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Siemens Ag News

18 Mar 2024

Siemens and NVIDIA to Build Industrial Metaverse

Source: NVIDIA

Siemens is bringing immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology and creating an industrial metaverse.“We will revolutionize how products and experiences are designed, manufactured and serviced. On the path to the industrial metaverse, this next generation of industrial software enables customers to experience products as they would in the real world: in context…

04 Oct 2021

Thordon Bearings Appoints New Technical Director

Tony Hamilton (left), Thordon’s new Technical Director and Michael Skrzypczak (right) Thordon’s new Global Service & Support Manager (Photo: Thordon Bearings)

Thordon Bearings, manufacturer of water-lubricated and grease-free polymer bearing technologies, has appointed Anthony Hamilton as its new Technical Director. Reporting directly to CEO Anna Galoni, Hamilton will lead the Burlington-headquartered company’s engineering, CAD and New Product Development teams.“We are delighted to welcome Tony to the Thordon family as we look to strengthen the company's product portfolio in existing and new markets,” said Galoni. “Tony is a seasoned solutions-based leader having held senior technical positions in the marine…

27 Oct 2020

Siemens, Carlyle Near $2.4 Billion Deal Over Flender Business

(Image: Flender)

U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG's mechanical drive arm Flender, for about 2 billion euros ($2.37 billion), Bloomberg News reported citing sources.Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week, the report said.Last week Siemens had asked Triton, Carlyle, CVC and Brookfield to submit final offers next week for the business, which has earnings before interest, tax, depreciation…

28 Aug 2019

Siemens Wins Viking Link Gig

Germany's Siemens AG said  that it has won a deal to supply two converter stations for the first high-voltage direct current (HVDC) link between the UK and Denmark.Viking Link will enable the exchange of up to 1400MW of electricity to provide increased power-supply reliability and security to consumers in both countries, and will support the integration of renewable energy.The interconnector is being jointly developed by National Grid Ventures (Great Britain) and Energinet (Denmark) via National Grid Viking Link Ltd. and Energinet Eltransmission A/S. Viking Link is scheduled to begin commercial operation at the end of 2023.The two converter stations…

08 Aug 2019

ABS Appoints Global Head of Cyber Security

Ian Bramson  (Photo: ABS)

ABS has appointed well-known cyber expert Ian Bramson as its Global Head of Cyber Security. In this role, Bramson will lead the development of a cyber security risk reduction program to meet increasing demand for improved control and visibility of cyber risks.Bramson has helped organizations solve cyber-related business challenges, such as managing the convergence of information technology with operational technology (OT), supporting risk management and enabling digital transformation. Before joining ABS, Bramson was the Global Head of Cybersecurity Sales and Strategy for Siemens AG.

24 Jun 2019

Oilfield Communications Market to Grow 8%

The global oilfield communication market is expected to grow with a CAGR of 8% over the forecast period 2019-2024, said a study.With the growing adoption of cloud-based services, oil companies are compelled to use oil field communication, said a report from ResearchAndMarkets. This keeps their offshore sites connected with the inshore site about production stats, which helps in better supply chain management.The smooth flow of materials is very important for oil companies as their profitability is highly dependent upon the turnover and downtime needs to be avoided.For instance, GE Oil & Gas, the service provider to oil and gas companies has shifted 350 of its applications to Amazon's cloud offering…

08 May 2019

Siemens Exits Power, Gas, Renewable Biz

German conglomerate Siemens AG said it will spin off and give up its majority stake in its energy division and merge it with separately listed wind turbine supplier Siemens Gamesa Renewable Energy (SGRE), creating a new multi-technology global energy powerhouse. The company’s supervisory board announced the spinoff on May 7 as part of its Vision 2020+ strategy concept. The board said the move would help Germany-based Siemens meet medium-term growth and profit targets by “clearly focusing its portfolio on dynamic growth markets and efficiency gains.”"Siemens’ Gas and Power (GP) – comprising the company’s oil and gas, conventional power generation…

15 Jan 2019

Offshore Wind Market Expected to Reach $50 bln by 2023

The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market. Also, high tidal winds and bad weather conditions making it difficult…

25 Oct 2018

Port of Kiel Presents Emission-Free Berthing for Ships

The construction of the first onshore power supply plant for commer-cial vessels at the Norwegenkai Terminal in the port of Kiel has begun.Taking part in the official first-cut-of-the-spade-ceremony marking the start of the construction works at the Norwegenkai Terminal were the Economics Minister of the federal state of Schleswig-Holstein, Dr Bernd Buchholz, Kiel’s Lord Mayor Dr Ulf Kämpfer, Port Director Dr Dirk Claus und Color Line GmbH Managing Director Dirk Hundertmark along with Lars Nürnberger, head of Kiel’s Siemens AG branch office.As of spring 2019, it will be possible to supply big cruise ferries with all the electrical power they need during the time they are berthed in Kiel.“We are taking action to make a substantial contribution to air purification”…

