Tag: Joe Kaeser

Siemens to remain in Australia mining project despite environmental concerns

BERLIN, Germany (AFP) – Siemens boss announced Sunday that the German conglomerate has decided to remain involved in a controversial Adani Carmichael coal mining project in Australia, despite massive environmental criticism as the country faces unprecedented bushfires. The contract for some 18 million euros ($20 million) calls for Siemens to supply rail infrastructure for the Carmichael mine in Queensland, near the Great Barrier Reef. “We have just finished our special meeting…. We have evaluated all […]

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Siemens says profits up on global upturn

FRANKFURT AM MAIN, Germany (AFP) — German engineering giant Siemens said Wednesday that profits jumped in the first quarter, driven by rising demand for its products in areas ranging from renewable energy and trains to industrial robots. Siemens, which runs its business year from October to September, said in a statement net profit jumped by 12 percent to 2.2 billion euros ($2.7 billion) in the three months to December. Underlying or operating profit was also […]

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