Business Chief APAC+ANZ Magazine July 2017 | Page 19

5 . Do you have any expansion plans in Asia ?
SUSTAINABILITY AT SCHNEIDER ELECTRIC
across the East Asia region , including the “ ASEAN 10 ”: Brunei , Cambodia , Indonesia , Laos , Malaysia , Myanmar , Vietnam , Singapore , Thailand and The Philippines , as well as Mongolia , South Korea and Taiwan .
5 . Do you have any expansion plans in Asia ?
“ Asia Pacific is now our second largest region and contributed 27 percent of Schneider Electric ’ s global revenue for Financial Year 2016 .
“ In 2015 , Schneider Electric announced 65 million euros ( S $ 102 million ) worth of new investments in Singapore . From a technology perspective , the investment comes at a time when Asia is going through unprecedented growth in technology adoption and connectivity , driven by smart urbanisation , industrial automation and the rise of the Internet of Things ( IoT ).
“ Schneider Electric ’ s investment in this region helps governments and industries leverage new technologies to achieve efficiencies – most importantly energy efficiencies . Reliable and safe energy is a cornerstone to sustainable urbanisation and it plays a key role in the quality of the lives of urban dwellers . With our investments , Schneider Electric is establishing a Software Industry Solutions Centre and a Software Regional Hub that will support organisations in Singapore and around the region with energy management , automation and software technologies .
“ We are excited because this is a real opportunity for Schneider Electric to help chemicals , food and
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