Siemens AG (SI)

**greencat** · #1 10-07-2009, 02:54 PM

Siemens AG
Wittelsbacherplatz 2
Munich, 80333
Germany - Map
Phone: 49 89 636 34134
Fax: 49 89 636 33844
Web Site: Siemens AG - Global Web Site

DETAILS
Index Membership: N/A
Sector: Technology
Industry: Telecom Services - Foreign
Full Time Employees: 427,000

BUSINESS SUMMARY
Siemens AG, an electronics and electrical engineering company, operates in the industry, energy, and healthcare sectors worldwide. In the industry sector, the company’s portfolio ranges from industry automation and drives products and services to building, lighting, and mobility solutions and services, as well as includes system integration and solutions for plant business. It offers automation and drives, industrial solutions and services, transportation systems, Siemens building technologies, and OSRAM lighting solutions. In the energy sector, the company provides various solutions for the generation, transmission, and distribution of power, as well as for the extraction, conversion, and transport of oil and gas in the oil and gas industry. In the healthcare sector, it develops, manufactures, and markets diagnostic and therapeutic systems, devices, and consumables, as well as offers IT systems for clinical and administrative purposes. The company also provides technical maintenance, professional, and consulting services. In addition, Siemens AG offers IT solutions and services, primarily information and communications systems. Further, it provides financial products and services comprising commercial finance, equity and project finance, treasury and investment management, and project and export finance. Additionally, Siemens AG offers insurance solutions, such as claims management, as well as acts as a broker of company-financed insurances for employees on business trips and foreign assignments. It also has equity investments in Nokia Siemens Networks B.V., a telecommunications infrastructure company; and BSH Bosch und Siemens Hausgerate GmbH, a household appliance producer. The company, formerly known as Siemens & Halske, was founded in 1847 and is headquartered in Munich, Germany.
SI: Profile for SIEMENS A G ADR - Yahoo! Finance

**greencat** · #2 10-08-2009, 04:33 PM

CHARLOTTE, N.C., Oct. 8 /PRNewswire-FirstCall/ -- Siemens Energy, along with state and local public officials and a host of community leaders, celebrated the groundbreaking of the new 60,000-square-foot expansion project adjacent to the existing Siemens Steam Turbine-Generator Manufacturing Plant in Charlotte, North Carolina, today. Over the next five years, the company plans to invest a total of nearly $50 million and create 226 new engineering and manufacturing jobs at this location. The expanded facility, designed to achieve LEED Gold certification, will house engineering operations that will support the company's design, manufacture and service of power generation components.

Nearly 400 attendees and employees watched as Siemens executives and state and local dignitaries ceremonially turned the first spades of dirt during the event.

"The U.S. is and will continue to be one of the most important markets for Siemens, and we are proud to expand our operations in Charlotte, North Carolina," stated Randy Zwirn, president and CEO of Siemens Energy, Inc. "We've had a large presence in the Charlotte area and in other areas in North Carolina for 40 years now, and it was our first-hand knowledge of the excellent business environment here that convinced us to expand our investment further. Charlotte is definitely an emerging energy center of excellence and we owe many thanks to the State of North Carolina and the City of Charlotte for their ongoing dedication to our business success. We look forward to our next 40 years in Charlotte."

Siemens Energy currently employs 780 workers at its 550,000-square-foot Charlotte manufacturing facility, an operation that has been in place for 40 years.

"Our Charlotte operation is a critical part of Siemens Energy global manufacturing network, serving not only the U.S. but other regions in the Americas as well," said Dr. Michael Suess, CEO of the Siemens Energy Fossil Power Division. "We have manufacturing locations strategically positioned all over the world in order to best serve our customers with solutions that are delivered more quickly and cost efficiently."

Siemens Energy supplies the power systems that provide one-third of the nation's electricity, and through this expansion in Charlotte, Siemens will be able to continue bringing efficient and competitive power generation solutions to U.S. and Americas-based customers. Siemens employs nearly 10,000 people in the energy sector and 69,000 people overall in the U.S. covering the energy, healthcare and industry sectors.

The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2008 (ended September 30), the Energy Sector had revenues of approximately EUR22.6 billion and received new orders totaling approximately EUR33.4 billion and posted a profit of EUR1.4 billion. On September 30, 2008, the Energy Sector had a work force of approximately 83,500. Further information is available at: Siemens Energy.

Siemens Breaks Ground on New Facility Expansion in Charlotte, North Carolina - Yahoo! Finance

**greencat** · #3 10-12-2009, 12:33 PM

Million Senior Secured Credit Facility to Windy Point Partners II, LLC.
Deal Supports Windy Flats Wind Farm Project Expansion

Source: Siemens Financial Services, Inc.
On 8:00 am EDT, Monday October 12, 2009

ISELIN, N.J., Oct. 12 /PRNewswire-FirstCall/ -- Siemens Financial Services, Inc. (SFS Inc.) announced today that it has provided a $178 million senior secured credit facility to Windy Point Partners II, LLC, an affiliate of Cannon Power Corporation, for its expansion of the Windy Flats wind project located in Klickitat County, Washington. The funds are being used to expand the project with additional Siemens wind turbines and to recapitalize a portion of an existing credit facility.

