Tyco Flow Control, the world's largest valve producer, aims to achieve significant growth in China in the coming years, driven by strong demand from the country's booming industry says a senior company official.
$quot;Our aim is to continue growing in double digits,$quot; Jan van Ooijen, president of Tyco explains, $quot;We should, at least, grow as fast as or faster than (China's) GDP growth.$quot; The US valve maker, a division of Fortune 500 company Tyco International, will pursue $quot;a fair mix$quot; of organic growth and acquisitions to drive its business in China, which it identifies as one of its key markets. Ooijen explains further, $quot;We are focusing on four or five emerging markets at present. And China is a crucial piece of our parcel.$quot;
The US-based company has just opened a service centre in Shanghai, its first in China. $quot;This is the first such service centre in China and more are going to come in different areas in the next couple of years,$quot; said James S. Pomeroy, vice-president of Tyco Flow Control's Communications Department.
Located in Shanghai Chemical Industry Park in the city's suburban Jinshan District and covering 2,500 square meters, the service centre will offer maintenance and spare parts replacement services.