Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser
Press Release23 May 2012Siemens AGRio de Janeiro, Brazil
Siemens to expand its presence in Brazil
Siemens Brazil has invested about $700 million in capital expenditures and research and development in the country over the last ten years, opening eight new factories and generating 4,000 new jobs. In fiscal 2011, Siemens had some 10,000 employees and revenue of approximately $2.8 billion in Brazil.
One of the world's fastest-growing major economies, Brazil is rapidly emerging as a global economic powerhouse. "As its economy grows more complex, Brazil will require a more diverse range of products. That's why we're planning to expand our activities in areas that will be vital for the sustainable growth of the Brazilian economy," remarked Solmssen.
A large part of the planned investment will focus on future-oriented energy markets. This year, for example, Siemens will open a new research and development center in Rio de Janeiro which is geared to the oil and gas industry. The company intends to hire at least 200 highly qualified researchers and engineers to work on solutions that enhance efficiency and reliability across the oil and gas value chain.
Siemens will invest initially about $60 million to build up its brand new factory in Brazil. The factory will produce high and low voltage motors and generators for the domestic market and also for export. The initiative is aligned with the company’s strategy for energy efficient products and solutions. The production plant should be inaugurated in 2014 and when fully operational it is expected to generate around 300 direct jobs.
Siemens is also expanding its capabilities in the forward-looking smart grid market. In April, the company opened its first R&D center focused on developing smart grid solutions in Curitiba. Siemens is in the process to acquire a Brazilian Smart Grid company, a leading provider of smart metering and related services, this specialist company offers software and services designed to prevent non-technical losses (NTL) of power during distribution.
Siemens will also invest $30 million to expand its business in the Healthcare Sector in Brazil. Underscoring the Sector's strong commitment to Brazil, this investment will enable local imaging manufacturing and supply chain to be established in Joinville (in the state of Santa Catarina) – with the aim of better serving local market needs.
Siemens has been active in Brazil since 1867. Throughout the past century, the company played a key role in building and modernizing the country's infrastructure. As a result, Siemens equipment and systems currently generate 50 percent of the country's electricity, provide 30 percent of all digital diagnostics imaging and can be found in over 65 percent of all the offshore oil drilling projects implemented over the past ten years. This solid position has enabled the company to achieve sustainable growth and expand its business volume over the last five years.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies. Around 40 percent of its total revenue stems from green products and solutions. In fiscal 2011, which ended on September 30, 2011, revenue from continuing operations totaled €73.5 billion and income from continuing operations €7.0 billion. At the end of September 2011, Siemens had around 360,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: http://www.siemens.com.
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expects," "looks forward to," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to stockholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens' management, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens' control, affect Siemens' operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historical trends. These factors include in particular, but are not limited to, the matters described in Item 3: Risk factors of our most recent annual report on Form 20-F filed with the SEC, in the chapter "Risks" of our most recent annual report prepared in accordance with the German Commercial Code, and in the chapter "Report on risks and opportunities" of our most recent interim report.
Further information about risks and uncertainties affecting Siemens is included throughout our most recent annual, and interim reports as well as our most recent earnings release, which are available on the Siemens website, www.siemens.com, and throughout our most recent annual report on Form 20-F and in our other filings with the SEC, which are available on the Siemens website, www.siemens.com, and on the SEC's website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of Siemens may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expects," "looks forward to," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to stockholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens' management, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens' control, affect Siemens' operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historical trends. These factors include in particular, but are not limited to, the matters described in Item 3: Risk factors of our most recent annual report on Form 20-F filed with the SEC, in the chapter "Risks" of our most recent annual report prepared in accordance with the German Commercial Code, and in the chapter "Report on risks and opportunities" of our most recent interim report.
Further information about risks and uncertainties affecting Siemens is included throughout our most recent annual, and interim reports as well as our most recent earnings release, which are available on the Siemens website, www.siemens.com, and throughout our most recent annual report on Form 20-F and in our other filings with the SEC, which are available on the Siemens website, www.siemens.com, and on the SEC's website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of Siemens may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
Contact
Alexander Becker
Siemens AG
Wittelsbacherplatz 2
80333 Munich
Germany
80333 Munich
Germany
+49 (89) 636-36558