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At a press conference held in Colombo today, Siemens, the global conglomerate in electrical and electronics engineering, announced that the company has registered a steady performance with its business volume growing twice the rate of GDP in the last one year, whereas the company’s business volume has grown four fold over the last two years.
Siemens India is responsible for the business development in Sri Lanka. Commenting on the company’s performance in Sri Lanka, Mr. Juergen Schubert, Managing Director, Siemens Ltd. said, “We are satisfied with the progress we have made in this short time with the active help of our local partners. We are at the beginning of a new phase of our association with Sri Lanka and are optimistic that this will grow, provided the peace process brings political stability. This will spur business sentiment and give rise to greater business opportunities for companies like ours.“
Within a short time, Siemens has received some prestigious orders including many ‘firsts’ to its credit across diverse industries. It is supplying the first bio mass powered steam turbine of 10 MW to Tokyo Cements from it’s factory in India. The Company has provided the power distribution and integrated building management solutions to the country’s first multinational BPO unit – HSBC. The country’s first Linear Accelerator used for cancer treatment is being supplied by Siemens. The company will also be supplying the first of its kind energy optimization drive solutions for the National Water Supply and Drainage Board.
In addition, the Company has executed significant projects in Sri Lanka. These include a substation for a 100 MW thermal plant set up by ACE Power at Embilipitiya; implementation of SAP for John Keells, Hutch and HEMAS to name a few. As a leader in lighting, the Company has provided lighting solutions for Premadasa Stadium.
Speaking on the Company’s future strategy in the Sri Lankan market, Mr Schubert said, “Sri Lanka is now on our global map of operations. Going forward, we will seek new opportunities to strengthen our presence and market reach through a dual marketing and sales strategy. Our liaison office is strongly supported by our network of local partners, who in-turn have strengthened their own outfits to cater to the market needs. To facilitate them, we too have strengthened our service and training support from India to Sri Lanka.”
Siemens is poised to contribute significantly in a number of Infrastructure development projects. While it is a technical partner for the proposed Mass Rapid Transit System project for Colombo along with NEB Infrastructures and OPUS International Malaysia, it is also working on Railway expansion projects with leading contractors. With worldwide focus on Water solutions Siemens in Sri Lanka is working on few projects to provide end-to-end solutions in this area.
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 INR 54,000 million. The company’s operations in India are very well established 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, 17 manufacturing plants, some 500 strong network of channel partners and through its 12 Companies, the Siemens Group employs about 13,000 people.
Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 461,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in 190 countries. Founded more than 155 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2005 (ended September 30), Siemens had sales from continuing operations of EUR 75.4 billion and net income of EUR 3.058 billion. Further information is available on the Internet at: www.siemens.com.