At the 8th China International Import Expo (CIIE) in Shanghai, Swedish engineering and service company Alfa Laval reaffirmed its commitment to China, naming it their most important market.
CEO Tom Erixon and CFO Fredrik Ekstrom spoke with China Central Television (CCTV), emphasizing how crucial China is for Alfa Laval’s growth and its contribution to 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,” said Erixon.
“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,” Ekstrom added.
Erixon also noted how China’s Five-Year Plans have been key in guiding Alfa Laval’s long-term strategies, describing them as highly predictive of future developments.
Alfa Laval underscores China as vital to both its current business and future growth, seeing it as central to global energy transformation and strategic long-term planning.