- Significant expansion of Siemens' successful apprenticeship program in the United States
- Commitment to hire and train at least 300 U.S. military veterans per year over next three years, in addition to more than 2,500 already part of workforce
- Pledge of more than $2 billion in industry software grants to train students for nextgen manufacturing jobs
Siemens Joe Kaeser, President and CEO of Siemens AG, bolstered Siemens' strong commitment to strengthening American manufacturing during a meeting today at the White House with President Donald Trump.
Siemens has been in the U.S. for more than 160 years and it is now the company’s largest market. The company is using its global leadership in engineering and technology innovation to meet America’s toughest challenges. From efficient power generation to digital factories, from wellhead to thermostat, and from medical diagnostics to locomotives and light rail vehicles, Siemens in the United States delivers solutions for industry, hospitals, utilities, cities and manufacturers. Siemens’ next-generation software is used in every phase of product development, enabling manufacturers to optimize and customize equipment that touches American lives every day.
- Siemens' second-largest bond placement to date
- Financing of announced acquisitions and refinancing of outstanding and matured debt
- Credit rating unchanged
Siemens has successfully placed another large U.S.$ bond issue following last year's U.S.$6 billion transaction and a U.S.$7.75 billion transaction in 2015. It was the company's fourth bond placement in the U.S. capital market and its second-largest ever. The transaction was closed yesterday.
Eva Schulz-Kamm (45) will assume global responsibility for Government Affairs at Siemens on April 15, 2017. Schulz-Kamm is currently head of Political Affairs & Public Co-Creation at NXP in Hamburg.
- Booth slogan "Discover the value of the Digital Enterprise"
- Digitalization enhances flexibility, speed, efficiency and quality
- Innovations in power distribution, automation and drive technology as well as industrial software
- MindSphere extended to include partnerships, apps and interfaces
At the Hannover Messe 2017, Siemens will be demonstrating how industrial companies of all sizes can benefit from the digital transformation. The central focus of the 3,500-square meter booth in Hall 9 will be on the company's further extended portfolio for the achievement of end-to-end digitalization, known as the "Digital Enterprise". An array of examples from practice will allow visitors to experience applications and innovations demonstrating the competitive benefits to be gained by merging the real and the virtual worlds. These include greater flexibility, efficiency and quality as well as a reduced time-to-market. The examples on show range from smart energy management systems through customized food and pharmaceutical production to industrial-scale additive manufacturing based on innovative automation and drive technology. Siemens is also driving forward the expansion of its cloud-based, open IoT operating system MindSphere with the addition of new partnerships, interfaces and apps.
- Press conference ahead of the Hannover Messe on March 14 in Karlsruhe
- Press conference at the Hannover Messe with member of the Managing Board Klaus Helmrich on April 24
- Trade fair presentation under the banner "Discover the value of the Digital Enterprise"
- "MindSphere-Lounge" draws visitors into the Cloud
At an international press conference, due to be held ahead of the Hannover Messe 2017 on March 14 in Karlsruhe, Siemens will be offering a preview of its trade fair presentation and the company's latest solutions. Providing an insight into the company's planned business and technological orientation and into the latest product innovations being unveiled at this year's Hannover Messe will be the CEOs of the Digital Factory and Process Industries and Drives, Dr. Jan Mrosik and Dr. Jürgen Brandes, as well as Dr. Beatrix Natter, CEO of the Transformers Business Unit for Energy Management. In keeping with its theme for this year's fair, "Discover the value of the Digital Enterprise", Siemens will be showing ways in which companies of different sizes and in different industries can benefit from digitalization – through a shorter time-to-market, greater flexibility, and improved efficiency and quality.
The foundation stone of the future converter station was laid on the morning of February 23rd in Folkestone by Jesse Norman, Minister for Industry and Energy signalling the start of the construction work for high-voltage direct-current (HVDC) project ElecLink. Siemens has been awarded an order to supply a link between the French and British power grids by customer ElecLink Limited, a wholly owned subsidiary of Groupe Eurotunnel SE. The ElecLink high-voltage direct-current (HVDC) link will enhance power supply reliability in both countries and promote the integration of renewable energy sources into the power grid. ElecLink, when complete, will supply enough electricity to power more than 1.65 million typical households per year. The HVDC link between France and Great Britain has been designated as one of the European Commission's projects of common interest to help create an integrated European Union energy market.
- Next step in further improvement of competitive position
- Setup of standalone company under Siemens umbrella
Siemens is giving its mechanical drives unit (Mechanical Drives, MD) a new setup that will enable the business to operate more efficiently and flexibly in implementing its growth plans in a competitive environment. MD's market, which is dominated by medium-sized companies, is currently characterized by weak growth, increasing competition from the Asian region and overcapacities, with correspondingly high price pressure. To achieve greater room to maneuver and intensify its business-specific orientation, the unit is to be managed in the future as a separate company under the Siemens umbrella.
- 165,000 Siemens employees own company shares, up 12,000 from last year
- 49 percent of all eligible employees are also shareholders
- Siemens distributes €56 million in shares to employee shareholders
Of Siemens' 351,000 employees worldwide, nearly one in two is also a company shareholder. The number of employees holding Siemens shares increased eight percent to 165,000, compared to 153,000 in the previous year. This year, more than 131,000 employees – or 39 percent of all eligible employees – took part in Siemens' Share Matching Program, a very high figure compared to similar global share programs. Particularly noteworthy was the positive trend in North America and Asia: Participation in the U.S. alone increased by around 18 percent and even climbed by roughly 32 percent in China.
- Annual Shareholders' Meeting ratifies acts of Managing and Supervisory Boards by large majorities
Shareholders at Siemens' Annual Shareholders' Meeting have approved distribution of a dividend of €3.60 per share for fiscal 2016 as recommended by the Managing and Supervisory Boards. This dividend is ten cents more than for fiscal 2015. The Annual Shareholders' Meeting also ratified the acts of the members of the Managing and Supervisory Boards for fiscal 2016. The proposals on these and the other agenda items were approved by large majorities.