August 21, 2014 2:33 AM ET

Household Durables

Company Overview of Siemens Ltd., China

Company Overview

Siemens, Ltd., China manufactures and distributes home appliances, cordless phones, lighting products, and hearing aids. It offers automation systems, electronics assembly systems, traffic systems, lighting, power generation systems, automotive electronics, process instrumentation and analeptics, cordless phones, and switches. The company also offers consulting, electrical installation, and information technology solutions, as well as offers financing services. It serves airport, automotive, building and construction, chemical, electric power, food and beverage, healthcare, manufacturing, marine engineering, metal and mining, mobile communication, oil and gas, pharmaceutical, port and yard, ...

7, Wangjing Zhonghuan Nanlu

Chaoyang District

Beijing,  100102

China

Founded in 1904

Phone:

86 10 6476 8888

Fax:

86 10 6476 4901

Key Executives for Siemens Ltd., China

Chief Executive Officer and President
Age: 64
General Manager and Senior Vice President
Chief Financial Officer and Senior Executive Vice President
Chief Executive Officer of Siemens Australia
Executive Vice President
Age: 59
Compensation as of Fiscal Year 2014.

Siemens Ltd., China Key Developments

Huazhang Technology Holding Ltd. and Siemens Ltd. Partner to Provide Industrial Solutions

Huazhang Technology Holding Ltd. and Siemens Ltd. China have announced a partnership to provide industrial solutions. As Siemens has its own papermaking division and Huazhang Technology brings complementary advantages to the table, this is indeed a alliance that can offer customers more options among a multitude of solutions. The combination of Huazhang's efficient and professional project execution and Siemens advanced and secure industrial products will provide large-scale papermakers with more cost-effective services, acting as an impetus to get paper producers to upgrade their equipment and injecting new vitality into the sector.

China Keli Electric Co., Ltd. Signs A Product Manufacturing and Sales License Agreement with Siemens Ltd., China

China Keli Electric Co. Ltd. announce that it has signed a Product Manufacturing and sales license agreement with Siemens Ltd., China. This agreement involves disclosure of Siemens-owned intellectual property to Zhuhai Keli Electric Co. Ltd., the operating subsidiary of Keli, and conveys to Keli the right to manufacture and sell the Siemens-designed SIVACON 8PT switchgear. It acknowledges that Keli is an authorized licensee of Siemens for the LV SIVACON switchboards. The agreement, which will be renewed annually provided Keli complies with the terms, recognizes that Keli has appropriate high quality manufacturing facilities and quality control procedures to comply with the stringent requirements for the manufacture of Siemens-designed electrical equipment. Siemens and Keli have agreed to some production and sales targets, which increase substantially over the first four years of the agreement, and will bring increased revenues to both companies.

Whistleblower Alleges Ongoing FCPA Violations at Siemens Ltd., China

A whistleblower lawsuit filed against Siemens Ltd., China accuses officers at a Chinese subsidiary of the Siemens AG of repeated violations under the U.S. Foreign Corrupt Practices Act (FCPA). The complaint - by Meng-Lin Liu was filed in New York district court and recounts an ongoing pattern of bribery involving the company's hospital customers. According to the complaint, Liu presented evidence of the scheme to Siemens China's chief financial officer for healthcare in October 2010, after multiple attempts over several years to warn upper management. He was fired the following month and told not to return to work, even though his contract did not expire until March 2011.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Siemens Ltd., China, please visit www.siemens.com.cn. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.