- Siemens supplies key components and long-term service for Sirajganj III combined cycle power plant
- Financial Services division provides up to USD80 million construction loan
Siemens Power and Gas (PG) Division recently received an order for the supply of key components for the Sirajganj III combined cycle power plant in Bangladesh providing a SGT5-2000E gas turbine and generator, as well as a long-term service contract for the project. Siemens' Financial Services Division (SFS) is contributing an up to USD80 million construction loan to support the project's successful and timely close. SFS is undertaking a primary/Mandated Lead Arranger (MLA) role in the transaction which is considered vital to the project's success. In addition, SFS demonstrated strong project support acting as one of only two international lenders participating in the Sinosure tranche. Sinosure is the national export agency of The Peoples Republic of China and provides export coverage to lenders to support long term lending in Bangladesh.
- Siemens Bank receives approval to operate as a merchant bank in Singapore
- Siemens becomes first industrial company to support its growth strategy in Asian and Australian markets with a local bank branch in Singapore
- Focus on project and structured finance lending business mainly in the business-to-business and business–to-government segments
The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.
- Siemens outlines innovative ways and approaches to boost large-scale capital in infrastructure financing
- Convergence of disruptive technology and public-private partnerships identified as key drivers of narrowing Asia's infrastructure gap
- The way forward lies in analyzing completed projects, establishing stable risk-sharing and making procurement more transparent
Increasing the bankability of developments is a key factor to narrowing Asia's infrastructure gap, according to speakers at the "Drivers of Infrastructure Investment in the Asian Market" symposium organized by Siemens Financial Services (SFS) yesterday.
Siemens AG is constructing a modern and sustainably designed Siemens Campus Erlangen in the southern part of the city of Erlangen, Germany. By 2030, the company's research center in the south of the city will have been transformed step-by-step into one of Siemens' most advanced locations worldwide. Future-oriented office, research and laboratory jobs will be located on the campus. Equipped with the most advanced building and energy technologies, it will be developed over the long term into Siemens' first CO
2-neutral location worldwide. A new urban residential and living environment will arise on the campus grounds. Siemens will be part of the community as never before. Designed by the Frankfurt architects KSP Jürgen Engel Architekten, the campus's open plan will link the company and society and provide a basis for the exchange of ideas.
The construction project has a planned investment volume of some €500 million and will cover an area of 54 hectares. Siemens Campus Erlangen underscores the company's long-term commitment to its Erlangen location and will be a symbol of innovative power for employees and for the region. The project was planned and designed in close cooperation with the state of Bavaria and the city of Erlangen.
Siemens Financial Services (SFS) has released new research examining how global manufacturers are using innovative finance to seize market opportunities through digitalization and automation. Conducted among manufacturing finance managers in 13 countries, the study found that manufacturers across the world are reporting a need to invest in new-generation technology in order to meet four key sector challenges.These are: to increase production capacity and flexibility to meet changing demand and drive sales; to improve client service quality while reducing production costs; to improve competitive positioning through improved product quality and broader product range and to optimize efficiency, cost control and manufacturing agility through automation and digitalization.
Together with Munich Mayor Christian Ude, Siemens President and CEO Peter Löscher has laid the foundation stone for the company's new headquarters building, which will be completed on Wittelsbacherplatz in Munich by the end of 2015. The future inner-city complex will provide employees with a 21st-century working environment and be freely accessible to the general public at ground level. Siemens has set the highest standards for sustainability for its new headquarters, and will fulfill the criteria for minimum energy consumptions in buildings.