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Schneider Electric sets up partnership in China for Low Voltage products

施耐德電氣在中國設立合資公司致力于低壓產品

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——施耐德電氣與德力西集團簽署合作協議，成立合資公司，致力于生產、推廣和銷售低壓產品。

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.

德力西集團是中國電力配送領域的領導廠商之一，在中國國內擁有大約1萬4千名員工。德力西品牌被認證為中國名牌之一。

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%.

該新的合資公司將命名為德力西電氣，一旦滿足前期條件和獲得常規批準，公司將馬上在浙江溫州成立。施耐德電氣持有公司的50％股份，德力西集團則持有另外的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."

施耐德電氣亞太運營部執行副總裁Russell Stocker評論道：“這項新的合作將為施耐德開辟一個全新的商業模式，通過合作伙伴帶來的價值在公司現有渠道基礎上，制定策略、拓展服務、增加解決方案。事實上，憑借自身獨特的超過1000家的龐大零售網絡，德力西電氣將在低壓電器產品市場提供獨立而完善的銷售。這將在施耐德電氣卓越的市場拓展模式之外，提供一個不同的盈利方式。”

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.

合資公司將致力于滿足中國市場的需要，并借助與施耐德電氣的專有合作，拓展其獨特的商業模式，進入其它目標國家市場。

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.

合資公司預計將在2007年建成投產，預計全年產值將達到2.2億歐元，息稅后利潤率約為10%，將雇用員工約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.

德力西電氣的商業模式將特別適用于在中國新興的城市發展領域奪得兩位數的市場增長，以及奪取出口其它快速發展國家的機會。

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

施耐德電氣預計本次合作在3年內將符合其資本投資回報（Return on Capital Employed）標準。

About Schneider Electric
關于施耐德電氣

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.

施耐德電氣公司是全球電力與控制專家。通過旗下三大國際著名品牌，梅蘭日蘭（Merlin Gerin）、美商實快電力（Square D）和TE電器（Telemecanique），施耐德電氣公司為能源與基礎設施、工業、建筑及民用住宅等市場提供著系列齊全的優質產品及服務。施耐德電氣2005年全球銷售額為117億歐元，在全世界130個國家擁有9萬2千名員工以及1萬3千多個銷售點。

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