03 Oct 2018

Novatek, Siemens Sign LNG Partnership

Russia's natural gas producer Novatek and German engineering giant Siemens have signed a strategic partnership agreement that covers cooperation in the liquefied natural gas (LNG) sector.Novatek said in a press release that the agreement was signed by Novatek Chief Executive Leonid Mikhelson and his Siemens counterpart Joe Kaeser in Moscow.According to the agreement, the parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects on a “turn-key” basis inclusive of LNG supply, downstream and power generation, large-, mid- and small-scale LNG liquefaction plants and other topics of mutual interest.

21 Sep 2017

Siemens to Build Wärtsilä Marine Gear Boxes

Assembly and testing of Wärtsilä marine gear boxes will be moved to the Siemens Mechanical Drives facilities in Voerde, Germany. (Image: Wärtsilä)

Wärtsilä and Flender (Siemens AG, Mechanical Drives) have reached an agreement that will transfer the assembly and testing of Wärtsilä's marine gear box portfolio to the Siemens Mechanical Drives facilities in Voerde, Germany. In announcing the deal, Wärtsilä said the new arrangement takes advantage of synergies with processes developed at the Siemens plant to secure the quality and delivery punctuality of the gear boxes, thus providing greater customer value. Wärtsilä said it will retain responsibility for the design and technical specifications…

01 Feb 2017

Schottel's Strahberger: One Year at the Helm

Dr. Christian Strahberger (Photo: Schottel)

Schottel, a ubiquitous German-based maritime propulsion company, is firing on all cylinders and preparing now for the inevitable maritime market upturn. As Schottel’s new Managing Director, Dr. Christian Strahberger, closes in on his first year at the helm, he discusses the strategy with Maritime Reporter & Engineering News. While the maritime industry endures an overall downturn, quality, long-term companies see opportunity amidst the challenge, using lean times to optimize operations and staff while plotting a course for the inevitable turnaround.

20 Apr 2015

Siemens Wins Vessel Electrical Installation Contract

Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens International Trading (Shanghai) Ltd., a wholly owned subsidiary of Siemens AG. Nautilus CEO, Mike Johnston, commented, “The electrical package marks the fourth major long lead time package to be awarded by the shipyard, Fujian Mawei Shipbuilding. We are especially pleased to be partnering with another world class, global company such as Siemens. Their involvement with our first seafloor production system, along with other industry heavyweights such as GE Oil and Gas, Sandvik, Soil Machine Dynamics, Rolls Royce, Bedeschi and McGregor highlights the quality of the system that we are building.

09 Feb 2015

Unique DP System Thrusts US Offshore Wind Sector

Photo: Thrustmaster

Offshore wind construction in the U.S. Thrustmaster of Texas, a marine propulsion design and manufacturing company in the U.S., is looking to give an edge to U.S. based marine jack-up operators wanting to enter the U.S. offshore wind farm construction and maintenance sector by cutting the cost of entry in half with a unique propulsion system that allows conversion of existing vessels to dynamically positioned work vessels. The United States’ offshore wind market is exploding with opportunity, and current marine construction contracts are being awarded to operators outside the U.S.

08 Jan 2015

MHI, Siemens JV Starts Operations

Mitsubishi Heavy Industries, Ltd (MHI) and Siemens AG today announced the closing of their joint venture in the field of metallurgical industry. The new company is named Primetals Technologies, Limited and headquartered in London, UK. With this joint venture both partners are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Mitsubishi-Hitachi Metals Machinery, Inc. - an MHI consolidated group company with equity participation by Hitachi, Ltd. and IHI Corporation - holds a 51-percent and Siemens a 49-percent stake in the joint venture. With closing of the transaction, the joint venture will start operations with 9,000 employees coming from both partners.

