Siemens joined Gastech 2018, which took place in Barcelona, Sept. 17 – 20. In its 45th year, the world renowned event was a highly regarded gathering for upstream, midstream and downstream gas and LNG professionals. Siemens used the occasion to highlight its integrated Gas-to-Power (G2P) solutions, through which the company is playing an integral role in increasing utilization of natural gas—a highly abundant, cost-effective fuel—as a feed stock for power plants. Sessions featured Siemens speakers which are outlined below.
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 building technologies to be integrated across the Expo 2020 Dubai site, powered by and integrated into MindSphere
- 137 buildings will be connected via cloud-based energy analytics platform; one of the world's largest installations of Siemens Navigator
- Buildings in three Thematic Districts will be digitalized with smart building management system, Desigo CC
- Digitalized infrastructure will support Expo 2020 Dubai in meeting sustainability, comfort, safety and security targets
Dubai is on its way to creating one of the most connected and sustainable World Expos in history, as Siemens begins one of the world's largest installations of its building technologies at Expo 2020 Dubai. The digital solutions will connect, monitor and control buildings across the site with MindSphere, the cloud-based operating system for the Internet of Things, powering the collection and analysis of data for intelligent decision-making and actions. The smart technologies will support Expo 2020 Dubai's targets for energy efficiency, comfort, safety and security.
- Managing Board and Supervisory Board approve change as of January 1, 2015
- Current CEO Johannes Milde to continue serving in advisory capacity for some time to come
Siemens' Building Technologies Division will have a new CEO on January 1, 2015. Matthias Rebellius (49) is succeeding Johannes Milde (61), who is resigning as Division CEO at the end of this year. Milde will continue to support the company for some time to come.
Additive manufacturing has the potential to become a new key technology. For example it opens up new attractive prospects in the manufacture of gas turbines. This is why Siemens has been investing in this innovative technology right from its inception, and is now driving the industrialization and commercialization of these processes. Additive Manufacturing is a process that builds parts layer-by-layer from sliced CAD models to form solid objects. This enables highly precise solutions to be formed from powdered high-performance materials. Siemens is a pioneer in Additive Manufacturing and already uses the technology for rapid prototyping. Furthermore the company is now developing solutions ready for series-production for manufacturing gas turbine burner nozzles and repairing burner heads. Just recently Siemens achieved yet another breakthrough: the first gas turbine blades ever to be produced using Additive Manufacturing have successfully finished performance testing under full-load conditions.
The Supervisory Board of Siemens AG has extended the appointment of Managing Board member Lisa Davis (55) ahead of schedule. Her term of office will now continue until the end of October 2020. This move is a sign of continuity in the context of the implementation of the company's new Vision 2020+ strategy program. Her contract will subsequently extend automatically by one year until the end of October 2021, provided that neither Lisa Davis nor the Supervisory Board objects.
The digital transformation of the producing industry is gaining momentum. Companies from a wide variety of industries are already unlocking this potential – they are using end-to-end digitalization to create a lasting competitive edge by reducing time to market and increasing flexibility, efficiency, and quality. With Siemens Digital Enterprise solutions the technical prerequisites for the implementation of Industrie 4.0 are available and can be deployed in every application and companies of all sizes. At the SPS IPC Drives in Nuremberg, Germany, from November 27 to 29, 2018 – which took place this year under the motto "Digital Enterprise – Implement now" – Siemens showed in hall 11 how this can be done.
- Inventors come from Germany, Austria, France, Norway, Poland, India, China, Mexico and the U.S.
- 33 inventions per day in fiscal 2018
Siemens has honored 12 particularly resourceful researchers as Inventors of the Year 2018. Together, these scientists are responsible for some 590 inventions and 589 individual patents. Two of the inventors are from Germany, three from Austria and one each from Norway, France, Poland, Mexico, China, India and the United States. Their inventions range from new software that revolutionizes component design with 3D printing to an ingenious window coating that significantly improves the reception of cellular communication signals in trains.
Siemens has honored 12 particularly resourceful researchers as Inventors of the Year 2018. Together, these scientists are responsible for some 590 inventions and 589 patents. Two of the inventors are from Germany, three are from Austria, one is each from Norway, France, Poland, Mexico, China, India and the United States. Every year since 1995, Siemens has been presenting this award to its outstanding researchers and developers whose inventions have made major contributions to the company's strong performance. Since 2016, this award has also been presented to researchers from outside the company. In fiscal 2018, Siemens filed around 3,850 patents worldwide – an increase of 200 patents over the previous year. Worldwide, Siemens holds about 65,000 patents. In fiscal 2018, Siemens employees submitted about 7,300 invention disclosures. On a basis of 220 workdays during the year, this figure corresponds to about 33 inventions per day.
- On a comparable basis, excluding currency translation and portfolio effects, orders rose 8% and revenue increased 2%, with the majority of the industrial businesses contributing to growth
- On a nominal basis, orders rose 6%, to €91.3 billion; revenue was up slightly at €83.0 billion; the book-to-bill ratio was 1.10
- Industrial Business profit came in lower, at €8.8 billion, as profit increases in most industrial businesses did not fully offset sharply lower profit at Power and Gas
- Industrial Business profit margin excluding severance charges of 11.3%, clearly in the guidance range of 11% to 12%; profit margin including severance charges of €0.8 billion was 10.4% with most industrial businesses within or above their target ranges
- Net income up slightly at €6.1 billion; basic earnings per share (EPS) of €7.12; excluding severance charges, basic EPS at €7.88, well within the guidance range of €7.70 to €8.00
- Free cash flow rose to €5.8 billion, up 22% year-over-year
- Siemens proposes to raise the dividend €0.10 per share, to €3.80 per share
- Successful completion of share buyback program initiated in November 2015 with a volume of €3.0 billion; new share buyback program announced with volume up to €3.0 billion until November 2021
"We again delivered what we promised and fully reached our guidance which we raised at mid-year. This shows the strength of our global team which competed convincingly in both growth markets and difficult environments, and achieved another strong performance. In fiscal 2019 we will give our businesses even greater entrepreneurial freedom, and lay the foundation for execution of Vision 2020+."