Siemens to expand position as green infrastructure giant

04 May 2009

CEO Löscher: "No one better equipped to lead the green revolution than Siemens"

Siemens intends to rigorously expand its world-leading position as a supplier of ecofriendly products and solutions.

Speaking at the company's semi annual press conference in Berlin Siemens president and CEO Peter Löscher referred to the statements of German resident Horst Köhler who, in his fourth Berlin address, called for an "environmental, industrial revolution."

"Technological revolutions have always been our specialty," said Löscher, adding "That's why no one is better equipped to lead the green revolution than Siemens."

He said, "As a green infrastructure giant, the company is a reliable, long-term partner worldwide due to its experience, technological expertise and solid financial position." The technologies in Siemens' environmental portfolio already generate sales of roughly €19 billion, accounting for about one-quarter of the company's total revenue.

In a time of economic crisis, Siemens is focusing more than ever on expanding its leading position in green technologies. Many of the recently enacted government stimulus programs project increased investment in infrastructure and production system upgrades. The G20 countries, for example, have called for some $430 billion in additional investment in more efficient and climate-friendly infrastructures under such programs in the years ahead. Against this backdrop, Löscher noted that Siemens as world leader in environmental technologies was already in an excellent position to generate additional business.