Siemens: Continued High Investment Potential in Water Business |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Siemens Water Technologies
181 Thorn Hill Rd.
Warrendale, PA, 15086
USA
Press release date: October 20, 2008
Siemens continues to see favorable prospects in its water business despite the current economic downturn. "Urbanization and water shortage are long-term trends which will determine the need for water treatment and recycling solutions", explained Jens Wegmann who, as CEO of the Industrial Solutions Division, is responsible for the water business at Siemens. "We are sticking to our view," said Wegmann in Chicago on Monday at Weftec, the biggest water fair in North America, "that the markets for water treatment will continue to grow worldwide." Thanks to its wide-ranging business portfolio and its global corporate access to customers, Siemens Water Technologies is well equipped to compensate for any investment delays at municipal level in individual countries as a result of its industrial and modernization business.
The accessible market volume worldwide for Siemens amounts to some US$ 49 billion (2007). Siemens Water Technologies is predominantly engaged in a wide range business with a project amounts to about US$ 300,000. "Whereas attracting investment capital for individual major projects is likely to become more difficult", said Wegmann, "we continue to see opportunities for growth in general business with products and services aimed at modernizing and expanding existing installations." In North America, for example, growth in projects for re-using water is expected in order to eliminate shortages in municipal and industrial water supplies. Investments are also planned in branches of industry such as open-cast mining, paper production or the food industry where Siemens is active and water is a crucial production factor. "Our broad business portfolio helps to smooth out economic fluctuations in investments in various branches of industry", stressed Chuck Gordon, CEO of Siemens Water Technologies, a business unit of IS. In spring the business was reorganized, he continued, and divided into four areas, industry, municipal water supply, disinfection and service, enabling a realignment to the respective markets and the associated target groups. Industrial business, which is enjoying above-average growth rates, was the main beneficiary of this. In addition to the wide-ranging sector portfolio, Gordon sees innovations and new products as the engine of the water business. "In the last few years Siemens Water Technologies has invested twice as much in R&D as the industrial average". At Weftec in Chicago, Siemens Water Technologies is presenting new water treatment, sewage sludge reduction and energy saving solutions.
The Siemens Industry Sector (Erlangen, Germany) is the world's leading supplier of production, transportation and building systems. Integrated hardware and software technologies combined with comprehensive industry-specific solutions enable Siemens to enhance the productivity and efficiency of its customers in industry and infrastructure. The Sector comprises six Divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram. In fiscal 2007 (ended September 30), Siemens Industry generated sales of approximately EUR40 billion (pro forma, unconsolidated) with around 209,000 employees worldwide. http://www.siemens.com/industry With the business activities of Siemens VAI Metal Technologies, (Linz, Austria), Siemens Water Technologies (Warrendale, Pa., U.S.A.), and Industry Technologies, (Erlangen, Germany), the Siemens Industry Solutions Division (Erlangen, Germany) is one of the world's leading solution and service providers for industrial and infrastructure facilities. Using its own products, systems and process technologies, Industry Solutions develops and builds plants for end customers, commissions them and provides support during their entire life cycle. Further information and downloads at: http://siemens.com/industry-solutions
|
|
|
|
|
|
| 
