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Schneider Electric Forms Joint Venture in China
November 1, 2007
Schneider Electric has finalized the formation of Delixi Electric, its new 50/50 joint venture in China for low-voltage products.   ; The joint venture will be focused on the manufacturing, marketing and distribution of low-voltage products to the Chinese market. It will also expand its business model into targeted countries.   ; Delixi employees about 14,000 employees across China.   ; Schneider has 112,000 employees and operations in 190 countries. It had sales of & euro; 13.7 billion in 2006.