Schneider Electric sets up partnership in China for Low Voltage products

施耐德电气在中国设立合资公司致力于低压产品

Beijing, China, December 18, 2006 - Schneider Electric (Euronext: SCHN) signed an agreement with Delixi Group for the formation of a Joint Venture dedicated to the manufacturing, marketing and distribution of Low Voltage products.

北京12月18日消息——施耐德电气与德力西集团签署合作协议，成立合资公司，致力于生产、推广和销售低压产品。

Delixi Group is one of the local leaders in the Chinese electrical distribution field employing about 14,000 employees across China. Delixi is recognized as one of China's famous brands.

德力西集团是中国电力配送领域的领导厂商之一，在中国国内拥有大约1万4千名员工。德力西品牌被认证为中国名牌之一。

This new Joint-Venture will be named Delixi Electric and will be incorporated in Wenzhou (Zhejiang Province) as soon as the conditions precedent and regulatory approvals are satisfied. Schneider Electric will own a 50% interest in the company while Delixi Group will hold the other 50%.

该新的合资公司将命名为德力西电气，一旦满足前期条件和获得常规批准，公司将马上在浙江温州成立。施耐德电气持有公司的50％股份，德力西集团则持有另外的50％股份。

Russell Stocker, Executive Vice President, Schneider Electric Asia Pacific Operating Division, commented: "This new partnership will inaugurate a new business model for Schneider Electric which will add up to its existing approach based on prescription, services and solutions offering through value adding partners. Indeed, Delixi Electric will market independently a specific and complete offer of Low Voltage products, through a specific large network of more than 1,000 retail outlets. It will offer a different value proposition from Schneider Electric with a distinct market approach."

施耐德电气亚太运营部执行副总裁Russell Stocker评论道：“这项新的合作将为施耐德开辟一个全新的商业模式，通过合作伙伴带来的价值在公司现有渠道基础上，制定策略、拓展服务、增加解决方案。事实上，凭借自身独特的超过1000家的庞大零售网络，德力西电气将在低压电器产品市场提供独立而完善的销售。这将在施耐德电气卓越的市场拓展模式之外，提供一个不同的盈利方式。”

The Joint Venture will focus on addressing the Chinese market needs, and, through an exclusive relation with Schneider Electric, will also expand its specific business model into other targeted countries.

合资公司将致力于满足中国市场的需要，并借助与施耐德电气的专有合作，拓展其独特的商业模式，进入其它目标国家市场。

The Joint Venture is expected to generate in 2007, on a pro-forma basis, revenues of around €220m on a full year basis with an EBIT margin of approximately 10%. It would employ around 4,000 persons.

合资公司预计将在2007年建成投产，预计全年产值将达到2.2亿欧元，息税后利润率约为10%，将雇用员工约4,000人。

Delixi Electric's business model will be particularly adapted to capture the double-digit market growth in China's new urban development areas and to seize export opportunities in other emerging countries.

德力西电气的商业模式将特别适用于在中国新兴的城市发展领域夺得两位数的市场增长，以及夺取出口其它快速发展国家的机会。

Schneider Electric expects that this partnership will meet its Return on Capital Employed criteria within 3 years from completion.

施耐德电气预计本次合作在3年内将符合其资本投资回报（Return on Capital Employed）标准。

About Schneider Electric
关于施耐德电气

Schneider Electric is the world's power and control specialist. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric anticipates and satisfies its customers' requirements in the residential, building, industry and energy and infrastructure markets. With 92,000 employees and operations in 130 countries, Schneider Electric generated sales of €11.7 billion in 2005 through 13,000 distributor outlets.

施耐德电气公司是全球电力与控制专家。通过旗下三大国际著名品牌，梅兰日兰（Merlin Gerin）、美商实快电力（Square D）和TE电器（Telemecanique），施耐德电气公司为能源与基础设施、工业、建筑及民用住宅等市场提供着系列齐全的优质产品及服务。施耐德电气2005年全球销售额为117亿欧元，在全世界130个国家拥有9万2千名员工以及1万3千多个销售点。

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