History of Siemens

Siemens AG FWB: SIE, NYSE: SI is one of the world's largest electromechanical companies, founded in 1847 by Werner von Siemens. Today, its international headquarters are located in Munich, Germany. Siemens AG is listed on the Frankfurt Stock Exchange and the New York Stock Exchange.In 2005, Siemens employed 460,800 people across the Group in 190 countries and territories, generated global revenues of 75,445 million euros (compared with 70,237 million euros in 2004), and profit after tax fell to 2,420 million euros compared with 3,660 million euros in 2004

History of Siemens

On Oct. 1, 1847, Werner von Siemens founded the company based on his invention of telegraphy, which used a pointer to point out the order of letters rather than Morse code. The company became known as Telegraphen-Bauanstalt von Siemens & Halske. In 1848, the company built Europe's first long-distance telegraph line, spanning 500 kilometers from Berlin to Frankfurt. In 1850, the founder's brother, Carl Wilhelm Siemens, opens a representative office in London. Nineteenth century Siemens

In the 1950s, the company was involved in the construction of a long-distance telegraph network in Russia. In 1855, Carl Heinrich von Siemens, another brother of the founder, established a new branch in St. Petersburg. The company continued to grow and became involved in electrical trains and light bulbs. 1890 saw the retirement of the founder, who left the company to his brother Carl Heinrich and two sons, Arnold von Siemens and Georg Wilhelm von Siemens. 1897 saw the joint venture between Siemens and Halske ( In 1897, Siemens and Halske jointly founded the company S&H. In 1919, S&H and two other companies **** together founded the Osram Lightbulb Company (Osram Lightbulb Company). In 1923, a Japanese branch was established.

World War II

Siemens at CeBIT in Hanover Siemens Forum in Erlangen ("Him Beer Palace") Siemens branch in Alt-Treptow, Berlin Siemens branch in Vogelweiher Strasse, Nuremberg In the 1920s to Between the 1920s and the 1930s, S&H began producing radios, televisions and electron microscopes. Prior to World War II, S&H was involved in Germany's secret war effort. In World War II, Siemens supported Hitler's regime and contributed substantially to the war effort and the Nazification of the economy. Siemens had many factories located in or around the infamous concentration camps to build electrical switches for the military. For example, about 100,000 Auschwitz laborers worked in the Siemens factory in the camp, which provided electricity to the camp. Siemens also built some of the gas chambers in the camp. Between 1937 and 1938 (when the Japanese carried out the Nanjing Massacre in the city of Nanjing), Rabe, an employee of the German company Siemens in China, used his privileged status as a foreigner to establish the Nanjing Wartime Safety Zone in Nanjing, China, to protect some 250,000 Chinese civilians. [2][3]

Post-war

In the 1950s, S&H began producing computers, semiconductor equipment, washing machines and pacemakers. In 1966, Siemens AG was founded. In 1967, Siemens AG and Robert Bosch GmbH set up a joint venture for the production of mainly white goods, Bosch Home Appliances (BSH), which later became the market leader for home appliances in Germany and Western Europe. In 1980, the company's first digital telephone exchange rolled off the production line. In 1988, Siemens and General Electric acquired the British defense and technology company Plessey, which was renamed Siemens Plessey after Siemens took over the avionics, radar, and traffic control parts of the company due to a split in the company's holders. In 1990, Siemens purchased the troubled Nixdorf computer company and renamed it Siemens Plessey. renamed Siemens Nixdorf Informations System AG. The company was already profitable under the leadership of Gerhar Schumeyer, and in 1997 Siemens launched its first GSM portable phone with a color screen. Also in 1997, Siemens entered into agreements with British Aerospace and DASA to supply them with defense equipment manufactured by Siemens Plessey. British Aerospace and DASA are responsible for the procurement of military equipment in the UK and Germany respectively. In 1999, Siemens' semiconductor business was spun off to form a new company, Infineon Technologies. In the same year, the Siemens Lidovic Information Systems Unit became part of Fujitsu-Siemens Computers. In July 2002, Siemens signed a three-year sponsorship contract with Real Madrid soccer club in Spain, with "Siemens Mobile" appearing on the chest of the Real Madrid jersey. Real Madrid

In 2004, Siemens Mobile launched the 65 series of cell phones to the market, a good user interface, user-friendly operation, practical features designed to make the 65 series of cell phones are widely welcomed, but due to software problems that make Siemens cell phones had to be recruited back, and a year after the acquisition of the ambush was buried. In 2005, Taiwan's BenQ acquired Siemens' financially troubled cell phone company and received exclusive rights to use the Siemens trademark for five years under the full name BenQ-Siemens. 250 million euros were invested by Siemens and assets worth 100 million euros were written off before the cell phone company was transferred to BenQ (1). Siemens likewise acquired a 5 percent stake in BenQ for approximately 50 million euros. On October 30, 2006, Siemens announced the establishment of the Siemens China Research Institute in Beijing. [1] Siemens is currently embroiled in a bribery case with a huge amount of money, well over 426 million euros [2] leading to the resignation of the current CEO, Klaus Kleinfeld.

