Tag: Siemens AG

Mitsubishi Heavy Industries (MHI) and Siemens AG announced their joint venture in the field of metallurgical industry. The new company is named Primetals Technologies and is headquartered in London, UK.

Siemens AG will increase its stake in Siemens Limited from 55.3% to 75%. During the offer period, which began 25 March 2011 and ended 13 April 2011, shareholders of Siemens Limited offered to sell Siemens AG a total of 29% of all outstanding shares, nearly 1.5 times the amount to be acquired. To attain 75%, Siemens will acquire an additional stake of 19.7% from the offerers, on a proportional basis.

The Supervisory Board of Siemens AG has approved the proposal of its Chairman's Committee to appoint Mr Löscher, a full member of the Managing Board of Siemens AG, as Siemens President and CEO at an extraordinary meeting in Munich on 20th May 2007.

Siemens AG has won more than EUR 460 million in contracts to build two power plants in Australia.

German engineer Siemens AG has won a EUR 230 million contract to build a gas turbine power plant for the Antwerp site of chemicals group BASF AG.

Baoshan Iron & Steel Group Co. Ltd. (Baosteel, Shanghai, China), has placed an order for the construction of a 5-meter heavy-plate mill with an international consortium under the leadership of SMS Demag AG.

General Electric Co, Alstom, Siemens AG and Mitsubishi Heavy Industries have been shortlisted to supply power generating equipment for 10 gas-fired power plants across China.

Germany's Siemens AG has signed a EUR one billion contract to build a power plant in the United Arab Emirates, its largest in the oil-rich Gulf region.