Siemens named Asia Pacific Industrial Automation Company of the Year by Frost and Sullivan

Stocks and Financial Services Press Releases Wednesday August 27, 2008 09:16

Siemens has been recognized as the Asia Pacific Industrial Automation Company of the Year at the 2008 Frost & Sullivan Asia Pacific Industrial Technologies Awards held in Singapore. This is the second Frost & Sullivan award the company has clinched in the past year.

The Asia Pacific Industrial Technologies Awards were introduced to the Asia Pacific region in 2006 and are held annually to honor and recognize the best practices demonstrated in the smart card, radio frequency identification, security, electronics, industrial automation, industrial process control, energy & power systems, environment & building technologies and additionally this year, chemicals, materials and food industries.

According to Frost & Sullivan, the award was conferred on Siemens for its continuous excellence and innovation in automation solutions in all sectors of the manufacturing and process industry.

Siemens is a world leader in industrial automation, dedicated in empowering its customers with industrial solutions that simplify and speed up their processes, and enhancing productivity. It offers an integrated range of products and systems for automation solutions in all sectors of the manufacturing and process industry based on Totally Integrated Automation.

“Frost & Sullivan is delighted to confer the 2008 Asia Pacific Industrial Automation Company of the Year award to Siemens. The automation and software market is highly competitive and this award is a true recognition of the undisputed market leadership position demonstrated by Siemens in 2007. Its overall market share is largely built up from leading positions in key product segments and its ability to be a one stop shop for automation across a wide range of end users.

Technological superiority, product quality, wide sales & support network and flexible product range have enabled Siemens to attain this position,” said Satish Lele, Director of Industrial Technologies at Frost & Sullivan.

“Winning this prestigious award is an honor and testament to our commitment to our customers in delivering the best solutions and service possible to meet their business requirements,” said Mr Lothar Herrmann, CEO of ASEAN Industry Sector at Siemens. “It is an honor for us to be recognized by Frost & Sullivan for our efforts in these fields.”

Earlier this year, Siemens also bagged the Frost & Sullivan Market Leadership Award in the PLC (Programmable Logic Controller) Market in four countries – Singapore, Indonesia, Thailand and Vietnam. This award is given to companies who have shown excellence in capturing market share within its industry through the implementation of excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics in the implementation of market strategy.

“Asia is a very important market for Siemens and we will continue to invest our efforts and resources to develop our businesses here in this region,” said Mr. Herrmann. “We remain committed to our work of excellence and innovation, and in providing answers to our industry’s and society’s most vital challenges.”

The Siemens Industry Sector is the worldwide leading supplier of production, transportation and building technologies. With integrated hardware and software technologies as well as comprehensive Industry-specific solutions, Siemens increases the productivity and efficiency of its customers in the fields of industry and infrastructure.

The Sector consists of six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram. With around 209,000 employees worldwide Siemens Industry achieved in fiscal 2007 total sales of approximately EUR40 billion (pro forma, unconsolidated). www.siemens.com/industry

The Siemens Industry Automation Division is a worldwide leader in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industries to solutions for whole industrial sectors that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers – from product design and development to production, sales and a wide range of maintenance services.

About Best Practices

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, its Growth Consulting and its Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan’s Growth Partnerships, visit www.frost.com.

www.awards.frost.com
Disclaimer

Any statements in this document that are not historical facts are forward-looking statements that involve risks and uncertainties; actual results may differ from the forward-looking statements. Siemens undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


Latest Press Release

Fitch Downgrades CGS-CIMB TH to #A(tha)/F1(tha)#; Off Outlook Stable

Fitch Ratings (Thailand) has downgraded CGS-CIMB Securities (Thailand) Co., Ltd.'s (CGS-CIMB TH) National Long-Term Rating to 'A(tha)' from 'AA-(tha)' and National Short-Term Rating to 'F1(tha)' from 'F1+(tha)'. All ratings have been removed from Rating...

Commons Foundation Signs Contract for Blockchain Business Backed by the Paraguay Government

Combining Paraguay's low-cost and abundant electricity with the Commons Foundation's expertise in blockchain technology, the world's largest cryptocurrency mining center and global exchange is to be established. - The "Golden Goose" project will...

mai welcomes real estate developer CMC on November 19

Market for Alternative Investment (mai) will list Chaoprayamahanakorn pcl, a leading real estate developer onNovember 19, under the ticker symbol "CMC". The company has a market capitalization at its initial public offering (IPO) of THB 3.00 billion...

KTC - Chilito Mexican Grill - Farm Factory provide members special privileges for payments made using QR Pay in the KTC Mobile app.

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, provides KTC VISA and KTC MasterCard credit card members who make payments through KTC QR Pay in the "KTC Mobile" app worth Bt. 300 or more...

Photo Release: KBank opens new flagship branch and THE WISDOM Lounge at ICONSIAM

Mr. Wirawat Panthawangkul (3rd from left), KBank Senior Executive Vice President, and Ms. Chadatip Chutrakul (4th from left), Director of ICONSIAM Co., Ltd., and Chief Executive Officer of Siam Piwat Co., Ltd., participated in the opening ceremony of...

Related Topics