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Siemens Target Russian Iron and Steel for Growth

Siemens VAI is reorganizing its Russian business. “The share of Russian value added to our projects in the iron and steel industry will more than treble in the next two years”, Werner Auer, CFO of international plant builder Siemens VAI, announced to the press in Yekaterinburg on Thursday. “By acquiring other companies, establishing joint ventures and using our own resources, we intend to expand our network for engineering, plant and maintenance services in order to be closer to the customer”, said Andreas Lemp, who is responsible for business in the Russian iron and steel industry

Saturday 21 June, 2008 03:32 AM

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