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. Fortive's booth during the CIIE this year featured products and solutions in various sectors, including digital communications, EVs and advanced healthcare, many of which have been used in China's 5G base stations, ultra-high voltage charging piles, and other new infrastructure projects, all of which are the company's key growth sectors. "With China's growing demand for data processing and storage, Fortive is positioning itself to support this sector's development with advanced solutions in testing, measurement and energy management," said Ang.