Swedish Engineering Company Alfa Laval Highlights China as Key Market
At the 8th China International Import Expo (CIIE) in Shanghai, Swedish engineering and service company Alfa Laval reiterated its strong commitment to China, describing it as the company’s most important market.
Leadership Statements on China's Importance
CEO Tom Erixon and CFO Fredrik Ekstrom spoke to China Central Television (CCTV) about the critical role China plays in Alfa Laval's 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,”
— Tom Erixon, CEO
“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,”
— Fredrik Ekstrom, CFO
China’s Strategic Influence on Alfa Laval
Erixon emphasized how China’s Five-Year Plans have shaped the company's long-term strategy, describing them as highly predictive of future developments.
“China’s Five-Year Plans are very predictive of what’s actually going to happen,”
— Tom Erixon, CEO
Overall, Alfa Laval considers its presence in China essential for understanding market dynamics and advancing its role in the global energy transition.
Summary
Alfa Laval regards China as its most vital market, with 20% of turnover linked to it, viewing the country as a crucial partner in business growth and the global shift to sustainable energy.