Last $104.91 USD
Change Today -0.88 / -0.83%
Volume 432.4K
As of 8:04 PM 06/5/13 All times are local (Market data is delayed by at least 15 minutes).

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siemens ag-spons adr (SI) Latest News

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siemens ag-spons adr (SI) Key Developments

Siemens Aktiengesellschaft Presents at Morgan Stanley China Industrials Summit, May-30-2013

Siemens Aktiengesellschaft Presents at Morgan Stanley China Industrials Summit, May-30-2013 . Venue: The Westin Beijing Chaoyang, Beijing, China.

Sinclair Knight Merz Pty. Ltd Selects Siemens to Support the Expansion of Leading International Mining Group

Siemens was selected by Sinclair Knight Merz Pty. Ltd, to support the expansion of leading international mining group, Rio Tinto, for its iron ore port facilities at Cape Lambert, in the Pilbara region of North Western Australia. The Cape Lambert Port B project is one of the larger resource projects undertaken in Australia in recent years. The project will expand the port's iron ore export capacity by an additional 123 million tons annually. It will provide a total of 18 GenIV Robicon Perfect Harmony drives, manufactured in New Kensington, Pa.; 18 H-Compact, 1400 kW, 6.6V, 6 pole motors from Siemens Electrical Drives Ltd, Tianjin, China; and eight Simotion control systems engineered in Australia for these two phases. These drive systems will be used on eight conveyors (inloading, outloading and wharf conveyors), that will transport iron ore from the stockyard to the shiploaders at the port. The project is executed in two phases. Site commissioning of three conveyors of the first phase is slated for completion in August this year. Deliveries for the five conveyors of the second phase are already in progress. The commissioning is planned for 2014.

Pemex Files Suit to Recover Nearly $160 Million from Siemens and SK Engineering & Construction in Global Bribery Case

Petroleos Mexicanos (Pemex) and its affiliate Pemex-Refinacion (PREF) have filed a lawsuit in New York seeking to recover nearly $160 million from Siemens and SK Engineering & Construction Co. Ltd. (SKEC) in a global bribery case. According to the amended lawsuit, filed May 8, 2013 in U.S. District Court (case number 12 Civ. 9070 [LLS] ECF), Siemens and SKEC allegedly submitted an unrealistically low bid in 1996 to win a public contract for modernizing a Pemex refinery in Cadereyta, Mexico. In testimony given May 6, 2013, at Mexico's Solicitor General's Office, Peter Paul Muller, Siemens Mexico's former general counsel confirmed that Siemens paid bribes to PEMEX officials connected to the Cadereyta Project cost overruns. He added that there are other witnesses with knowledge of the facts related to the lawsuit.

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Siemens Ag-spons Adr Stock

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the industry, energy, and healthcare sectors worldwide. In the industry sector, the company’s portfolio ranges from industry automation and drives products and services to building, lighting, and mobility solutions and services, as well as includes system integration and solutions for plant business. It offers automation and drives, industrial solutions and services, transportation systems, and Siemens building technologies. In the energy sector, Siemens provides solutions for the generation, transmission, and distribution of power; and extraction, conversion, and transport of oil and gas in the oil and gas industry. In the healthcare sector, it develops, manufactures, and markets diagnostic and therapeutic systems, devices, and consumables; and offers IT systems for clinical and administrative purposes. The company also provides technical maintenance, professional, consulting, and financing services. In addition, Siemens provides financial products and services, such as commercial finance, equity and project finance, treasury and investment management, and project and export finance. Additionally, the company offers insurance solutions, such as claims management; and acts as a broker of company-financed insurances, as well as engages in real estate business. It also has equity investments in a telecommunications infrastructure supplier, household appliance, defense technology, and communication and entertainment device companies, as well as in companies that provide technical building equipment and installation services; and open communications, network, and security solutions. The company was founded in 1847 and is headquartered in Munich, Germany.
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How Another Emerging Nation Is Going Nuclear
Siemens Signs First US Offshore Wind Project
Cape Wind and Siemens Sign Major Offshore Wind Turbine Supply Agreement
[Business Wire] - Siemens and Cape Wind have signed a major contract in which Siemens will supply Cape Wind its industry-leading 3.6-megawatt offshore wind turbines, an offshore Electric Servic
Stock Plays to Eye in the Changing Heat and Power Industry
Siemens Receives Additional Order for Advanced H-Class Power Plant in the United States
[Business Wire] - Siemens Energy announced today that it has received an order from Panda Power Funds to supply two power plant units fitted with H-class gas turbines for the “Patriot” combined-cycle power plant in Clinton Township, Pennsylvania.
The U.S. Government Could Save $150 Billion by Properly Incentivizing Energy Companies
[at Motley Fool] - New energy tax credits were proposed on the Senate floor by Senator Max Baucus that would hopefully simplify energy incentives. Clean energy production would be a highlight of the overhaul.
Demand Blows In More Business For Broadwind Energy
Siemens to consolidate management of compliance organization
[at noodls] - Munich, 2013-Dec-17 Klaus Moosmayer has been named to head Siemens' entire compliance organization as Chief Compliance Officer, effective January 1, 2014. Since 2007, Moosmayer has played a key role in ...
Siemens Finances Acquisition of Advanced CT Scanner for Pueblo Radiology
[Business Wire] - Siemens Financial Services – the financing arm of Siemens – recently provided a financing package to Pueblo Radiology to support their acquisition of a Siemens SOMATOM® Perspective 64 slice computed tomography scanner, one of the most advanced medical scanners on the market.

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