Fifteen Things You Didn't Know About Siemens

Fifteen Things You Didn't Know About Siemens

 

Today revealing in this post i am  going to share about Siemens Company that you don’t know previously. So let’s talk about some interesting and little-known facts about Siemens AG.

               Siemens AG one of the most successful conglomerates worldwide. Siemens AG is a German conglomerate(Combined) headquartered in Berlin and Munich but started out as a small company called Siemens and housekey which was founded by Verner von Siemens and Johann housekey in 1847 .

   Their company quickly grew based on the invention of a telegraph that used a needle to point to letters rather than using Morse code in 1848 .

                     the company also built the first long-distance telegraph line in Germany revolutionizing the telecommunications industry by 1907 Siemens was the seventh largest company in Germany  now 170 years.

 

                         After its founding Siemens has expanded incredibly largely thanks to the many and varied acquisitions the company has made throughout its history it has become involved in a number of industries including wind power, gas ,power energy management, transportation, health care, automation and more the four principal divisions of the company .

                        Our industry, energy ,health care and infrastructure and cities it is currently the largest industrial manufacturing company in Europe with a branch offices abroad. 

                    Although it has not been run by the Siemens family since 1981 the innovative spirit of the founder still remains a strong part of the company's foundations we are inspired by Siemens long-running success dedication to bettering the world commitment to quality and forward-thinking nature .

             So without further ado let's take a closer look at this impressive global success story with the 15 things you didn't know about Siemens

1.      Siemens is the 49th most valuable brand in the world with a brand value of eleven point five billion dollars brand revenue of eighty four point seven billion and a market cap of one hundred nine point eight billion, Siemens has earned the 49th spot on the Forbes list of the world's most valuable brands placing them right behind pampers and right ahead of the Bank HSBC it's also 70th in profit 63rd in sales and 13th on the list of the world's best employers.

2.      Siemens holds around 63 thousand patents globally in 2017 Siemens filed around three thousand six hundred and fifty patents which was 150 more than they had filed the previous year globally the company currently holds around 63 thousand patents.

3.      number three Siemens operates in more than 190 countries .Siemens has a local presence in more than 190 countries. it also has 290 production sites and factories located in more than 40 countries around the world they also inspect and maintain 200 gas power plants and 150 steam powered plants globally.

4.     Siemens invested over six point six billion dollars in R & D in 2017 there’s no question that research and development is an integral part of Siemens business. in 2017 the company actually spent more money than ever before on R & D with an investment of six billion six hundred and thirty 1 million five hundred and twenty thousand dollars in this one area alone . Siemens says the money is well spent as it flows directly into their fields of innovation and secures the future of their business.

5.     They made the first 3d printed gas turbine blades Siemens earned an award from the American Society of American engineers in 2017 ,for being the first company to create and successfully test 3d printed gas turbine blades Siemens plans to expand their use of this innovative technology and become one of the leaders in global revolution in product design and production.

6.     Siemens is the number one top regarded company in the world. according to Forbes to determine which company is the top regarded globally Forbes surveyed 15 respondents in 60 different countries, about their opinions of the top 2000 companies in the world. companies were evaluated based on trustworthiness honesty social conduct their role as an employer and the performance of their product or service. Siemens claimed the title of the top regarded company in the world based on these results the other companies in the top five are michelin alphabet Nintendo and Walt Disney.

7.      Siemens employees average 35 inventions per day in 2017 Siemens researchers submitted about 7,000 450 invention disclosures on a total of 220 work days which averages out to 34 inventions per day every year. Siemens recognizes their most accomplished researchers in an inventors of the Year ceremony and in 2017 14 researchers were selected for that honour collectively. these 14 researchers accounted for 1,300 inventions and 920 patents in a 1 year span.

8.      Siemens set a record for most lights lit by pedal power in 2012. Siemens in Australia and New Zealand organized a world-record, effort to have the most lights lit by pedal power a total of 120 bikes were attached to alternators 112 of them were arranged in the shape of a Christmas tree and eight more. were set up on a stage in front of an audience the bikes were pedalled to create enough energy to light a total of 35,000 28 lights on a number of Christmas trees.

9.      Siemens is the world's largest wind turbine manufacturer.  wind power is one of the most rapidly growing industries in the world in 2014 alone 100 billion dollars was invested in wind power. Siemens has over 17,000 wind turbines with a total capacity of 34 giga watts and the numbers are steadily increasing.  In 2016 Siemens paid 1.13 billion dollars to merge their wind business with rival Company G Mises win business to become the largest wind turbine manufacturer worldwide exceeding Vestas.

10. They bought the rolls-Royce energy business for 1.3 billion dollars. in 2014 rolls-royce agreed to sell their gas turbine and compressor energy business to Siemens for 1.3 billion dollars. The deal included a 25 year licensing agreement that gives Siemens access to rolls-Royce gas turbine technology didn't know rolls-royce was involved in  he energy sector. fascinating facts about the British company.

11.  Siemens was found guilty of paying bribes to secure contracts United States investigators found that Siemens had paid around 1.3 billion dollars in bribes. in many countries over five years time to secure contracts and kept separate books to cover up the illegal activity in 2008 .the company had to pay 1.6 billion dollars half to the US and half to Germany which was the largest bribery fine up until that point in history the company also had to spend 1 billion dollars to set up and fund new internal compliance regimens. Siemens did not plead guilty to bribery because that would bar them from contracting with the US government and they remain one of the u.s. military’s. most prominent contractors instead they pled guilty to violating accounting provisions of the Foreign Corrupt Practices Act . Siemens has since had to settle a number of other bribery charges from other regulatory bodies in a variety of countries.

12.Siemens wants to be the first major company to become carbon neutral in 2015 Siemens announced their plan to cut their co2 emissions by half by 2020 and to be completely carbon neutral by 2030. this would make them the first major company worldwide to completely erase their carbon footprint going forward since announcing the initiative. Siemens has already reduced their co2 emissions by 20% by investing over 118 million dollars in improving the energy efficiency of their own buildings and production facilities this will also save the company over 23 million dollars per year

13. Siemens supplied electrical parts to Nazi concentration camps Siemens. actually has a very dark past in connection with World War two and Germany.  the company exploited he forced labour of people in extermination camps and they actually owned a plant in the Auschwitz concentration camp and the company also supplied electrical parts to Nazi concentration and death camps.

14. the health and ears launch dance embarrassed the company. in 2016 the Siemens health care sector introduced their new brand name health and ears with a five-minute dance routine outside of the health and the headquarters in our lung in Germany the dance did not have the reaction, the company hoped for it caused a PR nightmare and was even described as a writhing spandex clad horror by the Financial Times newspaper. the health and year CEO Bernd Montag. later admitted the dance was a mistake

15.the Siemens family remains the largest shareholder Siemens has issued 881 million shares of common stock but even 170 years. after Verner von Siemens established the company. the Siemens family remains the largest shareholder with six point nine percent also the state of Qatar owns three point zero four percent of shares and the government pension fund of Norway owns 2.5 percent.