New research from Siemens Financial services explains how manufacturers are in a race against time to gain competitive advantage from Industry 4.0 investment, before the “tipping point” of majority adoption. A must-read for future focused manufacturing financial managers, the Whitepaper explains how Finance 4.0 solutions are providing practical methods of helping companies to urgently invest in Industry 4.0 and gain early mover advantage.
On March 2nd, 2017, German Chancellor Angela Merkel, Egyptian President Abdel Fattah El-Sisi, Siemens CEO Joe Kaeser and further high-ranking representatives witnessed the symbolic inauguration of the first phase of Siemens' megaproject in Egypt. The event marked an important milestone towards the completion of the project.
In collaboration with the Egyptian Ministry of Electricity and Renewable Energy, Siemens and its consortium partners, Orascom Construction and Elsewedy Electric, announced on July 24, 2018 the completion of the Egypt Megaproject in record time. The parties celebrated the combined cycle commissioning and the start of operations at the Beni Suef, Burullus and New Capital power plants. The stations will add a total of 14.4 gigawatts (GW) of power generation capacity to Egypt's national grid, enough power to supply up to 40 million people with reliable electricity. With this milestone, Egypt and Siemens have set a new world record for execution of modern, fast-track power projects, delivering 14.4 GW of power in only 27.5 months. A single combined cycle power plant block with a capacity of 1,200 megawatts typically takes approximately 30 months for construction. For the Egypt Megaproject Siemens in parallel built twelve of these blocks in record time and connected them to the grid.
Following the delivery of several Siemens SGT5-8000H gas turbines, the first steam turbine for the Egypt Megaproject began its journey in December 2016 from the Siemens factory in Muelheim to the power plant Beni Suef in Egypt. The main components of the 670-ton cargo were lifted with a heavy-duty crane from the production hall onto a transport vessel standing by at the plant's inland harbor facilities. The vessel transported the SST-5000 steam turbine from Muelheim to the deep-water port of Antwerp where it was loaded onto a heavy cargo ship and transported to Egypt.
After the steam turbines installation, the waste heat from the gas turbines will be used to produce steam that will then drive the steam turbine, thus increasing the overall power output and efficiency of the power plant. In total, Siemens will deliver twelve SST-5000 steam turbines for the Egyptian power plants Beni Suef, Burullus and New Capital. All of these steam turbines will be manufactured at the Siemens factory in Muelheim.
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.