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
Report
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 CET

--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, [email protected]

Copyright (c) 2012 Dow Jones & Co.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SIEMENS
11/23 SIEMENS : Labour union warns Siemens over power restructuring
11/23 SIEMENS AKTIENGESELLSCHAFT : Notification and public disclosure of transactions ..
11/22 SIEMENS : TS&S completes first full overhaul on Siemens Industrial Trent
11/21 SIEMENS : Researchers Submit Patent Application, "Method and Apparatus for Multi..
11/21 SIEMENS : Patent Issued for Radionuclide Assay Station (USPTO 9815063)
11/21 SIEMENS : Patent Issued for MRI Antenna Coil Selection Unit within Patient Table..
11/21 SIEMENS : tackles structural market changes and strengthens global competitivene..
11/20 SIEMENS AKTIENGESELLSCHAFT : Release of a capital market information
11/20 MTN : Company news in brief
11/18 SIEMENS : transfers industrial software to first Saudi universities
More news
News from SeekingAlpha
11/21 Siemens To Acquire Solido Design Automation For EDA Tech
11/20 As Merkel's Coalition Talks Collapse, Your Portfolio Is At Higher Risk
11/16 Siemens says it is cutting 6,900 jobs worldwide
11/16 Siemens may cut 4,000 jobs
11/15 The spotlight falls on electric trucks
Financials (€)
Sales 2018 85 894 M
EBIT 2018 8 606 M
Net income 2018 5 933 M
Debt 2018 18 720 M
Yield 2018 3,37%
P/E ratio 2018 15,52
P/E ratio 2019 14,11
EV / Sales 2018 1,34x
EV / Sales 2019 1,25x
Capitalization 96 390 M
Chart SIEMENS
Duration : Period :
Siemens Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Technical analysis trends SIEMENS
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 130 €
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Gerhard Cromme Chairman-Supervisory Board
Ralf Peter Thomas Chief Financial Officer
Roland Emil Busch Chief Technology Officer
Helmuth Ludwig Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
SIEMENS-2.48%114 049
GENERAL ELECTRIC COMPANY-42.56%157 398
3M29.69%137 931
HONEYWELL INTERNATIONAL28.92%113 504
ILLINOIS TOOL WORKS INC.30.21%54 686
JARDINE STRATEGIC HOLDINGS LIMITED30.54%47 565