ITT CEO William - Taylor: foreign companies to join the army too early-ITT, water supply, China - Pump Industry

ITT CEO William - Taylor: foreign companies to join the army too early-ITT

, water supply, China - Pump Industry

Present, China has begun Energy Reduction " " In addition, the military enterprises are also listed as a whole green clearance. To have Sewage Treatment And other environmental technology, and defense technologies 500 U.S. IT T such companies, in the end mean what opportunity? Recently, ITT China President William? Taylor, in attending the "donor Mother Reservoir project signing ceremony", the view of these problems accepted the reporter an exclusive interview.

"China Times": ITT has begun distribution of the Chinese yet? China's business how much weight in the global business?

Taylor: ITT in China has invested 50 million U.S. dollars, is located in Shenyang in China's first "green factory" project has been successfully completed, the new plant in Nanjing has achieved zero discharge of wastewater; recently also awarded the National Stadium, the Central TV station The new site, Beijing Yintai Center and other major projects. However, China in our global business in a very small proportion, together with ITT EDO has just completed the acquisition in North America and Europe to expand its business, China business accounted for only 5% more, but the Chinese market prospects, business growth is quick.

"China Times": At present, the main business in China, ITT or in the water on, to disclose share of share of domestic water treatment business in it?

Taylor: precise to say that our main business technology use in the fluid, including waste water treatment. Which include three major areas of fluid technology accounted for 75% Electronic component And fluid control each of the remaining half. Our water business in China, a leading market share there, but inconvenient for specifically. What is certain is, ITT in China will be very active on the acquisition, the 2008 will have this result.

"China Times": ITT to water knocking on doors in China, while China has just implemented the "Foreign Investment Industrial Guidance Catalogue ", the key to encourage foreign investment in the development Cycle Economy, Cleaner Production . This is not a coincidence?

Taylor: Chinese market growing energy saving efforts, have advanced sewage treatment technologies for the enterprise, the opportunities are very large. ITT will seize this opportunity and practice of China, R & D and use of new technologies.

Now increasingly stringent environmental regulations in China, from the State Department to local governments attach great importance to energy conservation, new supply of water laws, such as new water quality standards on water companies to do, especially as the ITT This water equipment offers great business opportunities.

"China Times": ITT's technology is an industry leader, in what ways will enter the Chinese market? China able to market to the ITT for advanced technology?

Taylor: We have built a new plant in Shenyang have been put into operation a new plant in Nanjing, we will increase next year, a research and development center, can be said that the development of new technologies in water treatment. New plant in Nanjing, we not only produce products, but also design products. 2008, we will set up a new Project Centre. In the next few years, we hope to bring these advanced foreign design into the design for the Chinese mainland for the Chinese market Service .

"China Times": You said that the three operations in China, but only the lack of ITT's other key areas: defense and the success of EDO was recently acquired a large U.S. companies involved in defense; the Chinese military in the field opening up to more and more, military enterprises have also been listed as a whole released, ITT in China will have similar action?

Taylor: Just today, EDO announced its shareholders have approved our Cooperation , Two days after the transaction is expected 20 days to complete. However, at this stage, any talk about a U.S. company's ability to enter the Chinese military in the field, I think that is too early, not even business plans in this regard. ITT's strategy in China is to develop the commercial market. The first week of next year, ITT will announce the new strategy, please be patient.

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