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Siemens headquarters

SIEMENS LOGO

Siemens AG The Siemens Group of companies, headquartered in Berlin and Munich, is one of the largest electrical engineering and electronics companies in the world. Sustainability has been a distinctive feature of Siemens since the company was founded. At Siemens, sustainability means long-term economic success as well as environmental awareness and social responsibility as a good corporate citizen. in the 2005 fiscal year (ended september 30), the company employed around 461,000 people worldwide and achieved sales of 75,445 million euros and net income of 3,058 million euros. 80 percent of sales came from Germany. Eighty percent of these sales came from outside Germany. Siemens is a large international company with operations in more than 190 countries and some 600 plants, research and development centers, and sales offices worldwide. The company's business focuses on six main areas: information and communication, automation and control, power, transportation, medical systems and lighting. Siemens' global business operations are organized into 13 business groups, including Siemens Financial Services Ltd. and Siemens Premises Asset Management Group. In addition, Siemens has two joint ventures, Bosch-Siemens Home Appliances Group and Fujitsu Siemens Computers (Holdings) Ltd. Siemens has a well-established business portfolio in the fields of electrical engineering and electronics. Siemens' business activities are influenced by various regional and industry factors. With the exception of international businesses (such as the Power Generation, Transmission and Distribution, Medical Systems, and Transportation Technologies Groups, which generally have long business cycles), other areas of business (such as the Consumer Goods business of the Communications Group and OSRAM, and the Capital Goods business of the Automation and Drives Group) are susceptible to short-term business trends and prevailing economic conditions. The favorable business mix helped Siemens to cope with the severe challenges posed by the difficult business environment in fiscal 2005. In addition, Siemens' business areas are well positioned to reflect the megatrends of the future. Siemens is currently developing new solutions to meet the challenges of the future in the areas of health, energy, water treatment, communications, transportation, security, logistics, and automation. As a global company, Siemens takes full advantage of the synergies of its diverse business portfolio, which is guided by the company's overall strategy, with a clear structure and responsibilities, and actively creates value on the ground. The company's traditional strengths are its ability to innovate, its customer focus, its global presence and its financial strength. Siemens' business activities are centered on the global electrical market, which totaled EUR 2,690 billion in 2005. With the current cooling of the world economy, the growth of the global electrical and electronics market is expected to decline slightly in 2006. However, with its growth rate of nearly 7.5%, the market will still maintain its long-term growth momentum. For a world-class company in the field of electrical engineering and electronics, innovation is a top priority. in 2005, the company invested 5.2 billion euros in research and development in order to remain at the forefront of technology. in the 2004 fiscal year, Siemens' research and development staff*** realized some 8,800 inventions, an increase of 7 percent over the previous year, of which two-thirds were patented. In the field of patents, Siemens topped the list in Germany, ranked second in Europe, and was among the top ten in the United States. The majority of Siemens' nearly 47,000 research and development employees work on software projects, making Siemens one of the largest software development organizations in the world. Siemens is also committed to continuously increasing its range of services, solutions and systems to further round out its portfolio. Siemens' transparent and accountable management and monitoring system is a guarantee for the company's sustainable growth and an indispensable condition for Siemens and its business policies to gain and maintain credibility. Siemens has always attached great importance to respecting and protecting the rights of its shareholders by providing them with timely and unobtrusive information about the company, by ensuring close cooperation between the Management Board and the Supervisory Board, and by adhering to international and national laws and regulations. As a good corporate citizen, we are also committed to helping improve the living standards of the people in the countries in which we operate, supporting the education and training of the younger generation, alleviating social problems and promoting local arts and culture.

With more than 900,000 shareholders, Siemens is one of the world's largest publicly traded companies. More than 55% of the company's share capital is raised outside Germany. Since March 2001, Siemens shares have been listed on the New York Stock Exchange (NYSE). Siemens' earliest operations in China date back to 1872, when Siemens exported the first pointer telegraph to China. For more than 130 years, Siemens has been active in the Chinese market and is a leader in the industrial, energy and healthcare business sectors. Over the years, Siemens has become an integral part of China's economy and a reliable, loyal and trustworthy partner. Siemens has fully invested its environmental business portfolio and innovative solutions in its cooperation with China, demonstrating its strong determination to help China achieve sustainable development. The company has witnessed the great changes brought about by China's reform and opening up, and at the same time, it has also followed the trend of the times to actively carry out its own reform and development. To date, Siemens has established more than 90 companies and 61 offices in China. Siemens' business organizations and regional and provincial general managers throughout China enable the company to better grasp the pulse of the market, understand local information, and meet customers' needs more quickly and efficiently. In FY2008 (Oct. 1, 2007-Sept. 30, 2008), Siemens' sales revenue in China reached RMB 57 billion, and new orders totaled RMB 65.5 billion. With more than 43,000 employees in China, Siemens is one of the foreign-invested enterprises with the largest number of employees in China.