“Danfoss has experienced tremendous growth in China over the past years,” said Niels-Erik Olsen, vice president of Danfoss China, “and even though we now see a temporary slow down in sales, we will continue to invest in China and offer environment friendly products, and make contributions to energy savings.”
Business Watch worked with Beijing University and other institutions to select the top 100 companies operating in China, ranking the organizations according to their growth rate and measurements of responsiveness and innovation. For the first time in its 15-years history with China, Danfoss appeared among one of the 3 top 10 groups on that list, joining international names Volkswagen, Dow Chemical, Intel, Eaton, Google, Dell, Boeing and China Construction Bank.
“We are very happy with our accomplishments in China,” said Robert Wilkins, president of Danfoss, North America. “It’s particularly important for us to be influential in this market because many of US customers are expanding their operations into China. It’s part of our business philosophy to be present close to our customers’ operations.”
Danfoss has made a long-term commitment to China and to its sustainable economic growth through increased energy efficiency. The company employs close to 3,000 people in five wholly-owned factories and one joint venture as well as 8 sales offices throughout the country.
The Business Watch ranking is intended to discover and exhibit new business strategies, business model innovations and development trends among a variety of industries. Companies listed in this year’s ranking represented a wide variety of industries.