Financial Times - Siemens business quadruples

Siemens business quadruples

Siemens’ business volume in Sri Lanka has increased four times in the last two years and has grown twice the GDP rate over the last 12 months, the company said last week.

Juergen Schubert, Managing Director, Siemens Ltd said that this was beginning of a new phase of the company’s association with Sri Lanka and was optimistic that this will grow provided the peace process brings political stability.

A Siemens statement said it has received some prestigious orders including many ‘firsts’ to its credit across diverse industries. It is supplying the first 10MW bio mass powered steam turbine to Tokyo Cements from its factory in India.

The company has provided the power distribution and integrated building management solutions to the country’s first multinational BPO unit – HSBC.

Picture shows from left – Rajiv Siva, Country Representative, Seimens, Sri Lanka; Ms. Kavita Ghatge, Vice President, Corporate Communications, Seimens; and Juergen Schubert.

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