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Press Release08 June 2018Process Industries and DrivesNuremberg
Siemens and Covestro strengthen strategic partnership as part of digitalization
Siemens AG and Covestro Deutschland AG have concluded a Joint Business Development Plan to provide further strategic reinforcement of their trust-based partnership of many years, particularly in the field of digitalization. This is based on the corporate ethos of the two companies which is both innovative and geared towards sustainability. The agreement therefore helps make life simpler and safer through continuous improvement and future-oriented products.
Siemens AG and Covestro Deutschland AG have concluded a Joint Business Development Plan to provide further strategic reinforcement of their trust-based partnership of many years, particularly in the field of digitalization. This is based on the corporate ethos of the two companies which is both innovative and geared towards sustainability. The agreement therefore helps make life simpler and safer through continuous improvement and future-oriented products.
The picture shows (from left to right): Dr. Klaus Schäfer, Chief Technology Officer, Member of the Executive Board, Covestro Deutschland AG and Eckard Eberle, CEO of the Business Unit Process Automation, Siemens AG.
Siemens at the Achema 2018
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
About Covestro: With 2017 sales of EUR 14.1 billion, Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017. Further information is available at www.covestro.com
