Emerson Chairman Attends the 2009 International Consulting Conference on Development in Jiangsu

Illustrating the new opportunities and ideas for Jiangsu’s industrial restructuring in the context of the international financial crisis

NANJING, JIANGSU, September 9, 2009 — David N. Farr,  chairman,  CEO  and  president  of  Emerson ( NYSE: EMR ),  attended  the  2009  International Consulting Conference on Development  in  Jiangsu here today, sharing the new opportunities and ideas for Jiangsu’s industrial restructuring in the context of the international financial crisis.  Farr was invited as an economic  advisor  since  2005  by  the  provincial government.   Farr indicated that the current economic situation is more  severe  than  previous  recessions.   Although China  has  also  been  hit  by  the  global economic downturn,  its economy  is  performing relatively well compared to other economies and is showing signs of recovery.  The economic stimulus package has been well done and very targeted.   Talking about  Jiangsu’s industrial restructuring  and economy recovery, Farr expressed that, there are both opportunities and challenges, Emerson appreciates that Jiangsu government has strategies and plans to  strengthen the key industries  in  the province,  and understands  the  government’s goals  in  setting  its sights  on  new sectors  to  restore economic growth.

From Emerson’s development milestone and its experiences dealing with financial crisis, Farr also gave suggestions  on  encouragement of innovation,  enhancing the development  of  local enterprises, adopting the available energy efficiency standards and further investment in education.

Emerson  is  a  global technology and engineering leader,  developing  and  delivering  innovative solutions for customers worldwide in commercial,  industrial  and  consumer markets.   China is among the fastest-developing regions of Emerson’s businesses.  Since 2002, China has been the second largest market for Emerson next to the US. Emerson’s China business began in the late 1970s  with  a  technology transfer program.   Today,  Emerson has more than  40  legal entities.  Moreover, Emerson has also established more than 10 engineering centers in various locations.

Jiangsu is a strategic location and an important province in China for manufacturing and high value-added industries.  Emerson considers Jiangsu as an important operation base and market in China and  Asia Pacific region.   Most  of  Emerson’s  business groups  have  been  invested  in  Jiangsu.  Emerson Climate Technologies, Emerson Process Management and Emerson Network Power have invested manufacturing or engineering facilities in Suzhou and Nanjing.

Sponsored by the Jiangsu government, the International Consulting Conference on Development in Jiangsu  is  held  every  two  years  and  attended  by  executives  from  the  world’s  Fortune  500 companies,  as well as experts from around the world.  The event  this  year  aims  to  discuss the challenges and opportunities for Jiangsu in response to the global financial crisis.

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