Siemens Energy has acquire the bulk holding in the Chinese metalworking company Yangtze Delta Manufacturing (YDM) and the Chinese aluminum foundry GISAP (GIS Steel & Aluminium Products), both headquartered in Hangzhou. With these acquisition Siemens Energy is growing its global manufacture network for high-voltage circuit-breakers in China and optimizing its value creation chain from foundry work via machining to last product assembly. YDM and GISAP together posted proceeds totaling about EUR65 million in 2008 and today have a combined work force of about 600.

Over the long term we are anticipating a continuously high demand for high-voltage power transmission goods in China and are thus securing the requisite capacities to maintain our successful business in this growth market. The demand for consistent, cost-optimized high-voltage products for the broadcast of electrical energy continues to rise. Drivers are the important increases in power insist in the newly industrializing countries and the energy-efficient integration of renewable energy sources into power supply networks.

Siemens has a most important position in China, the world's major market for power transmission equipment. The company is concerned as a provider of innovative energy technology in various major infrastructure projects, including projects in the field of high-voltage direct current (HVDC) transmission.