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| Siemens improves its profile for metallurgical plant construction Siemens is improving its profile for metallurgical plant construction by expanding its worldwide range of support and modernization services. The construction of new plants planned for the next few years, above all in China, India, Russia and Brazil, will only help to cover part of this growing demand, he continued. In the U.S. and Europe, production increases will be achieved by modernization of existing installations. Siemens is supporting this trend with its life-cycle maintenance services. With plant and process solutions plus matching products and life-cycle services, Siemens can provide everything that is needed to optimize the entire production chain in the iron and steel industry - from ore extraction to rolling and treatment of steel sheeting for the automotive industry. With new orders of € 2.6 billion (previous year: € 2.3 billion) and existing orders to the value of € 2.7 billion, the Metals Technologies Division of I&S was able to improve its world leadership position in the market in fiscal 2006 (ended on 30 September). The regions Asia-Pacific and Europe each contributed 30% to total new orders. North and South America together contributed 20% and so did the Middle East and Russia. The reduction in new plant business expected in the next few years is to be compensated for primarily by life-cycle services business, whose share in sales is to double to around one third by 2010. Due to increasing demand in modernization business, the share of electrical products in sales is to be increased considerably to around 30% by the year 2010. By expanding its services business, Siemens is reacting to the consolidation of steel manufacturers in the world market. By 2010, the ten largest companies will increase their present share of world steel production from around 28% to around 50% and, in 2015, will amount to a share of approximately two thirds. write your comments about the article :: © 2007 Construction News :: home page |