Emerson Donation Helps Support Snowstorm-stricken Areas in China
Beijing, China(February 22, 2008) —Emerson (NYSE: EMR) recently announced a donation of RMB 500,000 to snowstorm-stricken areas in China, Including USD 50,000 (approximately RMB 358,000) from Emerson headquarters in the States, and donations from across Asia-Pacific and China of Emerson, doing their part for disaster relief by making active donations.
At the beginning of 2008, China experienced the heaviest snow storm in the past sixty years. The most severely affected areas included the provinces of Hunan, Guizhou, Jiangxi, Anhui, Hubei, Guangxi and Sichuan. Shortly before the Chinese New Year, the Ministry of Commerce contacted Emerson inquiring about possible aid to affected areas in south China. The company immediately assembled a team of executives and began making arrangements for disaster relief. As a good corporate citizen, Emerson contributes to disaster relief efforts to help needy people and communities.
It is worth mentioning that the power facilities supplied by Emerson Network Power, a division of Emerson, performed without fault throughout the disaster and succeeded in meeting the challenge of the snowstorm and winning customer recognition. The company’s power facilities played important roles in withstanding the storm and ensuring power supply in numerous locations.
“We thank employees from Emerson and its divisions for their effort to fulfill our duty as a good corporate citizen and give back to society. I expect that we will continue bringing caring and warmth to people in disaster-stricken areas,” said Peter K Yam, president of Emerson Greater China.
Emerson participated in previous disaster relief efforts and plans its support in the future. For example in September 2005, Emerson donated USD 400,000 (approximately RMB 3.32 million) to areas affected by hurricane Katrina. In 2004, after the of tsunami in south Asia, David N. Farr, chairman, CEO and president of Emerson, sent a letter to Emerson employees around the world, informing them that Emerson donated USD 250,000 (approximately RMB 2.075 million) as a primary relief effort. The company also set up a special initiative to promote employee donations to related rescue organizations, including the Red Cross. Emerson employees made generous donations, and the company made a matching contribution thereafter. Meanwhile, divisions of Emerson also supplied equipment (such as power systems) and technical support to the disaster-stricken areas.
In addition, Emerson has participated in China activities including the fight against the SARS epidemic and supported the Lifeline Express Foundation. The company also made donations to the earthquake areas of Jiangxi province and Project Hope in China.
Emerson will continue giving back to society in China and participating in community construction projects. While developing its business in China, Emerson is committed to fulfilling its corporate social responsibility and making contributions to the development of a harmonious society.
About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2007 were USD 22.6 billion. For more information, visit www.Emerson.com.