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70 Press releases
Munich and Tokyo, Jan 07, 2015
Mitsubishi Heavy Industries, Ltd. (MHI) and Siemens AG today announced the closing of their joint venture in the field of metallurgical industry. The new company is named Primetals Technologies, Limited and headquartered in London, UK. With this joint venture both partners are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry.
Munich, Dec 18, 2014
When fed into medium-voltage power grids, large loads of renewable or other decentralized energies – which are generated when winds are strong or the sun is very bright – can produce short circuits that endanger the power supply. Superconducting network technologies can ensure reliable grid operation even under these conditions. Siemens is installing a superconducting fault current limiter (SFCL) of the so-called resistive type at Stadtwerke Augsburg, the municipal utility in Augsburg, Germany, that is designed to solve precisely this problem. Development work and installation in the utility's medium-voltage power grid are to be completed by the end of 2015. The superconducting fault current limiter will then be field-tested.
Constance, Dec 18, 2014
Siemens has been contracted to design, supply, install and commission an integrated parcel sorting system for the Singapore Post's (SingPost) new Regional eCommerce Logistics Hub. The contract includes 15 years of spare parts supply and maintenance services and has a two digit million order volume. The sorting system is planned to be completed in summer 2016.
Munich, Dec 04, 2014
In fiscal 2014, Siemens filed 4,300 patent applications – a year-over-year increase of nine percent. In addition, the company intends to boost investments in research and development (R&D) by around €400 million. In fiscal 2014, R&D expenditures totaled roughly €4 billion. Twelve Siemens researchers and developers who together account for more than 900 inventions and 842 granted individual patents played a leading role in the company's success. They were honored by Siemens as Inventors of the Year 2014 in Munich on December 3.
Munich, Dec 03, 2014
The Siemens Managing Board is establishing a Siemens Technology & Innovation Council (STIC). Comprising internationally experienced and respected experts from the research and scientific communities, the Siemens Technology & Innovation Council will closely support the Managing Board in systematically analyzing and monitoring strategic topics in the areas of technology and innovation. The council will focus, in particular, on developments, innovations and technologies that will have an impact on Siemens' business over the next ten years. Peter Gruss has been appointed to head the expert panel. He will also steer its orientation and composition.
Gerd von Brandenstein, Peter Gruss and Berthold Huber have announced that they will resign from the Supervisory Board of Siemens AG, effective the end of the Annual Shareholders' Meeting on January 27, 2015. As of the spring of 2015, Gruss will head the new Siemens Technology & Innovation Council (STIC) that is being established by Siemens' Managing Board. The council will closely support the Managing Board in systematically analyzing and monitoring strategic topics in the areas of technology and innovation.
The Supervisory Board of Siemens AG has elected Birgit Steinborn, Chairwoman of the company's Central Works Council, to the position of Deputy Chairwoman of the Supervisory Board. She will succeed Berthold Huber, who has been IG Metall's representative on the Supervisory Board since July 2004 and the Board's Deputy Chairman since January 2009. Huber has announced that he will resign from the Supervisory Board of Siemens AG, effective the end of the Annual Shareholders' Meeting on January 27, 2015. Steinborn will assume the position of Deputy Chairwoman of the Supervisory Board at that time. The employee representatives have requested that Reinhard Hahn be nominated to succeed Huber by court appointment.
Ho Chi Minh City, Nov 20, 2014
Ho Chi Minh City (HCMC) could generate economic benefits of 1.4 billion US dollars by investing in making its transportation system more resilient in extreme weather conditions, a study released by Siemens and Arup today shows. Calculations based on a review of HCMC's transportation network illustrate that – without intelligent solutions – its traffic congestion is estimated to have a direct cost to the city's economy of approximately $97 billion between 2015 and 2045.
Berlin, Nov 06, 2014
Siemens AG reached its goals for the fiscal year ended September 30, 2014, thanks to a solid fourth quarter. Net income was €5.5 billion compared to €4.4 billion for the prior year. Total Sectors profit climbed 26 percent to €7.3 billion, fueled by strong profit improvements at Industry and Infrastructure & Cities. "We delivered the results we originally promised for fiscal 2014 and made substantial progress in strengthening our portfolio. Vision 2020 gives us clear strategic direction going forward," said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Siemens is selling Siemens Audiology Solutions to the investment company EQT and Germany's Strüngmann family of entrepreneurs as co-investor for €2.15 billion plus an earn-out component. Due to the very attractive offer made by the two investors, Siemens has decided not to further pursue preparations for the public listing it announced in May.