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Paris: Trams Key to Multi-Modal Success
THE INTERNATIONAL LIGHT RAIL MAGAZINE www.lrta.org www.tautonline.com JANUARY 2016 NO. 937 PARIS: TRAMS KEY TO MULTI-MODAL SUCCESS Innsbruck tramway enjoys upgrades and expansion Bombardier sells rail division stake Brussels: EUR5.2bn investment plan First UK Citylink tram-train arrives ISSN 1460-8324 £4.25 Sound Transit Swift Rail 01 Seattle ‘goes large’ A new approach for with light rail plans UK suburban lines 9 771460 832043 For booking and sponsorship opportunities please call +44 (0) 1733 367600 or visit www.mainspring.co.uk 27-28 July 2016 Conference Aston, Birmingham, UK The 11th Annual UK Light Rail Conference and exhibition brings together over 250 decision-makers for two days of open debate covering all aspects of light rail operations and development. Delegates can explore the latest industry innovation within the event’s exhibition area and examine LRT’s role in alleviating congestion in our towns and cities and its potential for driving economic growth. VVoices from the industry… “On behalf of UKTram specifically “We are really pleased to have and the industry as a whole I send “Thank you for a brilliant welcomed the conference to the my sincere thanks for such a great conference. The dinner was really city and to help to grow it over the event. Everything about it oozed enjoyable and I just wanted to thank last two years. It’s been a pleasure quality. I think that such an event you and your team for all your hard to partner with you and the team, shows any doubters that light rail work in making the event a success. -
Annual Report 2005 Key Figures
s Annual Report 2005 Key figures in millions of euros 2005 (1) 2004 (1) New orders(2) 83,791 75,789 Sales(2) 75,445 70,237 Income from continuing operations 3,058 3,450 Loss from discontinued operations, net of income taxes (810) (45) Net income 2,248 3,405 Net cash from operating and investing activities(2) (1,489) 3,015 therein: Net cash provided by operating activities 4,217 4,704 Net cash used in investing activities (5,706) (1,689) Supplemental contributions to pension trusts (included in net cash provided by (used in) operating activities) (1,496) (1,255) Net proceeds from the sale of Infineon shares (included in net cash provided by (used in) investing activities) – 1,794 Research and development expenses(2) 5,155 4,650 Shareholders’ equity (September 30) 27,117 26,855 Employees(2) (September 30, in thousands) 461 424 (1) Fiscal year from October 1 to September 30 (2) Continuing operations (excluding the discontinued mobile devices activities) Contents Letter to our Shareholders 6 Managing Board 12 Fit4More Performance and Portfolio 14 Operational Excellence 18 People Excellence 22 Corporate Responsibility 26 Group Presidents 30 Business Areas 32 Megatrends 48 Report of the Supervisory Board 64 Corporate Governance Report 72 Compensation Report 78 Information for shareholders* 88 Management’s discussion and analysis 90 Consolidated Financial Statements 136 Statement of the Managing Board 214 Independent auditors’ report 215 Supervisory Board 220 Managing Board 222 Siemens financial calendar 228 Corporate Structure** * With separate -
Siemens Annual Report 2015, List of Subsidiaries and Associated
NOTE 34 List of subsidiaries and associated Equity interest companies pursuant to Section 313 September 30, 2015 in % para. 2 of the German Commercial Code Partikeltherapiezentrum Kiel Holding GmbH, Erlangen 100 11 Project Ventures Butendiek Holding GmbH, Erlangen 100 11 Projektbau-Arena-Berlin GmbH, Grünwald 100 11 R & S Restaurant Services GmbH, Munich 100 Equity interest September 30, 2015 in % REMECH Systemtechnik GmbH, Kamsdorf 100 11 Subsidiaries RHG Vermögensverwaltung GmbH, Berlin 100 Germany (113 companies) RISICOM Rückversicherung AG, Grünwald 100 Airport Munich Logistics