Siemens Ranks as One of the World’s Top Companies
Fortune Magazine Global 500 Names Siemens the Number One Electronics and Electrical Equipment Maker
New York, Jul 21, 2006, Siemens, the global infrastructure and electrical engineering company, has again been ranked one of the world’s top 500 companies by Fortune Magazine. Based on revenues, the publication’s Global 500 listed Siemens as the 22nd largest company overall and number one in the category of electronics and electrical equipment.
With its primary areas of business focused on energy and the environment, infrastructure and industry, and healthcare, Siemens reported worldwide sales of $96 billion for the fiscal year ending September 2005.
Over the past year, Siemens has grown organically through new product innovation and is the fifth largest corporate spender in research and development in the world. Siemens also has grown through strategic acquisition, having invested more than 9 billion euros in the past 18 months on 30 acquisitions in the areas of medical imaging, clean-coal technology, pollution control, wind power, and water technologies.
In the United States, Siemens posted $19 billion in revenue for FY05 and recently recorded its ninth consecutive quarter of double digit growth. Said George Nolen, President and CEO of Siemens Corporation, “We are well positioned for continued growth as we remain focused on the trends that are driving the way Americans live and work, such as urbanization and changing demographics.”
Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Founded nearly 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $18.8 billion and employs approximately 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens’ worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 460,000 people in 190 countries. For more information on Siemens in the United States: www.usa.siemens.com.
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