Siemens with Restructuring

Wind Industry Profile of

Next step in further improvement of competitive position / Setup of standalone company under Siemens umbrella

Siemens is giving its mechanical drives unit (Mechanical Drives, MD) a new setup that will enable the business to operate more efficiently and flexibly in implementing its growth plans in a competitive environment. MD's market, which is dominated by medium-sized companies, is currently characterized by weak growth, increasing competition from the Asian region and overcapacities, with correspondingly high price pressure. To achieve greater room to maneuver and intensify its business-specific orientation, the unit is to be managed in the future as a separate company under the Siemens umbrella. Siemens is also planning to invest in the business's... ... More: Official Press Release Siemens

Keywords:

Siemens, Winergy, Flender, mechanical unit