siemens ag-spons adr (SI) Key Developments
Siemens Wins Wind Power Contract in US
Dec 16 13
Siemens announced that it has won a contract to supply wind turbines for five wind power projects in Iowa in the United States. The company secured a contract from MidAmerican Energy to supply a total 448 wind turbines with a total capacity of 1,050 megawatts. The wind turbines, each with a nominal rating of 2.3 MW and a rotor diameter of 108 metres, are to be installed in five different projects in Iowa.
Siemens Mulls Sale Of VAI Metals
Dec 10 13
Siemens Aktiengesellschaft (DB:SIE) is considering divesting Siemens VAI Metals Technologies GmbH (Linz), WirtschaftsBlatt reported citing sources quoted by Bloomberg. A decision on the sale is expected to be made in H1 2014.
Ford Motor Company Pilots New Software from Siemens
Dec 9 13
Ford Motor Company is piloting new software from Siemens that facilitates virtual navigation within its assembly plants, helping the company improve global collaboration and better share best practices. The new IntoSite application in the Tecnomatix portfolio is a cloud-based web application developed using the Google Earth infrastructure. IntoSite holds a 3D version of assembly plants and allows users to navigate virtually through the plants - down to the workstations -- obtaining a better understanding of global processes. IntoSite was developed by Siemens' product lifecycle management (PLM) software business unit. The IntoSite pilot program, which is initially being studied at Ford's Michigan Assembly Plant in Wayne, Michigan, is expected to generate additional benefits across Ford and its global manufacturing team: efficiency: IntoSite provides an opportunity to store and access documents pertaining to specific issues in a common place rather than have to access multiple internal systems. It also streamlines the process for sharing large media files, which often require access to a third-party file sharing program or the use of global shared drives with file size and storage duration limits. Globalization: Offering the ability to travel virtually to plants around the world, IntoSite helps to link together locations with real-world views in a shared online space. Standardization: A key part of the Ford production system, standardization is expected to improve as a result of IntoSite application's file-sharing capabilities, which will help to resolve manufacturing issues, establish and share global common processes and resolve inconsistencies.
Siemens Aktiengesellschaft to Approve Amendments to the Articles of Association
Dec 6 13
Siemens Aktiengesellschaft announced that its shareholders at the Annual General Meeting to be held on January 28, 2014 will consider and approve the creation of an Authorized Capital 2014 against contributions in cash and/or contributions in kind with the option of excluding subscription rights, and related amendments to the Articles of Association; the cancelation of the authorization to issue convertible bonds and/or warrant bonds dated January 25, 2011 and of the Conditional Capital 2011 as well as on the creation of a new authorization of the Managing Board to issue convertible bonds and/or warrant bonds and to exclude shareholders’ subscription rights, and on the creation of a Conditional Capital 2014 and related amendments to the Articles of Association; the cancelation of Conditional Capital no longer required and related amendments to the Articles of Association and the adjustment of Supervisory Board compensation and related amendments to the Articles of Association.
Siemens Announces Changes to Executive Management Team in the Middle East
Dec 3 13
Dietmar Siersdorfer named CEO of Siemens Middle East and UAE whilst Erich Kaeser is to take on an advisory role within the company. There changes are effective as of December 1, 2013. Dietmar Siersdorfer has become CEO of Siemens UAE and Middle East region whilst also maintaining his role as CEO of Siemens Energy in the region. Siersdorfer takes over as regional CEO from Erich Kaeser who is now moving to an advisory role within the company. Kay Zwingenberger will move from CEO of Siemens UAE, where he has served since May 2012, to become the CEO of Siemens Healthcare within the region.