Siemens has received its first order from Panama for six SGT-800 gas turbines. The industrial gas turbines, along with a steam turbine, will provide approximately 440 megawatts of electrical power as part of a flexible combined cycle power plant. This could cover the power demand of approximately 1.9 million residents of Panama. Siemens' customer is the Chinese general contractor Shanghai Electric Group Co. Ltd., which is responsible for building the overall plant. The end customer is the independent power producer Martano, Inc. Commissioning for the power block is scheduled for the fall of 2020.
- Siemens to equip the Hungarian line Százhalombatta - Pusztaszabolcs
- 26 km long two-track line
- Planned commissionning expected by December 2020
The National Infrastructure Developing Private Company Limited has commissioned Siemens to equip the Hungarian line Százhalombatta - Pusztaszabolcs. Siemens will provide train control system type Trainguard 200, including installation of European Train Control System (ETCS) Level 2 and one Radio Block Center (RBC), as well as 2 electronic signal boxes type Trackguard Simis IS. This new order encompasses 6 railway crossings type Wayguard Simis LC, the entire electricity supply, assembly and telecommunications. The planned commissionning is expected by December 2020.
- Dual sensor operation with 4 wire sensor connection
- Automatic redundancy switching for lossless recordings
- Wide range of hazardous approvals
- Versatile use in chemical, oil and gas, marine and power generation applications
With Sitrans TH320/420 and TR320/420, Siemens introduces a new generation of reliable HART (Highway Addressable Remote Transducer Protocol) temperature transmitters for a wide range of sensor types suitable for mounting in sensor head and rail mounting. They feature high availability of the measurement signal and ease of use. Due to the safety integrity level (SIL) 2/3 certification according to IEC 61508 the temperature transmitters are particularly suited for safety-critical applications. The devices also have a large number of country specific explosion protection certificates for all zones. They provide reliable results even under extreme conditions up to -50°C. Main application areas include industries such as chemical, oil and gas, marine and power generation.
We released our second quarter results for fiscal year 2018 on May 9, 2018. The Conference Call for journalists and the Analyst Call were broadcast live.
- Revenue was €20.1 billion, nearly unchanged from Q2 FY 2017, and orders were also strong at €22.3 billion, 2% below the high basis of comparison a year earlier which included a substantially higher volume from large orders; the book-to-bill ratio was 1.11
- On a comparable basis, excluding currency translation and portfolio effects, revenue was level and orders declined by 1%
- Industrial Business profit of €2.3 billion and Industrial Business profit margin of 11.0%; strong performance led by Digital Factory, held back by a sharp decrease in profit and profitability at Power and Gas
- Net income of €2.0 billion included a €0.7 billion profit from Centrally managed portfolio activities; basic earnings per share (EPS) increased to €2.39, up from €1.75 in Q2 FY 2017
- The successful initial public offering (IPO) of Siemens Healthineers AG included the float of a 15% interest in the business
"Most of our businesses, primarily our digital offerings, showed impressive performance and operationally more than offset structural challenges in fossil power generation. By raising our guidance, we demonstrate our commitment to the company’s capability to master structural change and shape digital industry."
Mitsui Rail Capital Europe (MRCE), a full-service locomotive leasing company, has ordered 136 Vectron type locomotives from Siemens in total. MRCE therefore owns one of the biggest Vectron fleets. In March 2018 Siemens and MRCE have agreed to found a joint venture for the maintenance of locomotives. Together, the companies will not only maintain the MRCE fleet, but also reliably service and guarantee the maximum availability of third-party fleets with their innovative maintenance technologies. Both partners are jointly investing in the joint venture, primarily to build a new workshop for locomotives. The groundbreaking ceremony is planned for the current calendar year. The new workshop is scheduled to open in the summer of 2019.
- Safe, attractive and comfortable work environment increases productivity
- Digital natives have increased workplace expectations; building technology is crucial for the image of a building and its rentability
- Significantly higher net operating results through superior rentability and lower energy and operating costs
Under the name Premium Office, Siemens is introducing a modular solution of building technologies and services for distinctive office buildings. Premium Office leverages the digitalization of building technologies to transform office buildings into smart high-performance office landscapes. Premium Office offers facility managers, building owners and investors a competitive advantage in the office market and gives building users an attractive place to work.
- Framework agreement for restructuring at Power and Gas (PG) and Process Industries and Drives (PD)
- Cost reduction targets retained, job cuts unavoidable
- At the same time, a future pact for shaping the structural transformation
- Siemens establishes future fund for further qualification of employees
Following intensive exploratory talks, Siemens has reached an agreement with its Central Works Council and the IG Metall labor union regarding a future pact for the digital transformation. The pact defines the framework for the restructuring measures currently required at the Power and Gas Division (PG) and the Process Industries and Drives Division (PD) and is thus the basis for the negotiations that are now beginning regarding a reconciliation of interests and a social plan.
- Siemens to deliver 20 Vectron MS and five Vectron DC
- Delivery beginning at the end of 2018
- MRCE Vectron fleet growing to 136 locomotives
Mitsui Rail Capital Europe (MRCE), a full-service locomotive leasing company, has ordered a further 25 Vectron locomotives from Siemens. Ten of these units will be multisystem Vectron locomotives, used for operating across Europe from the Netherlands to Southeast Europe, and will be delivered at the end of 2018. Ten further Vectron MS locomotives are planned for service on the Rhine-Alps Corridor, and will be delivered in the second half of 2019. Five additional units will be equipped as direct-current locomotives (Vectron DC) and are to operate exclusively in Italy. Delivery of these five is planned beginning in March 2019.
- In the future, Legal and Compliance will be assigned to President and CEO Joe Kaeser
- Andreas Christian Hoffmann will become new General Counsel and head of the Legal and Compliance Department, effective January 1, 2014
Peter Solmssen will resign from the Managing Board of Siemens AG by mutual agreement, effective December 31, 2013. A member of the Managing Board since October 2007, Solmssen has served as General Counsel and head of the Legal and Compliance Department. In the future, the Managing Board area Legal and Compliance will be assigned to President and CEO Joe Kaeser. Andreas Christian Hoffmann will be the new General Counsel and head of the Legal and Compliance Department. He will report directly to the President and CEO.