24 Dec 2014

Petrobras Sets up Special Committee

The Board of Directors of Petrobras approved at a meeting held today, the creation of a special committee to act as interlocutor ("Reporting line") of independent internal investigations conducted by the Trench, Rossi e Watanabe and Gibson, Dunn & Crutcher offices . This Committee shall act independently and will report directly to the Board. The powers and responsibilities of the Special Committee shall include (i) approve the research plan; (Ii) receive and analyze the information submitted by the offices of lawyers; (Iii) ensure that research maintain independence by ensuring that this is not impeded or obstructed; (Iv) review, approve and feasibility of the implementation of the recommendations made ​​by offices…

07 Aug 2014

St. Lawrence Seaway Cargo Shipments Return

Over 15 million metric tons of cargo moved through the St. Lawrence Seaway during the month of July, down just 4 percent over last year, marking a sustained comeback after the slow start to the shipping season. "The month of July was extremely busy for our ports on the Great Lakes-Seaway System as they handled high value cargoes like steel, wind components, and machinery that arrived from 13 different countries," said Rebecca Spruill, Director of Trade Development for the Saint Lawrence Seaway Development Corporation.

14 Jul 2014

Wind Energy Components Bound for Duluth Port

Arrival of the BBC Peter Roenna in the harbor this morning (Duluth’s Aerial Lift Bridge in background)

Minnesota Power and the Duluth Port said they will reach a milestone this weekend when the 15th ship bearing wind generation equipment destined for Minnesota Power’s growing renewable energy installation in North Dakota sails into the harbor beneath the Aerial Lift Bridge. The BBC cargo ship, Peter Roenna is expected to arrive in Duluth late Sunday night carrying more than two dozen renewable wind energy components after a voyage from Brande, Denmark, where the equipment is manufactured by Siemens A.G.

28 May 2014

Siemens Appoints Janina Kugel As Chief Diversity Officer

Siemens informed that with effect from July 1, 2014, Janina Kugel will assume the position of Chief Diversity Officer (CDO) for Siemens AG in addition to her current responsibilities as Head of Personnel Strategy and Executive Development. Ms. Kugel replaces Denice Kronau, who is leaving the company on May 31, 2014 by mutual agreement to further pursue her writing and speaking career. "Ms. Kronau's outstanding contributions as CDO and leader of Siemens' Diversity Initiative ensured that Diversity has become a significant part of the Siemens values," said Siemens President and CEO Joe Kaeser. "I wholeheartedly thank Ms. Kronau for driving Diversity in Siemens globally with such enthusiasm and credibility. Under Ms. Kronau's leadership the Diversity Initiative achieved notable successes.

07 May 2014

MHI, Siemens Establish Production Machinery Joint Venture

Photo courtesy MHI

Today Mitsubishi Heavy Industries, Ltd. (MHI) concluded an agreement with Siemens AG of Germany calling for the establishment of a joint-venture company (JV) in steel and metal production machinery effective as of January 2015 subject to regulatory approvals. According to MHI, the move has two aims: expansion of the product line in the steel and metal production machinery business and acceleration of globalization. The JV will swiftly take steps to put in place a structure enabling the provision of a full lineup of products involved in everything from upstream to downstream processes…

06 May 2014

Rolls Royce Sells Energy Gas Turbine Business To Siemens

Britain's Rolls-Royce Plc said it would sell its energy gas turbine and compressor business to German conglomerate Siemens AG for 785 million pounds($1.33 billion). Rolls, whose energy gas turbine and compressor business has around 2,400 employees, said Siemens would pay a further 200 million pounds for a 25 year licensing agreement granting access to relevant Rolls-Royce aero-derivative technology. "This agreement will give the Energy business greater opportunities as part of a much larger energy company and allows Rolls-Royce to concentrate on the areas of business where we can add most value," Rolls-Royce Chief Executive, John Rishton said in a statement.

29 Apr 2014

Alstom Accepts 10 Bln Euro GE Bid For Its Energy Unit

The board of Alstom accepted General Electric's 10 billion euro ($13.82 billion) bid for its energy unit on Tuesday, several sources familiar with the situation told Reuters. Sources said GE is not in exclusive talks with Alstom. The French transport-to-turbines group is also set to receive an offer from its much larger German competitor Siemens AG , which said it had sent a letter to Alstom after its managing and supervisory boards had decided to make an offer. Alstom is expected to make a statement about the two offers early on Wednesday, before its shares, suspended since late last week, resume trading. The rival bids have triggered a fierce national debate about the fate of power turbine and train manufacturing in France - both integral to the country's engineering pedigree.

26 Apr 2014

GE In Talks To Buy Alstom's Power Arm

U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom SA for about $13 billion, sources familiar with the matter said on Friday. Sources said a deal was backed by Alstom's main shareholder, French conglomerate Bouygues with 29 percent, and could be announced in the coming days after an Alstom board meeting on Friday afternoon. The board was due to meet again on Sunday to discuss the transaction, French daily Le Figaro said. "Talks are going ahead swiftly, the deal's structure is defined and everything is almost ready," one of the sources said. Alstom Chief Executive Patrick Kron confirmed to union representatives there were talks about an "industrial deal," but did not name GE.

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