EU - railroad industry: EU Commission rejects Siemens- Alstom merger

European Commission rejects Siemens-Alstom rail merger European Union authorities on Wednesday rejected a massive rail merger deal between France's Alstom and Germany's Siemens in what the two nations had hoped would have created a global competitor to stand up to China.

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http://www.france24.com/en/20190206-france-european-commission-rejects-siemens-alstom-rail-merger

EU RAIL INDUSTRY MERGER: Franco-German deal creates European high-speed railway champion conglomerate

Europe's High Speed  Railroad 
Network Best In The World

Train manufacturers Siemens and Alstom penned a merger agreement on Monday in Paris, pending an approval by anti-trust authorities.

The main rationale is the emergence of a Franco-German European champion able to compete with China’s state-owned CRRC giant. The new European champion will have a combined turnover of €15bn, about half the market share of CRRC

Alstom has just under 33,000 employees Europe'sworldwide, just over the Siemens Mobility section of 29,000.

The new company will be headquartered in France, which has a technological edge having developed the TVG high-speed train system. News of the merger in autumn 2017 was met with skepticism, with the French press opposing a majority stake by Siemens.

Siemens will own 50% of Alstom, gaining a 0,5% controlling stake over the next four years. The French government backs the Paris-based company and will be placing a major multi-billion Euro order for over 100-next generation TGV trains over the next three months.

Alstom employs 32,800 people worldwide. Siemens Mobility has 28,800 staff members.

Read more: Franco-German deal creates European high-speed railway champion

European Airplane Industry: Airbus, Siemens To Work Together On Electrically-Powered Planes

Electric Aircraft In The Future At AIRBUS and SIEMENS

European aerospace group Airbus has signed a deal with industrial group Siemens to work on hybrid electric propulsion systems with the aim of building small planes that could be partly powered by electricity by 2030.

The two companies will aim to demonstrate the technical feasibility of various hybrid electric propulsion systems by 2020, they said in a statement on Thursday.

The two have put together a team of about 200 people to work on developing electrically powered aircraft and will make "significant contributions" to the project.

"We believe that by 2030 passenger aircraft below 100 seats could be propelled by hybrid propulsion systems and we are determined to explore this possibility together with world-class partners like Siemens," Airbus Group CEO Tom Enders said.

Read more: Alternative Energy Airbus, Siemens To Work Together On Electrically-Powered Planes

German engineering firm Siemens cuts thousands of jobs

German firm Siemens has confirmed it is to cut 7,800 jobs worldwide.

The statement from Europe’s biggest engineering company, announcing the losses said the move was to streamline administrative functions and overhead costs.

About 3,000 positions will go in Germany, most of them white collar workers. The cuts, which represent about two percent of the workforce, had been expected.

Chief executive Joe Kaser announced last year that the company needed to eliminate jobs in a bid to slash about one billion euros in costs, to combine some of its divisions and to refocus its business portfolio.

Siemens is active in several sectors including energy, medical equipment, scanning systems for industry and in transport.

Read more: German engineering firm Siemens cuts thousands of jobs | euronews, world news

Railroads: German Siemens Velaro High-Speed Train Coming to Florida

Siemens announced plans to present its vision of U.S. high-speed rail to the people of Florida with its "Future of Florida High-Speed Rail Tour," a traveling exhibit featuring a full-sized model of the Siemens Velaro high-speed train. The tour kicks off Oct. 7, 2010 with a special VIP event at Tampa's MOSI (Museum of Science & Industry).Siemens today announced plans to present its vision of U.S. high-speed rail to the people of Florida with its "Future of Florida High-Speed Rail Tour," a traveling exhibit featuring a full-sized model of the Siemens Velaro high-speed train. The tour kicks off Oct. 7, 2010 with a special VIP event at Tampa's MOSI (Museum of Science & Industry).

For more: Siemens Velaro High-Speed Train Coming to Florida -- TAMPA, Fla., Sept. 13 /PRNewswire/

Alternative energy:/Windpower: Siemens Introduces New Wind Turbine

EU-Digest

Siemens Introduces New Wind Turbine

Siemens Energy has introduced the SWT-2.3-101, which is ideally suited to sites with low to medium wind speeds, according to the company. With a rotor diameter of 101 meters, the new wind turbine is expected to provide more power at lower wind speeds, significantly increasing the return on investment of wind farms. The new SWT-2.3-101 wind turbine is ready for delivery. Low to medium wind market segments are expected to grow substantially in the future. The low-wind market alone is expected to represent one-third of the total global wind power market in the coming years.

"We are confident that the new machine will set the industry standard for quality and reliability in low to medium wind markets," says Andreas Nauen, CEO of Siemens' wind power business unit. "The new wind turbine will open up a range of potential new sites for our customers, as they can now generate higher returns in the increasingly important low-wind market segment."

Global Pensions: Norway places Siemens under observation and excludes Chinese company Dongfeng Motor Group from Govt Pens.fund - by Giovanni Legorano

For the complete report from Global Pensions click on this link

Norway places Siemens under observation and excludes Chinese company Dongfeng Motor Group from Government Pension fund - by Giovanni Legorano

The move comes as the German police are investigating allegations that Siemens had a €200m (US$260m) slush fund to help win overseas contracts.Norwegian minister of finance Kristin Halvorsen said: "Siemens are now in the public eye and the company has initiated a range of anti-corruption measures. By placing the company under observation we will contribute to keeping up the momentum on the anti-corruption efforts."

In addition, the ministry of finance has excluded the Chinese company Dongfeng Motor Group from the Government Pension Fund - Global, due to the fact the company sells military trucks to Burma. Halvorsen said: “We cannot finance companies that support the military dictatorship in Burma through the sale of military materials.”

Windfair.net: Siemens eyes to invest in Turkish wind energy market

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Siemens eyes to invest in Turkish wind energy market

Europe's largest engineering conglomerate, Siemens, has taken steps to increase its position in the Turkish renewable energy market. Siemens Turkey CEO Hüseyin Gelis and Wolfgang Dehen, a board member and the company's energy division CEO, expressed their strong will to invest in the Turkish wind energy business in particular at a roundtable with members of the press in İstanbul on Tuesday. "We see a huge market of opportunities in Turkey's energy sector. And we strongly wish to invest in this market!" Dehen said. "Turkey is among the world's top five fastest growing countries and is currently the 17th most important economic power of the world, with the potential to move up to 15th place in 2008," Dehen said, explaining that these growth rates will naturally be reflected by a rapidly increasing demand for energy in the future.