, we see this as a moment to reaffirm our role as a reliable contributor to Egypt's development and a bridge between two industrial traditions.' Sherif Ismail, Vice President-Commercial Director for ABB Egypt & Central Africa, also joined the ambassador during the visit. Reflecting on the significance of the day, he shared, 'This visit is more than a ceremonial moment—it shows the confidence our international partners have in what we've built here. The factories reflect years of hard work by a talented Egyptian team and a strong commitment to quality that mirrors ABB's global standards,' Ismail added. 'We are proud of what the factories represent, a fully functional operation that delivers real value to Egypt's infrastructure and energy sectors. It is a clear example of how local industry, backed by global experience, can deliver sustainable impact,' Ismail stated. Also, Eng. Abdallah M. Kassem, ABB Factories Manager, accompanied the ambassador throughout the factories tour, offering a detailed explanation of the site's operations and strategic importance. His insights provided the ambassador with an in-depth view of the factories' contribution to Egypt's industrial landscape. 'We are honored by the Ambassador's visit, which comes as part of the celebration of ABB's 100th anniversary in Egypt. During this time, we have succeeded in enhancing and supporting local manufacturing through the ABB factories in 10th of Ramadan City. 'We were able to obtain the Egyptian Local Component Certificate, thanks to achieving a 79% local component ratio in all electrical distribution products produced at ABB's factories in 10th of Ramadan City,' Kassem said. Since its launch in Egypt, ABB has become a powerful foundation in Egypt's infrastructure, utilities, and transportation sectors. The company continues to manufacture vital components locally, supporting Egypt's development with dependable, high-quality solutions. Also, the visit reflected ABB's alignment with Egypt's Vision 2030. The factories operate on a strong, center-based production as an example of a responsible, sustainable industry. ABB continues to work closely with the Egyptian state, contributing to national projects and providing efficient, locally made solutions that serve people and communities across the country. As ABB celebrates 100 years in Egypt, the company still focuses on growing the local industry. This ensures that investment windows are created for Egyptian talent and deepens the company's contribution to Egypt's future—all while honoring the values of its Swedish origins.
Arab News
11-05-2025
- Business
- Arab News
Saudi industry minister tours Danish technology, pharmaceutical hubs
RIYADH: Saudi Arabia's minister of industry and mineral resources toured key Danish industrial and scientific sites as part of his current trip to Denmark, focused on boosting industrial cooperation and exploring joint investment opportunities. Minister Bandar Alkhorayef's visit included stops at pharmaceutical giant Novo Nordisk and the Technical University of Denmark (DTU) Science Park. At Novo Nordisk, a global leader in diabetes care, Alkhorayef examined cutting-edge insulin and biopharmaceutical production technologies.' Alkhorayef highlighted the strategic partnership between the company and Saudi Arabia's Public Investment Fund (PIF), via Lifera, aimed at localizing the production of GLP-1 drugs and insulin within the Kingdom. The partnership seeks to meet domestic demand and position Saudi Arabia as a regional hub for pharmaceutical manufacturing and research. During his visit to the DTU Science Park, Denmark's premier technology and innovation hub, Alkhorayef was briefed on advanced research and development units, key industrial research projects, and innovative solutions driving industrial growth and sustainability. The Science Park fosters a competitive environment for scientific research, innovation, and modern technology development. The visits underscore the Kingdom's dedication to bolstering strategic international partnerships, facilitating the exchange of expertise, and enabling technology and knowledge transfer. Such efforts aim to localize promising industries within Saudi Arabia and realize the Saudi Vision 2030's goals to diversify the national economy.
