Siemens Energy shares slide 35% after company seeks support from German government

[ad_1] Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Shares of Siemens Energy tumbled 35% on Thursday after the company sought guarantees…

Full original equipment manufacturer rebuild and Siemens’ control for 1990s Holroyd rotor miller

[ad_1] Date published: 22 December 2023 An original Holroyd 2E-volution CNC rotor milling machine, pictured when new A previously owned piece of machinery from PTG Holroyd will be…

Siemens zooms 9%, hits all-time high on energy biz spin-off plan

[ad_1] Shares of heavy electrical equipment major Siemens Ltd surged 9% and hit a new lifetime high today after the company initiated the potential demerger of its energy business, and…

Siemens Energy rethinks wind business strategy after Q3 charges

[ad_1] Siemens Energy AG (ETR:ENR) said today it is reviewing the strategy at its wind subsidiary Siemens Gamesa in response to challenges at the business that led the German group…

Siemens Energy Reviews Wind Business Structure After Swing to Loss

[ad_1] Updated Nov. 15, 2023 3:11 am ET Siemens Energy is reviewing the structure of its troubled wind-turbine business and taking measures to strengthen the group’s balance sheet after swinging…

FG, Germany govt signs pact to accelerate implementation of Siemens power project – Businessday NG

[ad_1] The Federal Government has signed an accelerated performance agreement with German Chancellor, Olaf Scholzqq aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply…

Siemens AG set to acquire 18% stake in Siemens

[ad_1] Siemens announced that Siemens AG, based in Germany, will purchase an 18 percent stake in the company from Siemens Energy Holding BV at a rate of ₹2952.86 per share,…

Siemens Energy plans €400mn in cuts at struggling wind turbine business

[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Siemens Energy has said it is targeting €400mn of…

Siemens Energy reviews wind unit set-up after big loss

[ad_1] Siemens Energy is reviewing the structure of Siemens Gamesa, it said today, in a bid to return to profit the struggling wind division that caused a €4.6 billion annual…

Siemens Energy reviews wind unit set-up after $5 billion loss

[ad_1] [1/3]Siemens Energy CEO Christian Bruch addresses the annual results press conference in Munich, Germany, November 15, 2023. REUTERS/Leo Simon Acquire Licensing Rights No further provisions for faulty onshore turbine…