and Services GmbH, Hallbergmoos 100 Samtech Deutschland GmbH, Hamburg 100 Alpha Verteilertechnik GmbH, Cham 100 11 Siemens Bank GmbH, Munich 100 Anlagen- und Rohrleitungsbau Ratingen GmbH, Ratingen 100 8 Siemens Beteiligungen Inland GmbH, Munich 100 11 Atecs Mannesmann GmbH, Erlangen 100 Siemens Beteiligungen Management GmbH, Grünwald 100 8 AXIT GmbH, Frankenthal 100 Siemens Beteiligungen USA GmbH, Berlin 100 11 Berliner Vermögensverwaltung GmbH, Berlin 100 11 Siemens Beteiligungsverwaltung GmbH & Co. OHG, Grünwald 100 10 BWI Services GmbH, Meckenheim 100 11 Siemens Campus Erlangen Grundstücks-GmbH & Co. KG, CAPTA Grundstücksgesellschaft mbH & Co. KG i.L., Grünwald 100 10 Grünwald 100 10 Capta Grundstücks-Verwaltungsgesellschaft mbH, Grünwald 100 Siemens Campus Erlangen Objekt 1 GmbH & Co. KG, Grünwald 100 10 DA Creative GmbH, Munich 100 Siemens Campus Erlangen Objekt 2 GmbH & Co. KG, Grünwald 100 10 Dade Behring Beteiligungs GmbH, Eschborn 100 Siemens Campus Erlangen Objekt 3 GmbH & Co. KG, Grünwald 100 10 Dade Behring Grundstücks GmbH, Marburg 100 Siemens Campus Erlangen Objekt 4 GmbH & Co. KG, Grünwald 100 10 D-R Holdings (Germany) GmbH, Oberhausen 100 Siemens Campus Erlangen Objekt 5 GmbH & Co. -
Proyectos De Renovación Con CBTC De Siemens
Mobility Division 7. INTEGRACION DE SISTEMAS Unrestricted © Siemens AG 2016. All rights reserved. siemens.com Aspectos involucrados en la integración de proyectos ferroviarios - Costos - Tiempo - Recursos financieros Por medio de una ejecución - Tecnología llave en mano se logran optimizar estos aspectos - Recursos para la ejecución - Terrenos, derecho de vía, etc. - Afectaciones de vialidades y al público durante la obra Unrestricted © Siemens AG 2016. All rights reserved. Page 2 December 2016 Mobility Division Un sistema ferroviario se compone de distintos subsistemas Edificios / Puentes Estaciones Información a Pasajeros Vías Depósitos / Viaductos / Talleres Túneles SISTEMA FERROVIARIO Cobro de Alimentación Pasajes Eléctrica Telecomunicaciones Material Rodante Señalamiento Ferroviario La integración de estos subsistemas define finalmente un sistema de transporte Unrestricted © Siemens AG 2016. All rights reserved. Page 3 December 2016 Mobility Division Un sistema ferroviario se compone de distintos subsistemas Edificios / Puentes Estaciones Información a Pasajeros Vías Depósitos / Viaductos / Talleres Túneles Cobro de Alimentación Pasajes Eléctrica Telecomunicaciones Material Rodante Señalamiento Ferroviario La compleja interrelación entre ellos exige un eficiente manejo de las interfaces Unrestricted © Siemens AG 2016. All rights reserved. Page 4 December 2016 Mobility Division Un sistema ferroviario se compone de distintos subsistemas Edificios / Puentes Estaciones Información a Pasajeros Vías Depósitos / Viaductos / Talleres Túneles -
List of Subsidiaries of Siemens Worldwide in Accordance with § 313
www.siemens.com/investors List of subsidiaries and associated companies of Siemens worldwide in accordance with § 313 (2) HGB September 30, 2009 Equity interest in % I. Subsidiaries A) Consolidated 1. Germany (151 companies) A. Friedr. Flender AG, Bocholt 100 A. Friedr. Flender Grundstücksmanagementgesellschaft mbH & Co. KG, Bocholt 95 4 ADB Airfield Solutions GmbH & Co. KG, Nuremberg 100 Airport Munich Logistics and Services GmbH, Hallbergmoos 100 Alpha Verteilertechnik GmbH, Cham 100 5 applied international informatics GmbH, Berlin 100 Atecs Mannesmann GmbH, Dusseldorf 100 5 Audio Service GmbH, Herford 100 Berliner Vermögensverwaltung GmbH, Berlin 100 5 bibis Information Technology and Services GmbH, Munich 100 BWI Services GmbH, Meckenheim 100 5 CAPTA Grundstücksgesellschaft mbH & Co. KG, Grünwald 100 4 CAS innovations GmbH & Co. KG, Erlangen 100 4 CePLuS Steuerungstechnik GmbH, Magdeburg 75 Chemfeed Holding GmbH, Günzburg 100 Comos Industry Solutions GmbH, Schwelm 100 DA Creative GmbH, Munich 