In fiscal 2012 (October 1, 2011 – September 30, 2012), Siemens’ sales to customers in Venezuela amounted to more than EUR 435.2 million and new orders totaled almost EUR 487 million. Siemens currently has about 580 employees in Venezuela.

Siemens’ business in Venezuela began in 1935 with the construction of a supply system for the El Aguacatal hydroelectric power plant. In 1955, Siemens S.A. was founded in Caracas. Today, Siemens operates a branch in Maracaibo, and also has a broad distribution network in the country’s main industrial centers. Since 2008, Siemens S.A. Venezuela has been part of Siemens Austral-Andina, the regional organization that also includes Company operations in Colombia, Peru, Ecuador, Bolivia, Paraguay, Uruguay, Argentina and Chile.

Siemens obtained its first order for the Orinoco Belt, the biggest oil reserve in the world. The Industry Automation Division, in close collaboration with the Oil & Gas Division, obtained the contract for the construction of a 222-kilometer pipeline for the Suministro Falcón-Zulia (SUFAZ) Project. Siemens continued to increase its market share by getting closer to its customers. The Drive Technologies Division doubled its business volume through its distribution channels, in particular El Mundo del Motor.