- Innomotics, a leading supplier of
motor and large-drive systems, has launched with a new brand identity
- As of July 1, 2023, Innomotics has
become a separately managed Siemens subsidiary in Germany
- Global carveout is on track and is to
be largely completed by October 1, 2023
- Operating headquarters are in
Nuremberg, Germany, for the new company, which employs about 15,000 people
globally and generates more than €3 billion in revenue
Innomotics has
launched in Germany as a separately managed legal entity as of July 1,
2023. Under a single roof, the supplier of motors and large drives brings together
business activities with low- to high-voltage motors, geared motors,
medium-voltage converters and motor spindles as well as project and service
offerings for this product portfolio. The company’s operating headquarters are
located in Nuremberg, Germany. The carveout in Germany has now been completed. The
global carveout is also to be largely completed by the beginning of the new
fiscal year on October 1, 2023. In the future, Innomotics will comprise the previous
corresponding businesses from the units Large Drives Applications and Digital
Industries, as well as the separately managed Siemens companies Sykatec and
Weiss Spindeltechnologie. Worldwide, around 15,000 people are working at
Innomotics to realize growth potential and thus secure the company’s future market
success as a trailblazing specialist for motors and large drives.
- 6.8 percent stake transferred to Siemens
Pension-Trust e.V.
- Transfer strengthens Siemens’
pension assets in Germany
- Move reduces Siemens’ consolidated
investment in Siemens Energy AG from 31.9 percent to 25.1 percent
Siemens AG has transferred a 6.8 percent stake in Siemens Energy AG
to Siemens Pension-Trust e.V. on June 28, 2023. As a result, Siemens
AG’s stake in Siemens Energy AG declines to 25.1 percent. With
this move, Siemens is executing its previously announced plans to reduce its investment
in Siemens Energy. By transferring the shares to Siemens Pension‑Trust
e.V., Siemens is strengthening its pension assets in Germany.
- Ramp up of global investment in new high-tech factories,
innovation labs and education centers to expand leadership in digitalization, automation
and sustainability
- Total investments
of €2 billion mainly in manufacturing capacity expansion to be disclosed this year
- Following investments in Germany and
in the U.S., Siemens expands its production network and R&D capacities in Asia
- New high-tech factory in Singapore announced
today to serve growing markets in Southeast Asia
- Expansion of digital factory in
Chengdu to boost further
growth in China
- Additional investments in Europe and U.S. to be
announced
To boost future growth, drive innovation and increase
resilience, Siemens today presented its investment strategy which includes €2
billion mainly for new manufacturing capacity as well as innovation labs,
education centers and other own sites. Siemens today announced a new high-tech factory in
Singapore, to serve the booming Southeast Asia markets.
- Siemens has partnered with UN Women Germany through the African Girls Can Code Initiative (AGCCI) to train girls and young women in Africa in digital and further skills
- Hybrid event in Johannesburg kicks off the training program that starts operation now and will benefit over 600 young women across South Africa, Kenya, Senegal, Rwanda and Uganda.
- Siemens has made €780,000 available to enhance employability and will provide laptops to all participants in order to support coding camps focused on digital literacy, coding, personal development and work readiness skills.
- In the context of a comprehensive 6-month mentoring program “SieMent EmpowHer,” developed by Siemens South Africa, the young women will spend a whole day with their experienced female mentors from around the world.
Siemens has partnered with United Nations (UN) Women Germany
for an upskilling program of more than 600 young African women in South Africa,
Kenya, Rwanda, Senegal, and Uganda. The joint initiative was launched in April 2022.
Now, the first round of workshops has started. A hybrid event, hosted by
Siemens South Africa, will kick off the African Girls Can Code (AGCCI) coding
camp and the SieMent EmpowHer mentorship program.
We have released our second quarter results for fiscal year 2023 on May 17, 2023. The Press Conference Call and the Analyst Call have been broadcast live.
- Several records in Q2 2023, including impressive margin increases and all-time highs in profit for Digital Industries and Smart Infrastructure, as well as another record order backlog
- At €23.6 billion, orders reached a very high level (Q2 2022: €21.0 billion)
- Revenue rose 15 percent on a comparable basis to €19.4 billion(Q2 2022: €17.0 billion)
- Profit Industrial Business surged 47 percent to €2.6 billion (Q2 2022: €1.8 billion)
- Net income nearly tripled to €3.6 billion (Q2 2022: €1.2 billion)
- Excellent free cash flow all-in at Group level totaled €2.3 billion (Q2 2022: €1.3 billion)
- Outlook for revenue growth and earnings per share pre PPA effects raised again
Siemens continued
its strong growth momentum also in Q2 2023 (ended March 31, 2023). The
quarter was characterized by very strong order intake, outstanding revenue
growth driven by substantial increases at Digital Industries, Smart
Infrastructure and Mobility, and higher Profit Industrial Business, including
sharp increases at Smart Infrastructure and Digital Industries, which both
achieved their highest-ever quarterly profit. Following the strong first half of fiscal 2023, Siemens
is again raising its outlook for the fiscal year.
- Together for Sustainability – an initiative of 47 chemical companies – chooses Siemens’ “Sigreen” solution for digital exchange of Product Carbon Footprint (PCF) data
- Pilot project aims to demonstrate the scalability of PCF data exchange across an entire industry
- Chemical industry is a pioneer in product-related environmental data
Together for Sustainability (TfS) and Siemens are announcing a partnership on decarbonization to advance the overall sustainability of the chemical industry. TfS is a global initiative to promote sustainability in the chemical industry’s supply chain, consisting of 47 international companies, including some of the largest chemical groups. Siemens, a leading technology company and supplier of automation and industrial software, will leverage the power of its Sigreen solution, a tool to track and manage product carbon footprint (PCF) and part of the Siemens Xcelerator portfolio.
- Siemens Arts Program engaging for first time in Alexandria, Egypt, with a production of Mozart’s opera “Don Giovanni”
- German-Egyptian education project set to provide fresh momentum for opera tradition in Alexandria
- Don Giovanni premiering at Bibliotheca Alexandrina on May 18, 2023
Siemens
intends to further expand its cultural commitment in Egypt and is supporting an
exceptional opera production in Alexandria for the first time. Together with
the German cultural institution Goethe-Institut, the Egyptian conductor Nayer Nagui
and the Bibliotheca Alexandrina library, the Siemens Arts Program is making the
Egyptian premiere of Mozart’s “Don Giovanni” possible. The performance will
take place at the Bibliotheca Alexandrina at 7 p.m.
on Thursday, May 18, 2023.
- World premiere of “Industrial Operations X” for highly flexible industrial processes; plus new use cases with “Building X” – a scalable digital platform for buildings
- Offerings part of Siemens Xcelerator – an open, digital business platform
- German Chancellor Olaf Scholz to visit Siemens’ booth, D53 in Hall 9
Strained
supply chains, geopolitical uncertainties, skilled-labor shortages and climate
change are increasing the pressure to digitalize and automate value chains –
always with the aim of becoming faster, more adaptable and more resilient. For
this reason, Siemens will use “Accelerate Transformation” as its motto for
Hannover Messe 2023, where it will be showcasing how new offerings from its open,
digital business platform, Siemens Xcelerator, enable customers’ digital
transformation in industry and infrastructure faster and at scale. Using the
concrete example of an industrial plant for battery production, Siemens will
show how to rapidly transform production facilities to enable manufacturing
operations that are digital from end to end. In addition, the Siemens Digital
Experience Platform enables virtual visits to the Siemens booth – which, at a
total of 2,800 square meters, is Hannover Messe’s largest.