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Siemens began its activities in Argentina in 1857 by installing the country’s first telegraph system. The Company has been a key partner in the country’s development from the very beginning, taking part in the construction of Buenos Aires’ main thoroughfare (the 9 de Julio Avenue) and also building the iconic Obelisk. Today, over one-third of the energy consumed in Argentina is generated, transmitted and distributed with Siemens technology. Over the last two years, Siemens Argentina has invested around EUR 4 million in setting up its new offices in Munro, Buenos Aires.
In fiscal 2012 (October 1, 2011 – September 30, 2012), Siemens’ sales to customers in Argentina amounted to nearly EUR 370 million and new orders totaled more than EUR 539 million. Siemens currently has about 1,240 employees in Argentina.
The Company opened its first local office in 1908. Siemens Argentina recently reinforced its corporate social responsibility programs by launching and financially supporting “Siemens Fundación para el Desarrollo Sustentable de Argentina”. Through this foundation, Siemens is further reinforcing its long-term commitment to the country.
Major successes for the Power Transmission Division included the contract to build and equip the “El Cortaderal” transformer substation and provide gas-insulated switchgear (GIS) for the Pascua Lama mine, operated by the Barrick Gold Corporation. In the area of fossil energy, contracts were signed for the provision and assembly of equipment for the Brigadier Lopez and Ensenada de Barragan power plants.