"Providing the funding for this major wind project's expansion was particularly gratifying in that it allowed SFS to value-add Siemens technology to its financing solution and further underscores our overall commitment to support renewable energy," said Roland Chalons-Browne, president and CEO of SFS Inc. He continued, "With Siemens leading technology in this sector, SFS Inc. is ideally positioned to provide complete financial solutions for energy projects with Siemens customers."

"This is another significant milestone for Cannon and our Windy Point/Windy Flats projects," said Gary Hardke, president and managing director of Cannon Power Group.

"SFS Inc. continues to establish itself as a part of the wind financing community through deals such as the Windy Flats expansion project," said Kirk Edelman, Senior Vice President and General Manager of SFS Inc.'s energy finance team. "As the demand for wind power grows in the U.S., SFS Inc. will continue to support alternative energy projects with our flexible financial solutions."

About Siemens Financial Services

Siemens Financial Services is an international provider of financial solutions in the business-to-business area. With about 1,900 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, we support Siemens as well as non-affiliated companies, focusing on the three sectors of energy, industry and healthcare. We finance infrastructure, equipment and working capital and act as a competent manager of financial risks within Siemens. By leveraging our financing expertise and our industrial know-how we create value for our customers and help them strengthen their competitiveness. Further information: Home - Siemens Financial Services - Global - Siemens.

Siemens Financial Services, Inc. (SFS Inc.) the US unit of Siemens Financial Services is a leading provider of business-to-business financial services in the United States. SFS Inc. is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity, and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy, and industrial sectors by providing customized solutions that range from equipment financing and working capital to project and export finance, and insurance solutions. Further information on Siemens Financial Services in the United States: Home - Siemens Financial Services - Siemens.

About Siemens

Siemens AG (NYSE: SI - News) is a global powerhouse in electronics and electrical engineering, and operates in the industry, energy and healthcare sectors. For more than 160 years, Siemens has built a reputation for leading-edge innovation and the quality of its products, services and solutions. With 428,000 employees in 190 countries, Siemens reported worldwide sales of $116.6 billion in fiscal 2008. With its U.S. corporate headquarters in New York City, Siemens in the USA reported sales of $22.4 billion and employs approximately 69,000 people throughout all 50 states and Puerto Rico. For more information on Siemens in the United States, visit Siemens USA

Siemens Financial Services, Inc. Provides $178 Million Senior Secured Credit Facility to Windy Point Partners II, LLC. - Yahoo! Finance

**greencat** · #4 10-13-2009, 11:34 AM

(SI 97.64, +2.03, +2.12%) said Tuesday that its energy business has received six new wind turbine orders in North America worth a total of more than 600 million euros ($887 million). The order are for around 250 turbines, with a quarter destined for Ontario. The rest will installed in California, Oklahoma, Washington and Wyoming. In total the onshore wind farms will have the potential to provide power to around 170,000 homes, the company said.

Siemens gets U.S. turbine orders worth $887 mln - MarketWatch

**greencat** · #5 10-15-2009, 01:01 PM

LONDON (MarketWatch) -- Siemens /quotes/comstock/13*!si/quotes/nls/si (SI 102.41, -0.46, -0.45%) /quotes/comstock/11e!fsie (DE:SIE 68.72, -0.12, -0.17%) said it's going to buy Solel Solar Systems for $418 million from investment firm Ecofin and another unnamed major shareholder. Solel is one of the world's two leading suppliers of solar receivers, which are key components of parabolic trough power plants. Siemens makes steam turbines for solar thermal power plants. Solel had almost $90 million in revenue during the first half.

Siemens to buy Solel Solar Systems for $418 mln - MarketWatch

**greencat** · #6 11-08-2009, 10:15 PM

Siemens chief pushes for green framework
By Daniel Schäfer in Munich

Published: November 8 2009 19:23 | Last updated: November 8 2009 19:23

Siemens’ chief executive on Sunday urged political leaders to create a global framework for a “green wave of industrialisation” at next month’s Copenhagen environmental summit, as he warned the world could not afford to fail to reach a deal.

Peter Löscher’s call came only days after a 175-nation meeting on climate change in Barcelona exposed a continuing rich-poor split and ended with little progress.

“We cannot afford to do nothing. My wish is that we come to a fair global framework,” said the head of Europe’s largest engineering group. “Green products are the lead technology of the 21st century. This is the third wave of industrialisation,” Mr Löscher said.

Mr Löscher’s words underscored how some of the world’s leading industrial companies view the influx of green technologies as a business opportunity.

Green technologies have a world market potential of more than €2,000bn (£1,792bn, $2,972bn) by 2020, according to research by Roland Berger, a German consultancy firm.

Siemens expected to increase sales of its range of green products, worth €19bn last year, at a double-digit rate for the next several years, even in the midst of this year’s economic crisis, said Mr Löscher. “The green revolution has started and by 2020, green technology will have surpassed the car industry as well as the engineering sector in Germany. Siemens will be at the forefront of this trend,” Mr Löscher said.

World leaders are set to meet in Copenhagen next month, where they will attempt to clinch a deal on the reduction of greenhouse gas emissions and other measures to avoid global warming. “The industry needs stability for investment, and long-term research and development,” Mr Löscher said.

FT.com / Global Economy - Siemens chief pushes for green framework