3i is the Siemens-wide program that promotes, implements and rewards employee ideas and initiatives. What is a good 3i idea? It is one that identifies "what" should be improved, outlines "how" something can be improved and explains "why" the idea's implementation will be a real improvement for our customers, employees and/or Siemens itself.
- Booth slogan: "Digital Enterprise – Implement now"
- The time for implementation has arrived: Focus on industry solutions
- Practical examples and applications demonstrate competitive advantages gained by merging the virtual and real worlds
- MindSphere-Version 3.0 on Amazon Web Services (AWS)
At the Hannover Messe 2018, Siemens will be showcasing a comprehensive series of examples which demonstrate how users can harness the potential of Industrie 4.0 by implementing Digital Enterprise solutions. The focus of the 3,500-square meter booth in Hall 9 is on industry-specific implementation of Digital Enterprise solutions over the whole life cycle. Examples from aerospace, automotive, food and beverage, electronics and machine building as well as the chemical, fiber and oil and gas industries illustrate how companies of any size and from any industry can increase their competitiveness with individual digital solutions – through greater flexibility, efficiency and quality as well as shorter times to market. MindSphere Version 3, concrete use cases and references from Siemens and partners such as OEMs as well as the new global user organization MindSphere World will all be presented in the 700-square meter MindSphere Lounge. Siemens will also be demonstrating how producers can already benefit now from industrialized additive manufacturing, and showcasing Sidrive IQ, the new digital platform for the MindSphere-based evaluation of drive data. Also featured on the Siemens booth will be integrated solutions for industrial enterprises and infrastructure projects in the power utility sector, with the focus on smart energy management using MindApps.
- New research from Siemens Financial Services (SFS) identifies six key challenges facing manufacturers in the process of moving to an Industry 4.0 model
- Entitled Practical Pathways to Industry 4.0, the report finds that digital skills and access to finance for digital transformation are the top two challenges to a successful transition
- Without access to appropriate and sustainable third-party finance, manufacturers face a challenge to make the digital transformation needed to remain competitive
Siemens Financial Services (SFS) has released a new research paper which investigates the key challenges facing manufacturers across the globe, as they move to implement Industry 4.0. A digitalized, automated, Industry 4.0 world offers the ability to digitally link people, machinery and systems. For manufacturers, this provides a number of benefits such as improved efficiency, pre-emptive maintenance to improve up-time and closer collaboration as a result of digital data flows.
- From February 5-9, Siemens will present concrete solutions for ways that companies and investors can shape the digital future.
- Digitalization opens up huge potential for small and mid-sized companies in the manufacturing industry – with productivity gains of up to 10 percent.
- In the energy and infrastructure markets, efficiency gains are used to attain a large degree of sustainability.
- These efforts will require extensive investments, which are made easier with innovative financing solutions like pay-per-outcome financing, software financing and project financing.
During the opening session of Siemens Finance Week in the Siemens Technology and Application Center in Erlangen, about 60 decision-makers from small- and medium-sized enterprises learned about the potential of digitalization and ways that new, customer-centric business models can be introduced with the help of financing solutions. The Company Barometer prepared by the German Chambers of Commerce and Industry shows that 68 percent of small and medium-sized enterprises in Germany see opportunities for new digital business models. The optimization potential is enormous: In the manufacturing industry alone, according to the results of a Siemens Financial Services white paper, productivity can be boosted by up to 10 percent through continued digitalization. Figures from the United Nations Committee on Trade and Development (UNCTAD) indicate that this would amount to business volume of approx. €650 billion globally and €60 billion in Germany.
Siemens held its Annual Shareholders' Meeting at the Olympia Hall in Munich on January 31, 2018.
We released our first quarter results for fiscal year 2018 on January 31, 2018. The Press Conference and the Analyst Call were broadcast live.
- Shareholders ratify acts of Managing and Supervisory Boards by large majorities
- Dividend proposal of €3.70 per share accepted
Jim Hagemann Snabe is the new Supervisory Board Chairman of Siemens AG. At today's constituent meeting of the new Supervisory Board, the 52-year-old software expert was elected to succeed Gerhard Cromme. Gerhard Cromme's term of office as Chairman and member of the Supervisory Board expired at the conclusion of the 2018 Annual Shareholders' Meeting. A member of the Supervisory Board since 2003, he had been its Chairman since 2007.
- Orders rose 14% to €22.5 billion and revenue was up 3% at €19.8 €billion, including strong growth contributions from Mobility and Digital Factory and new business particularly resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica, S.A.
- Book-to-bill ratio rose to reach 1.13, the highest ratio since booking of large Egypt orders in Q2 FY 2016
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 7% and revenue grew 1%
- Industrial business profit at €2.2 billion, down 14% due mainly to a sharp decline in Power and Gas which more than offset excellent performance in the short-cycle businesses and Mobility; current quarter impacted by negative currency effects while Q1 FY 2017 benefited from a portfolio gain; Industrial business profit margin at 11.0%
- Net income rose 12% to €2.2 billion; the current period included a largely tax-free gain from the sale of shares in OSRAM Licht AG and benefited from sharply lower income tax expenses due mainly to the revaluation of future tax positions following U.S. tax reform; basic earnings per share (EPS) increased to €2.68 from €2.41 in Q1 FY 2017
"The first quarter underlines the strength of our company. We take advantage of the growth momentum of the global economic upturn and set benchmarks in industrial digitalization. We clearly understand our opportunities and we know what we have to do."
On January 24, 2018, the most powerful high-voltage direct-current (HVDC) transformer began its journey from the transformer factory in Nuremberg, Germany, to China. The transformer will first be transported to the harbor in Nuremberg by special heavy load transporter, where it will be loaded onto a ship. Its journey will take it to Rotterdam via the Main-Danube Canal, and from there it will be shipped to China, where it will arrive after several weeks on the high seas. In July 2016, Siemens received an order to manufacture four transformers of this type. About a year later, the world’s first 1,100 kV transformer was completed and successfully passed the tests in the testing facility. The enormous dimensions of the transformer – 37.5 meters long, 14.4 meters tall, and 12 meters wide – posed a logistical challenge for the team. In operation, the transformer weighs just under 900 tons and its efficiency is well above 99% of the rated power. For the first time, the transformer will enable a high-voltage direct-current (HVDC) transmission with low losses over a record distance of 3,284 kilometers with a transmission capacity of 12 gigawatts. HVDC transformers are part of the converter station that convert alternating current into direct current at the beginning of the transmission line and convert it back again at the end of the line. The conversion from alternating current to direct current helps to transmit energy over long distances with low losses. Transformers are key components of an HVDC line: Thanks to the transformer, the Changji-Guquan project will be able to transmit direct current with a huge 1,110 kilovolts for the first time in the world. The new transformer not only makes the transmission of this record voltage level possible, but it is also the world’s most powerful tested transformer with a capacity of 587 megavoltamperes. Siemens has thus achieved a new dimension in high-voltage direct-current transmission. The HVDC line between Changji and Guquan will be operated by State Grid Corporation (SGCC), a Chinese grid operator. The connection is expected to begin operation in 2019.