Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Siemens    SIE   DE0007236101

SIEMENS (SIE)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Siemens AG : Siemens To Build $160 Million Gas Turbine Plant In Saudi Arabia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/08/2012 | 05:51pm CEST

--Siemens, E.A. Juffali in JV to build the facility in Dammam

--Factory due for completion in late 2013

--Capacity to produce up to 20 turbines a year

By Ellen Knickmeyer

Of ZAWYA DOW JONES

DAMMAM, Saudi Arabia (Zawya Dow Jones)--German engineering conglomerate Siemens AG (SIE.XE) is building a 600 million Saudi riyals ($160 million) gas-turbine plant in the industrial city of Dammam to cater to the kingdom's growing market.

The factory, due for completion in late 2013, will have the capacity to produce up to 20 turbines a year in the initial phase, as much as Saudi Arabia would need each year under its current electricity expansion targets, Arja Talakar, chief executive of Siemens Saudi Arabia, told Zawya Dow Jones on Tuesday.

Siemens Energy along with its local partner E.A. Juffali and Brothers is building the facility to manufacture gas turbines and compressors to be supplied to the local Saudi market, where energy requirements are strongly increasing, the company said.

Oil-rich Saudi Arabia is exploring various options to substantially increase its energy production capacities to meet soaring demand at home. Some analysts and Saudi officials estimate domestic demand is growing at 8% a year.

The kingdom's deputy Electricity Minister Saleh al Awaji said Tuesday the country must add 3,000 to 4,000 megawatts of installed electricity capacity each year in the near future to keep up with the domestic demand. Current installed capacity is about 52,000 megawatts, Al Awaji added.

-Ellen Knickmeyer, Dow Jones Newswires, +966 1 279 5252, ellen.knickmeyer@dowjones.com

Copyright (c) 2012 Dow Jones & Co.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SIEMENS
07/25 SIEMENS : copaltec - All electrical devices have components built into them that..
07/25 SIEMENS : In Siemens Turbines Scandal, Russia Has Most to Lose (Op-ed)
07/24 SIEMENS : Russian Energy Minister Downplays Fallout From Siemens Turbines Contro..
07/24 SIEMENS : cites promising PHL FandB industry's digitalization
07/24 SIEMENS : Gamesa receives 20 Turbine Order from Indonesia for Equis Energy's 'To..
07/24 SIEMENS : Russian energy minister plays down risks in Siemens turbines row
07/24 SIEMENS : JV wins big Indonesia power plant order
07/23 SIEMENS : Germany says Crimean turbine scandal souring relations with Russia
07/22 SIEMENS : Tolo 1 wind farm
07/22DJSIEMENS : Train Makers Explore Merger -- WSJ
More news
News from SeekingAlpha
07/24 Siemens Is Cheap And Healthineers Helps To Unlock The Value
07/23 Tracking Ken Fisher'S Fisher Asset Management Portfolio - Q2 2017 Update
07/21 REUTERS : Siemens, Bombardier near deal to merge rail operations
07/21 WALL STREET BREAKFAST : Confidence In Bitcoin Is Back
07/21 Siemens exits Russian joint venture
Financials (€)
Sales 2017 84 795 M
EBIT 2017 9 303 M
Net income 2017 6 167 M
Debt 2017 17 743 M
Yield 2017 3,28%
P/E ratio 2017 15,34
P/E ratio 2018 14,77
EV / Sales 2017 1,38x
EV / Sales 2018 1,30x
Capitalization 99 663 M
Chart SIEMENS
Duration : Period :
Siemens Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Technical analysis trends SIEMENS
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 134 €
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Gerhard Cromme Chairman-Supervisory Board
Ralf Peter Thomas Chief Financial Officer
Helmuth Ludwig Chief Information Officer
Michael Diekmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
SIEMENS0.39%115 957
GENERAL ELECTRIC COMPANY-19.49%220 833
3M11.66%125 420
HONEYWELL INTERNATIONAL18.47%104 738
DUPONT16.47%73 134
ILLINOIS TOOL WORKS INC.15.67%49 047