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Hong Kong – An Effective Platform For Launching Investments Into China

Hong Kong – An Effective Platform For Launching Investments Into China. Peter Yam Chairman Emerson Electric (China) Holdings Co., Ltd. “Hong Kong Forum” - November 12th , 2002. Agenda. Introduction To Emerson Emerson‘s Investments I n China T he Role That Hong Kong Played

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Hong Kong – An Effective Platform For Launching Investments Into China

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  1. Hong Kong – An Effective PlatformFor Launching InvestmentsInto China Peter Yam Chairman Emerson Electric (China) Holdings Co., Ltd. “Hong Kong Forum” - November 12th , 2002

  2. Agenda • Introduction To Emerson • Emerson‘s Investments In China • The Role That Hong Kong Played • Future Outlook

  3. Emerson Corporate Overview • Founded In 1890 • Headquartered In St Louis, Missouri, USA • One Of World’s Largest Industrial Companies • 60 Industry-leading Divisions • 300 Manufacturing Locations In 150 Countries • 120,000 Employees • Global Sales Exceed US$15.5 Billion In 2001 Mr. Charles F. Knight Chairman Emerson Electric Co.

  4. 2001 Sales By Business Group ( $15.5 Billion In Total) Electronics & Telecommunications 23% Appliance & Tools 22% Process Control 21% HVAC 15% Industrial Automation 19%

  5. Earnings And Dividends Per Share 1956-2001 Earnings Per Share – Declined In 2001, First Time In 44 Years Dividends Per Share – Continuous Increase In 45 Years USD

  6. Emerson China Overview • Started Doing Business In China In Late 1970s • First Direct Investment Began In 1992 • Today, China Is Emerson’s Biggest Business Partner In Asia • Second Only To U.S. In Sales In ‘02 • Current Infrastructure: • 30 Legal Entities • 27Manufacturing Operations In 10 Locations (7Joint Ventures, 20 Wholly-owned Subsidiaries) • Over 12,000 Employees

  7. The Role That Hong Kong Played Emerson’s Investment Decision Process: • Data Collection And Comparative Analysis • Site Visits And Interviews • Strategy Formulation And Final Recommendation • JV vs. Wholly-owned • Planning And Implementation • Timeline And Resource Allocation

  8. Looking Back - What Did We Do Right • Hong Kong As RHQ In Making Investment Decisions • Vice-chairman Posted To HK - Speed Up Decision Process • Shenzhen Chosen As 1st Investment LocationWith Support From HK • Early Success Gave Us More Confidence • Shenzhen Investment Worked As A Show Room, Helped To Attract Subsequent Projects Hong Kong Served As An Effective Launch Pad

  9. Current Status Of Investments In China • 27 Factories In Place, 12,000 Employees • Hong Kong Served As IT Hub Connecting China To ROW • Hong Kong Leads The Efforts In The Following Functions : • Procurement And Logistics • Treasury • HR • Lean Manufacturing, Six Sigma • M&A • IPR And Legal

  10. Future Outlook • WTO Is Bringing Changes, Competition And Opportunities • Investment Strategies Are Changing • Engineering And Development Centers In China • Procurement And Logistics • Human Capital • China Strategy No Long A Standalone One • Integral Part Of A Global Strategy Hong Kong Will Continue To Have A Key Role To Play

  11. Emerson . Consider It Solved Thank you！

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