- 25th customer for the Vectron
- Planned for freight transport in Austria, Germany and Switzerland
- Equipped with diesel power module
Siemens has just won its 25th customer for the Vectron locomotive: The rail freight operator Railcare has ordered seven locomotives of this type from Siemens. The contract also includes service and maintenance of the locomotives over a period of eight years. The AC-powered Vectron locomotives will be used to haul freight in Germany, Austria and Switzerland. The 6.4-MW locomotive has a top speed of 160 kilometers an hour.
- Supplier Innovation Award for the new ICE 4
- Innovative traction concept with power cars
- New type of train control system
Deutsche Bahn honored Siemens today as its most innovative supplier. The Supplier Innovation Award was presented by Rüdiger Grube, CEO of Deutsche Bahn (DB), for the new Intercity ICE 4. Siemens was recognized for its development of a completely new vehicle concept that offers great operating flexibility. With this concept, DB can easily adapt to changing route requirements and passenger needs over the train’s entire lifecycle.
Our world is becoming increasingly digitalized – influencing everything from our communication with one another to the way we develop, produce and consume goods and services. The digitalization megatrend has not bypassed the rail sector. Siemens has kept pace here, too, and was exhibiting at the Innotrans 2016 with a focus on the digital transformation of rail transport.
- Focus on the fields of energy, transport and intelligent cities
- Goal is to create employment, support development of local small and medium-sized enterprises, and train future engineers and technicians
- Letter of intent signed today in the presence of Minister of Economic Affairs Gabriel and President Macri
The Argentinean Ministry of National Production, the Argentinean Investment and Trade Promotion Agency and Siemens intend to cooperate closely in the future. At the Argentinean Business Investment Forum in Buenos Aires, Joe Kaeser, CEO of Siemens AG; Lisa Davis, member of the Siemens AG Managing Board; Francisco Cabrera, Argentinean Minister for Production; and Juan Procaccini, Executive Chairman of the Argentinean Investment and Trade Promotion Agency, signed a corresponding letter of intent. Argentinean President Mauricio Macri and German Minister of Economic Affairs Sigmar Gabriel were on hand for the signing. The agreement sets out the intent to develop solutions in the fields of energy, transport and intelligent cities.
- U.S.$6.0 billion with maturities of three, five, seven, ten and thirty years
- Total investor demand reached U.S.$12.0 billion
- Broad investor base attracted, mainly investors in the U.S.
- Rating agencies continue to give Siemens high credit rating
Siemens has successfully placed another large U.S.$ bond issuance following last year's U.S.$7.75 billion transaction. It was the company's third bond placement in the U.S. capital market. In a transaction that ended yesterday, Siemens issued bonds with a total value of U.S.$6.0 billion and maturities of three, five, seven, ten and thirty years. Due to the very high demand, the company obtained very favorable interest-rate conditions for all maturities. At the time of price fixing, the interest rate premium over comparable U.S. government bonds averaged 10 basis points below the initial indication at the beginning of the marketing period. The proceeds of the issuance will be used for general corporate purposes including the refinancing of matured and outstanding debt.
In various areas Siemens is committed to helping refugees. In spring 2015 the eight week internship program started and has now been extended to 14 locations. Siemens is also offering six-month special training courses. These courses encompass intensive language instruction as well as pre-vocational training in the areas of mechanics and electronics. The goal is to enable the participants to get an apprenticeship training position. Siemens Real Estate is making space available on a temporary basis at 15 different locations throughout Germany, among these locations are Munich and Erlangen. Countless employees all across Germany have also offered their help and participated in a wide range of donation and aid campaigns.
- 1,900 apprentices begin professional careers with Siemens
- Training increasingly focused on digitalization
- Fifth year of international Europeans@Siemens initiative
- Refugees begin training after completing preparatory classes
Around 1,900 young people will be starting their professional careers at the beginning of the new training year. Around 20 percent of them will prepare for careers in business administration, and 80 percent will complete apprenticeships or work-study programs in technical fields and IT. Roughly one-third of the training positions are in the work-study education programs. Participants in these programs earn a bachelor’s degree (Bachelor of Engineering, Science or Arts) as well as the graduation of the German Chamber of Industry and Commerce (IHK) degree. In 2016, Siemens will also be celebrating a special anniversary of its vocational training program: The first year of training began 125 years ago. Since the first “trainee corner” was established in 1891, Siemens has developed over 160,000 young men and women in technical and business professions.
- Largest private cogeneration project to date for Siemens in Mexico
Siemens has received an order to supply an
H-class gas turbine, one SST-800 steam turbine and two associated generators as
well as four switchgear units for the Altamira combined cycle cogeneration
power plant in Mexico. The entire power plant will have an electrical capacity
of around 350 megawatts (MW) and will also provide process steam, making this
the largest private cogeneration project to date for Siemens in this country.
In total, Siemens has now received orders for seven
H-class gas turbines from Mexico, including this order. Siemens’ customer is
the Mexican company Avanzia Instalaciones. The end customer is Alpek S.A.B. de
C.V., a subsidiary of Grupo Alfa, S.A. de C.V. Commissioning of the overall
facility is scheduled for end of 2018.