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| Siemens begins fiscal 2012 with new structure German industrial giant Siemens will start off fiscal 2012 on October 1, 2011 with a further developed structure. The newly founded Infrastructure & Cities Sector begins operation on that day, as planned. In the future, the operating businesses of Siemens will be organized in the Industry, Infrastructure & Cities, Energy, and Healthcare Sectors. By forming the new Sector, the company plans to be a leading participant in the dynamic growth of cities and infrastructure investments. In the coming days, the global population will surpass the seven-billion mark. Ever greater numbers of people want to live in cities and will do so. Today, over half of the global population already lives in cities and this share will climb to 60 percent within 20 years, an increase of 1.4 billion urban residents. In response to this growth, cities throughout the world will have to massively invest in expanding their infrastructures. The market for urban investments addressed by Siemens currently totals around €300 billion a year. Siemens already offers the world's broadest and most comprehensive portfolio for urban infrastructures. The new Infrastructure & Cities Sector will manage the company's global business with cities and infrastructures from Munich, Germany. Siemens is bundling its competencies and business activities in one unit in order to offer cities solutions for mobility, environmental protection and energy saving. The new Sector, with around 87,000 employees, will contain the Mobility and Building Technology Divisions from the Industry Sector, as well as the Power Distribution Division and Smart Grid business from the Energy Sector. Infrastructure & Cities will comprise five Divisions: Rail Systems (rolling stock), Mobility and Logistics (traffic, transport and logistics management), Low and Medium Voltage, Smart Grid (intelligent power grids) and Building Technologies. Under this new setup, the Divisions can orient their respective businesses even closer to their target markets and, through close cooperation within the Sector, develop additional business opportunities in the growth market of cities. write your comments about the article :: © 2011 Construction News :: home page |