The Siemens-Energy Sector is the world’s only manufacturer with comprehensive expertise along the entire chain of energy conversion, particularly regarding interfaces such as between power plants and grids. With the new Siemens Smart Grid Applications project, the company is now expanding its expertise to the “last mile” of the value added chain in the area of intelligent power networks. Taking a comprehensive global approach, the integrated technology company intends to leverage its experience, for example, in energy automation and its IT expertise to comprehensively advise its customers about setting the right course for the new age of energy. We expect that this will result in promising business opportunities for the Siemens Energy and Industry Sectors as well as the IT field,” says Dehen. Siemens already generates annual revenue of roughly €1 billion with Smart Grid technologies, and intends to capture about 20 percent market share by the year 2014 in a market worth €30 billion.
Richard Hausmann took over as President and CEO of the Siemens Regional Organization in China in early 2005. In April 2008 he also became head of the Siemens Northeast Asia Region, which in addition to China includes Taiwan, Hong Kong, Korea, and Mongolia. His assignment is scheduled to expire end of June 2010. Under his leadership, revenue of Siemens China grew to more than €5 billion on a comparable basis. Siemens in the meantime has over 40,000 employees in China, making it the second-largest Regional Company outside of Germany, after the United States.
Mei Wei Cheng will become President and CEO of the Siemens subsidiary in China and will also head Siemens’ Northeast Asia region. In addition to his many years working in the automotive industry, he also worked for a number of U.S. companies, including General Electric.