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• New casting facility for turbine blade and vane components
• Company name Advanced Airfoil Components
• USD130 million investment will create up to 350 new jobs
• Shipment of initial components in 2018

Siemens and Chromalloy Gas Turbine Corporation have entered a partnership to form a new joint venture called Advanced Airfoil Components. The primary scope of the company will be turbine blade and vane cast components for power generation. Both partners are investing approximately USD130 million in combined value to create a new production facility. This investment will create up to 350 new jobs in the United States. The groundbreaking of the new manufacturing facility is scheduled to take place later this year. The location is being finalized and multiple southern states are under evaluation. The facility is scheduled for completion in the fall of 2018. The stand-alone manufacturing plant will supply only to Siemens. Start-up part qualifications and production shipments are in process at Chromalloy's existing facility.

Michael Sen, member of the Managing Board of Siemens AG, will – additionally to his current duties – now be responsible for Siemens Gamesa Renewable Energy within Siemens' Managing Board. Until recently, Sen was a member of the management team of Europe's largest energy supplier and acquired extensive expertise in the management of listed equity investments. Sen is also responsible within Siemens' Managing Board for the company's healthcare business and its global services unit.

• Biggest-ever contract in Qatar
• Contract for 35 substations received from KAHRAMAA
• Project supports country's ambitions for a reliable power transmission network

State-owned utility Qatar General Water & Electricity Corporation (KAHRAMAA) has awarded Siemens the largest contract to-date in Qatar for the expansion of the country's power transmission network. As part of the deal, valued at EUR790 million, Siemens will deliver 35 turnkey super and primary substations for Phase 13 of the Qatar Power Transmission System Expansion project. This marks a significant milestone for Siemens, which has maintained involvement in every stage of the project since Phase 4. Completion is scheduled in two years' time.

• Siemens is using Digital Enterprise to drive forward the digitalization of its industrial business
• Electric motor plant in Bad Neustadt an der Saale is being developed as a showcase factory for digital applications in metalworking
• "Arena of Digitalization" presents digitalization solutions from the plant in Bad Neustadt an der Saale in an exhibition space covering over 800 square meters
• "Arena of Digitalization" is a clear commitment to the Bad Neustadt an der Saale location

Siemens is one of the world's leading providers of automation, control and electric drive technology for industry. Electric motors for industrial use have been manufactured at the Siemens site in Bad Neustadt an der Saale for 80 years. Digitalization is playing an increasingly important role at this site. For this reason, the plant is going to be developed as a showcase factory for digitalization in metalworking. In the new "Arena of Digitalization" covering an area of more than 800 square meters, Siemens is now showing customers and partners how digitalization is used in metalworking and motor production and what results can be achieved with it. In addition, using its own development and the way production has grown over many years as an example, the showcase factory demonstrates how digitalization already offers advantages in terms of productivity and efficiency for the discrete manufacturing industry.

• Siemens high power charging system charges current and future electric vehicles in less than ten minutes for a 100 kilometer range
• Simultaneous charging of up to three electric vehicles
• Support for main charging standards CCS, CHAdeMO and Type 2

With an output of 150 kilowatts, the new generation of the Siemens high power charging system is capable of charging current and future electric vehicles with voltages of up to 920 volts. This means that a charging time of just ten minutes will enable electric vehicles to travel distances of over 100 kilometers. Up to three electric vehicles in compliance with the main charging standards CCS, CHAdeMO and Type 2 can be charged in parallel.

• Revenue rose 6% compared to Q2 FY 2016, to €20.2 billion, including a strong performance by short-cycle businesses, and orders were €22.6 billion, up 2% despite a high basis of comparison including orders totaling €3.1 billion in Q2 FY 2016 in Egypt; the book-to-bill ratio was 1.12
• On a comparable basis, excluding currency translation and portfolio effects, revenue rose 5% and orders increased 1%
• Strong margin expansion in nearly all industrial businesses due to strong operational execution, and a €138 million positive effect from pension plan amendments, took Industrial Business profit margin up to 12.1%
• Industrial Business profit climbed 18% year-over-year, to €2.5 billion
• Net income was level at €1.5 billion, despite a higher income tax rate and a lower contribution to net income from discontinued operations; basic earnings per share (EPS) of €1.79 compared to €1.78 in Q2 FY 2016
• At the end of Q2 FY 2017, Siemens acquired all shares of Mentor Graphics Corporation (Mentor Graphics) and, at the beginning of Q3 FY 2017, closed the merger of Siemens' wind power business with Gamesa Corporación Tecnológica S.A. (Gamesa)

"We delivered another strong team performance and continue to outperform the markets. In the second half of the fiscal year, we will focus on duly integrating Mentor Graphics and on a successful start of Siemens Gamesa Renewable Energy, while keeping a close eye on our operational performance. And there is more work to do."

• Memoranda of Understanding to cooperate in the areas of power supply, industry, transportation and healthcare
• Focus on infrastructure investments and partnerships between public and private sectors
• Participation in "Make IT Alliance" to promote start-ups and technology companies in Africa

Siemens will work more closely with the African countries Uganda and Sudan in the areas of power supply, industry, transportation and healthcare. The African states signed the corresponding Memoranda of Understanding (MoU) at the World Economic Forum 2017 in the South African city of Durban. The documents were signed in the presence of Brigitte Zypries, German Federal Minister for Economics and Energy, Joe Kaeser, President and Chief Executive Officer of Siemens AG and further high-ranking personalities.

• Heat and power for the eastern districts of Germany's capital
• Fuel efficiency rating of 90 percent
• Long-term service agreement
• Gas turbine from Siemens’ Berlin Manufacturing Plant

Siemens has received an order to build a new cogeneration plant in the Marzahn district of Berlin. The company will act as general contractor for the energy utility company Vattenfall Europe Wärme AG to erect this natural-gas fired combined-cycle power plant with district heat extraction. The centerpiece of the plant will be its gas turbine, which will be manufactured at Siemens' gas turbine plant in Berlin’s Moabit district. Scheduled to begin operation in 2020, this cogeneration facility will produce electric power while simultaneously supplying the east side of the German capital with district heating. The plant has an electrical generating capacity of 260 megawatts (MW) and a thermal capacity of 230 MW. The plant will contribute significantly to sustainably reducing Berlin's CO2 emissions. The order awarded to Siemens also comprises a long-term service agreement covering the gas turbine-generator set.