Siemens targets more partnerships

German wants to further tap into deep experience of Chinese groups in the projects related to ECP

German engineering and electronics conglomerate Siemens AG wants to form more partnerships with Chinese power, energy and infrastructure companies to develop EPC projects along the Belt and Road Initiative, to further diversify its global sales, its head in China said.

EPC projects, or engineering, procurement and construction projects, are a common form of contracting arrangement in the construction industry.