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On the historic occasion of its 50 years of manufacturing presence, Siemens announced the setting up a green field Steam Turbine factory at Vadodara, Gujarat with an investment of around Rs 300 million. This will be Siemens’ 15th manufacturing facility in India. Siemens also plans to acquire the Isolator business of Elpro International Ltd. and 50% stake in Flender Ltd. with their manufacturing units in Hyderabad and Kharagpur respectively. Over the 50 years, Siemens has achieved manufacturing excellence across its facilities, with many recognized as Centers of Competence.
Siemens Ltd. has received approvals from the Board of Directors last week to acquire two new businesses. These approvals, as announced, are to acquire the Isolator business of Elpro International Ltd. and 50% stake in Flender Ltd. As part of the deal, Siemens will acquire the manufacturing units of Elpro International located at Hyderabad and of Flender based at Kharagpur, West Bengal.
The Isolator division of Elpro International at Hyderabad provides the high quality disconnecting switches (Isolators) covering the entire spectrum up to 420 kV. The Isolators are used in Transmission and Distribution lines for isolation of the circuit during maintenance or breakdown. The addition of the Isolator business will strengthen Siemens Ltd.’s Power Transmission and Distribution (PTD) portfolio.
Flender manufactures a wide range of industrial gearboxes and related accessories. These are used in multiple industrial applications. This new business will enable Siemens to expand its industrial drive technology portfolio by adding gear systems.
Siemens Ltd. has also announced setting-up of an industrial Steam Turbine factory at Vadodara, Gujarat. This announcement of a Greenfield project was made on the significant occasion of Siemens celebrating its 50th year of manufacturing in India. Siemens has earmarked an investment of about Rs 300 million for this new factory. This is a part of its investment-led growth strategy, which also includes enhancing manufacturing capabilities across the country.
Speaking on the occasion of the Golden Jubilee of Manufacturing presence in India, Mr J Schubert, Managing Director, Siemens Ltd., said, “This is a happy and proud moment for us at Siemens in India. From a humble beginning of a small workshop under the Mahalaxmi Bridge fifty years ago, to 15 state-of-the-art manufacturing facilities is a successful journey accomplished. En-route, we have achieved Manufacturing Excellence.” He further added, “Right from the beginning, we believed in creating local value-add and generating employment. Fifty years of manufacturing activities is a clear testimony of our commitment and deep-rooted association with India”.
Commenting on the importance of Bangalore, Mr Schubert said, “Bangalore operations are key for us. This city alone constitutes about one-third (about 4600 employees) of our total employee strength, whereas the Southern Region constitutes about 45% of the total employee strength (about 5500 employees). Apart from the manufacturing base for our automotive sector and servicing workshop for industrial turbines, Bangalore is a hub for telecom, medical and automotive software development and high end R&D. Our operations in this region are being strengthened across all the businesses and will grow even more in the time ahead.”
Mr Schubert added, “We have received the Board’s approval to acquire the Isolator business of Elpro International and 50% stake in Flender with its manufacturing units. These acquisitions will strengthen our Industrial Drives and PTD portfolio.” He further added, “In our 50th year of manufacturing in India, we are happy to announce that we are setting up a green field factory at Maneja, Vadodara. This new steam turbine factory will give us a better competitive position in the small turbine market. With high growth rate in the industrial sector coupled with deficit in the power supply, we see a huge potential for the small turbine business”.
Spread over an area of 6,500 square meters, the new Steam Turbine factory in the first phase will manufacture Steam Turbines for industrial applications up to 45 MW as well as key components for Turbines up to 150 MW. The factory will cater to the domestic and export market. The green field project will provide direct employment to about 220 persons and will be on stream by December 2006. With sufficient area available for expansion at this location, the plan is to double the manufacturing capacities in the second phase.
As part of its 50 years anniversary celebrations in India, Siemens has organized series of musical concerts, ‘Golden Footprints - a Musical Journey’, in Mumbai, Kolkata and Bangalore. By bringing the Western and Eastern hemispheres together, for the first time in India, the concert will present a fusion of Big Band, Jazz and Indian music streams. The program is creatively choreographed and will be performed by renowned national and international artists.
Siemens Ltd is the flagship of the Siemens Group in India. The Siemens Group is a leading provider of industry and infrastructure solutions in India with a business volume aggregating about Rs 5400 crores. It operates in the core business segments of Energy, Industry and Buildings, Information Technology, Communication, Transportation, Healthcare and Lighting. It has a nation-wide Sales and Service network, 15 manufacturing plants, some 500 strong network of channel partners and through its 11 Companies, the Siemens Group employs over 12,000 people.