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HomeTechnologySiemens announces investment of US$6.21 billion for 2022

Siemens announces investment of US$6.21 billion for 2022

Siemens announced that it intends to invest 5.5 billion euros, equivalent to US$ 6.21 billion, in the development of new products and services for this year. The value is higher than that announced by its main competitors, according to the assessment of the executive president of the train and software maker, Roland Busch.

The investment is well above the US$ 4.9 billion invested by Siemens in 2021, which represented around 7.8% of sales.

siemens
Siemens also develops electrical materials, surveillance systems, infrastructure in the energy sector and hospital equipment. Image: Shutterstock

expansion goal

The new investment corresponds to 8% of sales forecast by Siemens this year. Everything should be announced at the company's General Meeting, scheduled for February 10, where the expected profits for this first quarter of 2022 will be announced.

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In addition to building trains and subways, Siemens also develops electrical materials, surveillance systems, infrastructure in the energy sector and hospital equipment.

In its list of products, we can mention solar panels, generators, turbines and also software for financial services.

Via: Reuters

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The post Siemens announces investment of US$6.21 billion for 2022 appeared first on Olhar Digital.

Daniel Joseph
Daniel Josephhttps://celebestopnews.com/
Daniel Joseph is a graduate of the University of Southern California. He Studied Master of Communication & Media Studies. He has Been Representing his College over Platforms in the United States. He Then Joined the Daily Mail as an Intern and did his Majority of the Learning There. After that, He Gained Interest in the Entertainment Industry and Therefore he joined TMZ and worked there for 2+ years and Then shifted to Celebes Top News as the Lead Editor. You Can Contact Daniel at daniel.joseph@celebestopnews.com
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