Heraeus, Ingersoll, Other Foreign MNCs Show Off New Green, Low-Carbon Products at CIIE
Xu Huiyun | Miao Qi
DATE:  Nov 08 2023
/ SOURCE:  Yicai
Heraeus, Ingersoll, Other Foreign MNCs Show Off New Green, Low-Carbon Products at CIIE Heraeus, Ingersoll, Other Foreign MNCs Show Off New Green, Low-Carbon Products at CIIE

(Yicai) Nov. 8 -- Foreign multinationals such as Heraeus Group and Ingersoll Rand are showcasing their latest green and low-carbon technology applications as well as new energy products and management tools at the China International Import Expo, with a view to seizing the business opportunities and growth points offered by China’s rapid green transformation.

Heraeus has completed its layout in China’s new energy sector, Ai Zhouping, president of the German chemical and precious metals giant’s China arm, told Yicai. Construction of its plant in Pinghu, Zhejiang province has begun and it is expected to come on stream early next year. 

The plant, which is part of the Hanau-based company’s global precious metals recycling program, will recover metals from used vehicle catalysts, Ai noted. Moreover, Heraeus intends to set up a global hydrogen energy research and development center in Shanghai, he revealed.

“We see market opportunities that have prompted us to speed up our layout,” Ai said.

Ingersoll Rand has started receiving intent orders for some new products the US air compressor maker launched at previous editions of the CIIE, Li Fanfgang, vice president of strategic marketing and product management for the Asia-Pacific region, told Yicai. The new high-speed maglev blower developed by Ingersoll’s Chinese team debuted at this year’s CIIE.

The global demand for air compressors is rising, and the supply chain has a tendency to shift to China, Li noted, adding that Montvale-based Ingersoll has benefited from that.

“We hope to introduce advanced technologies and new products from Europe to China simultaneously through the CIIE,” Wang Yunfeng, senior marketing director of Bosch Home Comfort China, a leading provider of smart, sustainable, and energy-efficient solutions for heating, cooling, comfort, and process heat, told Yicai.

Bosch Home Comfort China debuts new products at each CIIE, and this year’s will be produced at the Shanghai factory from next summer, Wang said.

Regarding the diverse needs in the Chinese heating market, Wang noted that the exchanges the company is having at the CIIE can help it hear more feedback from local buyers and determine the localization solutions for European products and technologies in China.

Dutch management and technology consulting firm BearingPoint is exhibiting its carbon emissions calculator at this year’s CIIE. It helps firms calculate the carbon emissions of products or services throughout their life cycles in the stages of raw material use, production process, transportation and distribution, use, and disposal. It can also calculate emissions from business trips, staff commutes, as well as customer and visitor traffic.

The calculator will be introduced to the Chinese market and widely promoted to Chinese customers, said Zhang Xiaoqing, head of BearingPoint China’s automotive and industrial manufacturing, consumer, and retail businesses.

Climate is an important factor that Chinese firms need to consider, especially those in the new energy vehicle industry that are stepping up efforts to expand overseas, Zhang told Yicai.

The sixth CIIE, which began in Shanghai on Nov. 5, runs until Nov. 10.

Editors: Tang Shihua, Futura Costaglione

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Keywords:   CIIE,Heraeus,Ingersoll