Fortive increasing investment, localization efforts

Fortive Corp is increasing its investment and localization efforts in China, particularly in the manufacturing, energy and electric vehicle sectors, as it seeks to capitalize on the country's rapidly evolving consumer market and industrial transformation, said a company executive.

"The company has seen remarkable achievements in the country in core areas like manufacturing, medical, energy and transportation against the backdrop of China's in-depth implementation of its innovation-driven development strategy and industrial upgrade," said Jasper Ang, president of Fortive Asia.

"While there will always be cycles of ups and downs, we see significant long-term opportunities in China, which is why we are committed to continuing our investment in the country," he said on the sidelines of the China International Import Expo held in Shanghai last week.