APC 1998 Annual Report Download - page 17

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Please find page 17 of the 1998 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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15
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Tracking the major trends in our markets,
responding quickly, securing the skills and resources
for the future, cutting our costs to become even more
competitive--these are our daily challenges.
>
To respond faster, we are strengthening our global
presence by setting up subsidiaries, upgrading our
production facilities, forming joint-ventures, and acquiring
companies that offer a good strategic fit. This is a carefully
planned, long-term approach that enables us to seize
opportunities and build lasting solutions. Schneider Electric
has achieved a healthy balance in its global operations
and sales to industries with different cyclical patterns.
Today, we derive 40% of our revenues from renovation
and maintenance, two activities that are relatively immune
to business cycle fluctuations.
Photos from Schneider Electric’s international advertising campaign.
>
Everything we do is focused on creating value--first,
for our customers, by establishing collaborative
relationships of trust through our technologies, services,
and competitiveness; second, for our people, because our
performance is closely tied to their skills and commitment;
third, for our shareholders, because our competitive growth
and profitability help ensure a sustainable return
for their investment.