Company sees largest growth due to China’s urbanization and green sector

China’s massive urbanization and green transformation has helped Danfoss, Denmark’s largest industrial group, to report its strongest growth in six years in 2016, according to its China president.

Danfoss China turned out 4.25 billion yuan ($617 million) in sales revenue last year, up 10 percent from 2015, outperforming the group’s other regions. Danfoss worldwide registered 39 billion yuan revenue in 2016, up 3 percent year-on-year.

“China is our second-largest market, after the United States. Danfoss has benefited from the increasing demand in infrastructure, food supply, energy efficiency, and climate-friendly solutions as the country’s urbanization and green transformation goes on,” said Kjeld Stark, president of Danfoss China.

Such growth is of great significance, according to Stark, given that the Chinese economy is slowing down in growth rate. “It indicates that the real economy has responded to the government’s call for green restructuring, promising an exciting future for energy efficiency, environmental protection and green industries.’’

In recent decades, China has experienced the world’s largest and fastest urbanization in history, with the

Danfoss has benefited from the increasing demand in infrastructure, food supply, energy efficiency...” Kjeld Stark, president of Danfoss China the sales revenue of Danfoss China last year

urbanization rate reaching 57.35 percent in 2016, said Fan Hengshan, deputy secretary-general of the National Development and Reform