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Thyssenkrupp CEO Miguel Angel Lopez Borrego has reaffirmed the German industrial company’s long-term commitment to the Chinese mainland by announcing a significant investment of 1 billion yuan ($137.8 million). In an exclusive interview with CGTN, Lopez Borrego highlighted China’s rapid manufacturing advancements and its crucial role in the global supply chain.
“China’s manufacturing capabilities have evolved tremendously over the years,” Lopez Borrego stated. “Our investment is a testament to our confidence in the market and our desire to be part of its growth story.”
Discussing China-Germany relations, he emphasized the importance of collaboration between the two nations. “Strong ties between China and Germany are essential for technological innovation and economic progress,” he said. “We believe that working together will lead to mutual benefits and a stronger global economy.”
Lopez Borrego also touched on the impact of tariffs on global supply chains. “Tariffs create uncertainties and disrupt the flow of goods,” he explained. “It’s vital for countries to work towards reducing trade barriers to ensure a smooth and efficient supply chain worldwide.”
Thyssenkrupp’s latest investment signals a strategic move to bolster its presence in the Chinese mainland and leverage the region’s manufacturing prowess. The company aims to enhance its production capabilities and strengthen partnerships within the local market.
Concluding the interview, Lopez Borrego expressed optimism about the future. “We are excited about the opportunities ahead and remain committed to contributing to China’s industrial advancement,” he affirmed.
