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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 50% stake in Flender Ltd. with its manufacturing unit at Kharagpur. Over the 50 years, Siemens has achieved manufacturing excellence across its facilities, with many recognized as Centers of Competence.
Siemens Ltd. has received the Board’s approval to acquire 50% stake in Flender Limited with its manufacturing facility located at Kharagpur, West Bengal. This unit manufactures the industrial gearboxes and related accessories. The other 50% stake is held by Flender AG, which was globally acquired by Siemens AG in August 2005. This new business of Flender will strengthen Siemens Ltd.’s Automation and Drives Division and will expand its 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”.
Mr Schubert added, “ We have received the Board’s approval to acquire 50% stake in Flender Limited with its manufacturing unit. Our Investment-led growth strategy has paid-off, as seen in our performance. And as a part of our strategy, we will continue on the path of mergers and acquisitions that compliments our overall portfolio”.
Commenting on the new factory at Vadodara, Mr. Schubert 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 will manufacture Single Stage and Multi Stage Steam Turbines for industrial applications. All the components of Steam Turbines up to 45 MW will be manufactured locally. In addition, this new facility will also manufacture key components for the Steam Turbines up to 150 MW and provide after sales and repair services. 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.
The factory will cater to the domestic market below 150 MW and also supply turbine components to Siemens manufacturing facilities in Europe. Conforming to international standards, the company will establish this facility as a ‘Centre of Competence’ for smaller Steam Turbines.
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.