STEKI plans to significantly expand its market share in emerging countries. Over the next five years, all of STEKI's businesses will grow faster in emerging countries than in local markets. Strong economic growth in emerging markets has generated huge demand in industrial and other sectors.
To take advantage of market opportunities, STEKI has significantly expanded its presence in emerging markets. Emerging markets remain the engine of global growth. STEKI has strong local business promotion and products suitable for the local market, and this excellent market positioning will allow us to achieve above average market share in the development of the local market. To expand STEKI's lead, we are further promoting product development for emerging markets and strengthening local value creation.
As a supplier of industrial automation equipment, STEKI has business areas such as industrial clutch brakes and their control systems, providing a locally adapted business portfolio to meet the needs of emerging markets. These products are not only more cost-effective, but also more responsive and accurate, so they will create more value for customers.
Over the past few years, STEKI has achieved above-average growth in emerging markets. STEKI not only plans to boost its business growth in Brazil, Russia, India and South Africa (BRIC) and the Middle East, but also to expand further in Chile, Indonesia, Mexico, Colombia, Poland, South Africa, Thailand, Turkey and Vietnam.
We firmly believe that the right value orientation will enable STEKI to develop into an integral part of the emerging market economy, and we are committed to working with our customers to achieve sustainable development.
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