‘Made in China 2025’ seeks collaboration with Germany
14/06/2016
The term “Industry 4.0” is often used in Germany to describe the fourth industrial revolution, which is based on the increase in automation and data exchange in manufacturing. This includes cyber-physical systems, the internet of things and cloud computing. A statement from the China’s ministry of foreign affairs after the meeting said that both sides had shown a desire to link the two projects and promote greater cooperation between the initiatives.
The “Made in China 2025” initiative has stepped up its development in recent months with the acquisition of companies that specialise in automation technology. The latest example of this is the purchase of Gimatic, an Italian supplier of robotic tools, by Chinese-European private equity fund Agic Capital. The value of the deal exceeds €100 million ($112.6 million). It is a further step towards the initiatives target of transforming China from a low-cost production centre to a tier-one manufacturing location.
In January 2016, Agic Capital was part of a consortium led by state-owned China National Chemical Corp that acquired German company KraussMaffei Group,a specialist producer of plastics and rubber, for €925 million ($1 billion).
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