On August 16, 2018, at the 54th-floor executive lounge of the Conrad Hotel in Xiamen, a key central city on China's southeast coast known as the 'Island of Egrets,' Mr. Dieter Stetter, President of Bauer Maschinen GmbH; Mr. Klaus Schwarz, President of Bauer Maschinen GmbH Far East; Mr. Marc Scheib, Executive Director of Bauer China; Mr. Li Mingde, General Manager of Sales for Bauer China; and Mr. Wang Liusong, Deputy General Manager of Sales for Bauer China, gathered with Bauer VIP users from the foundation construction industry across China, as well as senior executives from Bauer's financing support and other business partners in China. They enjoyed drinks together, discussed the development of China's industry, and explored future market operations, spending a pleasant and unforgettable evening. The company organizes a special reception every year for its esteemed VIP customers to thank them for their strong support of Bauer. 'Xiamen is an important city in southeast China and has also played an important role in the development of Bauer's business in China. Since the last Bauer China VIP Cocktail Reception, many changes have taken place in the global and Chinese economies and industries, and China's piling equipment market is no longer what it was. Driven by China's economy, demand for piling equipment in China has picked up again and entered a track of rapid growth. China is one of Bauer's most important markets globally, and China's actively promoted Belt and Road Initiative will also bring greater opportunities for Bauer's global development. Here, we hope to cooperate more deeply with Chinese users and grow together. Through the direct and close communication with users that this VIP cocktail reception provides, we can better understand users, better meet market demand, help create value, and achieve win-win results,' said Mr. Dieter Stetter, President of Bauer Maschinen GmbH, in his welcome speech. Bauer has a 27-year history of development in China. Over more than two decades, Bauer has used technology, products, and service solutions to help drive the continuous advancement of China's infrastructure construction. Looking at China's development over the past years, Bauer equipment, engineers, and service personnel have been present in countless large bridges, high-speed railways, subways, landmark buildings, and other fields.
From 2017 to the present, in the face of rapidly growing demand for piling equipment in China, Bauer has continuously introduced globally leading products to the Chinese market. With the support of its global system, Bauer holds a pivotal position in China's high-end, large-scale piling equipment sector. With products and technologies accumulated over decades, as well as unique construction experience, Bauer provides Chinese users with a distinctive value experience and higher returns.
'Thanks to market momentum in China and other places, Bauer's business has grown by 15% so far in 2018, with particularly outstanding performance in Asia. As an important part of the Asian market, the Chinese market and user value concepts are upgrading. The users present today are not only leading representatives of China's pile foundation construction field but have also made tremendous contributions to Bauer's success in the Chinese market. In the future, Bauer China will enhance its local product supply capacity in China, improve product cost-effectiveness, continuously strengthen its market position in China, and thereby bring greater value to users,' said Dieter Stetter.
During this event, to promote the continuous upgrading of China's pile foundation construction field, Bauer once again joined hands with VIP customers to present six major awards. Mr. Marc Scheib, Executive Director of Bauer China, read out the list of winners. Mr. Dieter Stetter, President of Bauer Maschinen GmbH; Mr. Klaus Schwarz, President of Bauer Maschinen GmbH Far East; and Mr. Marc Scheib, Executive Director of Bauer China, jointly presented awards to the winning companies.
'Thank you to Chinese users for their support and recognition of Bauer. In the future, Bauer will continue to work hand in hand with users, leveraging leading products and technologies and more complete solutions suited to the Chinese market, to achieve a win-win future,' said Dieter Stetter, looking ahead to future development. The VIP user gathering is a thank-you to customers who have made important contributions to the promotion of Bauer products and technologies in the Chinese market, and also a thank-you to all of Bauer's customers in China, represented by them. Bauer will, as always, continue to innovate, continuously improve all aspects of its work, provide higher-quality, more efficient, and more environmentally friendly products and technologies for China's foundation engineering industry, and help users create greater value.