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Sustainability a Key Driver for Growth for Siemens Industry Solutions Finds Frost & Sullivan - In light of the global megatrends impacting businesses, economies, and societies, the question for sustainability within a business becomes of ever increasing importance
Sustainability a Key Driver for Growth for Siemens Industry Solutions Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/02/01 - In light of the global megatrends impacting businesses, economies, and societies, the question for sustainability within a business becomes of ever increasing importance.

   
 
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Siemens, as an integrated technology company, has set priorities working around global macro economic trends, such as demographic change, urbanization and climate change and has put its focus on sustainability and energy efficiency. "We want to create sustainable value for our customers by technology leadership," says Jens Wegmann, CEO of the Siemens' Industry Solutions Division. "Therefore, our overall object is to create benefits for our customers, for our investors and obviously also for our employees."

In an interview with Frost & Sullivan, Wegmann explains the sustainability strategy of Siemens and its environmental solutions for the steel, water and mining industries.

According to Wegmann, the Industry Sector of Siemens has clearly focused on the challenges of climate change as well as urbanisation. The Industry Solutions Division launched its so called Eco-Care-Matrix in a joint cooperation with the University of Copenhagen, a tool to bring the environmental impact of a solution together with its economical aspect. "Green solutions have to be measurable and qualifiable in terms of their economic effect, " Wegmann believes. As an example he cites the Siemens Corex technology for the metals industry: "Applying the Corex technology, which functions as an alternative to a blast furnace route, can help saving around 30 percent of CO2 emissions." Upon evaluation of the technology, results are shown in a matrix, presenting the environmental impact while demonstrating the economic effectiveness of the technology at the same time. Thus, the matrix helps to ensure transparency regarding both aspects.

The technology portfolio for the water sector is also part of Siemens' green solutions. Wegmann explains: "When discussing green solutions, you cannot separate water from energy and CO2, as they are all interdependent. Yet in order to meet the requirements regarding urbanisation and population growth in different regions of the world and evaluating its impact on the need of water, Siemens has established a hub-concept for water technologies." These hubs established in Brazil, China, Europe, Russia, Middle East and Singapore are qualified to have a certain technology expertise supporting the sales force and bringing the technology close to the customers. The hubs aim at establishing more new competences and skills in some areas in order to be able to capture those markets and related potentials.

Even though the mining sector had a quiet 2009 with commodity prices having fallen, Siemens sees many opportunities for this industry in the future. Wegmann launched a programme called SHAPE 2012: Solution House Advance Perform and Execute, consisting of eight modules, of which the growth in the mining industry is one. "There is a big need for process water treatment in the mining industry, " Wegmann says. "In 2009 we acquired a company for filter presses in the mining industry, which is only one of the reasons why Siemens has great potential and ability to bring together its process technologies in mining with its water expertise."

The goal of Siemens Industry Solutions for 2020 is set on international growth and to establish the business very strongly in the large growth areas around Asia and Middle East. Wegmann concludes: "In the global water market we are already the number one, today. But the challenge is to keep and expand this position, especially in Asia including China."

If you are interested in the full interview, please email Katja Feick, Corporate Communications, at katja.feick[.]frost.com, with your full contact details. Upon request, the interview will be emailed to you.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

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About Siemens Industry Solutions Division
The Siemens Industry Solutions Division (Erlangen, Germany) is one of the world's leading solution and service providers for industrial and infrastructure facilities comprising the business activities of Siemens VAI Metals Technologies, Water Technologies and Industrial Technologies. Activities include engineering and installation, operation and service for the entire life cycle. A wide-ranging portfolio of environmental solutions helps industrial companies to use energy, water and equipment efficiently, reduce emissions and comply with environmental guidelines. With around 29,000 employees worldwide (September 30), Siemens Industry Solutions posted sales of €6.0 billion in fiscal year 2010. siemens.com/industry-solutions.

Contact:
Stefanie Schiller, Communications I IS CC PR
P: +49 (9131) 7-42913 / M: +49 (173) 7045447 - E: stefanie.schiller[.]siemens.com.

 
 
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Sustainability a Key Driver for Growth for Siemens Industry Solutions Finds Frost & Sullivan

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