With six lines and a total route length of 176 kilometers, Riyadh is constructing one of the world’s largest metro projects. Riyadh currently has a population of 6.5 million people which is set to increase to 8.3 million by 2030 due to its rapid urban growth. As part of a consortium with the US company Bechtel and the local construction firms Almabani and Consolidated Contractors Company, Siemens Mobility is responsible for building lines 1 (Blue Line) and 2 (Red Line). Siemens Mobility, as Engineering and Maintenance partner, is supplying the rolling stock for driverless operation. Moreover, the scope includes project management, signaling, power supply, communication systems, depot and workshop equip¬ment, platform screen doors, testing and commissioning and system integration in a turnkey approach.
Arja Talakar has been appointed CEO of Siemens Oil & Gas, effective April 1, 2019. He will be based in Houston, Texas, the global headquarters for Oil & Gas and its parent operating company, Siemens Gas and Power.
- Saudi Aramco's "In-Kingdom Total Value Add" (IKTVA) program aims to localize the energy value chain with respect to manufacturing and service, train and employ young Saudi nationals, and foster future prosperity in the Kingdom.
- In partnership with Saudi Aramco, Siemens celebrated another milestone for the IKTVA program by producing the first gas turbine at the Siemens Dammam Energy Hub.
- In line with the Kingdom's Vision 2030, the local production of energy-related goods such as turbines has leveraged opportunities for Siemens to train and employ young Saudi nationals, and contribute towards creating a knowledge-based economy.
In line with Saudi Vision 2030 and Saudi Aramco's in-Kingdom Total Value Add (IKTVA) program, Siemens delivered its first gas turbine built in Saudi Arabia. The gas turbine, which will be installed at Saudi Aramco's new power plant as part of the Jazan refinery project, was produced at the Siemens Dammam Energy Hub, Saudi Arabia's first gas turbine manufacturing facility and the largest in the Middle East.
Siemens is supporting the new King Abdullah University of Science and Technology (KAUST) in Saudi Arabia, which has begun its academic instruction this semester. KAUST is a graduate research university in Thuwal on the Red Sea, with a diverse, international faculty and graduate student body. Siemens is a founding member of the partnership program KAUST Industrial Collaboration Program (KICP) which aims to intensify cooperation with industry on a regional and a global scale. The focus of the international university’s research activities will include renewable energy, environmental technologies, and material and biosciences.
- Order for F-class gas turbines includes service for Fadhili plant
- Turbines to be produced locally at Siemens Dammam Energy Hub
- Total order volume approximately USD 400 million
Siemens has received an order for five F-class gas turbines for a combined heat and power (CHP) plant in the Kingdom of Saudi Arabia. With an electrical generating capacity of about 1,500 megawatts (MW), the plant will supply about 400 MW of electricity and process steam to a new natural gas extraction plant in Fadhili which is located 100 kilometers northwest of Dammam in the Eastern Province of the Kingdom. The additional 1,100 MW will be sufficient to supply power to 1.1 million Saudi households. All five turbines will be produced at the Siemens Dammam Energy Hub (SDEH), the first manufacturing facility for gas turbines in Saudi Arabia and the largest in the Middle East. Purchaser is the South Korean company Doosan Heavy Industries & Construction Co., Ltd. who is responsible for Engineering, Procurement and Construction (EPC) of the plant.
- Includes world's most powerful transformers ever supplied for a mobile substation
- Fast-track installation and connection time of less than a wee
Siemens has been awarded an order to supply two mobile substations to National Grid SA, the transmission operator of Saudi Electricity Company. Based on the unique specifications from National Grid SA, Siemens has combined its existing innovative mobile substation modules together to design and manufacture two 380kV mobile substations able to fit and suit in any network area of the kingdom. With a rating of 502 megavolt amperes (MVA) each, these two high-voltage mobile substations will be the most powerful ever built in a single feeder configuration. A mobile substation is mounted on a special trailer and can easily be transported wherever needed.
gas turbines, steam turbine, generators, and main transformers
- Power Diagnostics Services for optimized performance
- Power supply for more than three million Iraqis
Siemens has received an order to supply the key components and long-term power generation services for the 840-megawatt (MW) Maisan combined cycle power plant in Iraq. CITIC Construction Co., Ltd., the Chinese engineering procurement and construction firm building the plant, and Iraqi developer MPC, part of Raban Al-Safina for Energy Projects (RASEP) awarded the contract valued at more than EUR 280 million to Siemens. The independent power project is expected to deliver first power by March 2021 and enter full combined cycle mode by early 2022. The plant will supply sufficient electricity to meet the needs of more than three million Iraqis, while also supporting the industrial sector.
- Latest funding round backed with US$30 million
- Siemens Integrity Initiative promotes projects seeking to prevent and combat corruption and fraud
The Siemens Integrity Initiative promotes projects around the world that seek to combat corruption and fraud, supporting educational and training programs as well as Collective Action, which is building alliances against corruption in a joint effort between business and institutions to establish clean markets and ensure fair competition. The selection process favors projects that have a direct impact on the private sector and strengthen compliance standards and legal systems.
- First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, revenue up 3%
- Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion order in Saudi Arabia
- Industrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected range
- Income from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within discontinued operations affects Net income which was €1.095 billion, with basic earnings per share (EPS) of €1.30
- Strong contribution to Free cash flow from Industrial Business
- During the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basis
- Portfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business in the first quarter; followed, in January 2015, by closing the divestment of the hearing aid business (expected pretax gain: approximately €1.6 billion), closing the divestment of Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) (expected pretax gain: approximately €1.4 billion), and completing the contribution of the metals technologies business into a joint venture; furthermore, we expect a profit impact due to a funding commitment of €0.3 billion related to Unify Holdings B.V. in the second quarter
"The performance of most of our businesses was within our expectations. While some Divisions provided excellent performance, Healthcare needs to step up its efforts to quickly resume to its outstanding performance and Power and Gas will need a more comprehensive concept to return to historical margins longer turn."
- Thomas Schaffer named CFO of Process Industries and Drives Division
- Michael Sen to leave the company
Thomas Rathmann (50) has been appointed Chief Financial Officer in the Executive Management of Siemens Healthcare GmbH for the launch of the new company, in which Siemens' separately managed healthcare business will be located as of May 1, 2015. He will succeed Michael Sen (46) as CFO of Siemens' healthcare activities. Mr. Sen is leaving Siemens at his own request.