Danfoss feels right at home

Company sees largest growth due to China's urbanization and green sector

China's massive urbanization and green transformation has helped Danfoss, Denmark's largest industrial group, to report its strongest growth in six years in 2016, according to its China president.

Danfoss China turned out 4.25 billion yuan ($617 million) in sales revenue last year, up 10 percent from 2015, outperforming the group's other regions. Danfoss worldwide registered 39 billion yuan revenue in 2016, up 3 percent year-on-year.