100 Dade Behring Beteiligungs GmbH, Eschborn 100 Dade Behring Grundstücks GmbH, Marburg 100 Demag Mobile Cranes GmbH, Munich 100 5 DPC Holding GmbH, Eschborn 100 Ecue Control GmbH, Paderborn 100 EDI – USS Umsatzsteuersammelrechnungen und Signaturen GmbH & Co. KG, Munich 100 4 ELIN Energietechnik GmbH, Berlin 100 ePS & RTS Automation Software GmbH, Renningen 100 5 ETM Deutschland GmbH, Laatzen 100 evosoft GmbH, Nuremberg 98 FACTA Grundstücks-Entwicklungsgesellschaft mbH & Co. KG, Munich 100 4 Flender Grundstücksmanagementgesellschaft mbH & Co. KG, Bocholt 95 4 Flender Guss GmbH, Chemnitz 100 5 Flender Immobilien Verwaltungs GmbH, Bocholt 100 5 Flender Industriegetriebe GmbH, Penig 100 5 HanseCom Gesellschaft für Informations- und Kommunikationsdienstleistungen mbH, Hamburg 74 HSP Hochspannungsgeräte GmbH, Troisdorf 100 5 ILLIT Grundstücks-Verwaltungsgesellschaft mbH, Grünwald 95 ILLIT Grundstücks-Verwaltungsgesellschaft mbH & Co. -
S ANNUAL REPORT 2000
s s 2000 ANNUAL REPORT ANNUAL ANNUAL REPORT 2000 Weare moving... Siemens Aktiengesellschaft Order No. A19100-F-V052-X-7600 Siemens – Global Network of Innovation Siemens financial calendar* As one of the world’s largest electronics and elec- Interim report October to December Jan. 31, 2001 Annual Shareholders’ Meeting trical engineering companies, Siemens enables Olympiahalle, Munich, 10:00 a.m. Feb. 22, 2001 Ex-dividend date Feb. 23, 2001 individuals, corporations and entire countries to Semiannual Report and Semiannual Press Conference Apr. 26, 2001 take part in the global digital revolution. We oper- Interim report October to June July 25, 2001 Preliminary figures for fiscal year Nov. 14, 2001 ate worldwide, delivering advanced solutions for Annual Press Conference Dec. 6, 2001 e-business, mobile communications, manufac- Annual Shareholders’ Meeting for fiscal 2001 Jan. 17, 2002 * Preliminary dates turing, transportation, health care, energy and lighting. ...into a Financial highlights (in millions of euros) 2000 (1) 1999 (1) 1998 (1) New orders 83,425 69,537 61,151 Net sales 78,396 68,582 60,177 Net income before extraordinary items 3,381 1,865 1,359 Net income after extraordinary items 7,901 1,865 469 Net cash provided 8,154 5,713 1,998 Net cash used in investing activities (2,209) (4,625) (2,932) Research and development expenses 5,593 5,236 4,664 Shareholders’ equity (September 30) 25,640 17,200 15,488 Employees (September 30, in thousands) 447 443 416 (1) Fiscal year: October 1 – September 30 rld... o LETTER TO OUR SHAREHOLDERS 12 w AT A GLANCE 16 ew BUSINESS SEGMENTS 20 n INFORMATION FOR SHAREHOLDERS * 32 REPORT OF THE SUPERVISORY BOARD 34 MANAGEMENT’S DISCUSSION AND ANALYSIS 39 CONSOLIDATED FINANCIAL STATEMENTS 56 PRINCIPAL SUBSIDIARIES AND ASSOCIATED COMPANIES 92 U.S. -
Printmgr File
This document constitutes three base prospectuses for the purposes of Art. 5.4 of Directive 2003/71/EC: (i) the base prospectus for Siemens Aktiengesellschaft in respect of non-equity securities within the meaning of Article 22 no. 6 (4) of the Commission Regulation (EC) No. 809/2004 of April 29, 2004 (“Non-Equity Securities”), (ii) the base prospectus for Siemens Capital Company LLC in respect of Non-Equity Securities, and (iii) the base prospectus for Siemens Financieringsmaatschappij N.V. in respect of Non-Equity Securities (together, the “Prospectus”). SIEMENS AKTIENGESELLSCHAFT (A stock corporation incorporated with limited liability in the Federal Republic of Germany) as Issuer of Instruments and as Guarantor for Instruments issued by Siemens Capital Company LLC and Siemens Financieringsmaatschappij N.V. SIEMENS CAPITAL COMPANY LLC (A limited liability company organized under the laws of the State of Delaware, United States of America) as Issuer of Instruments SIEMENS FINANCIERINGSMAATSCHAPPIJ N.V. (A public company incorporated with limited liability in the Netherlands) as Issuer of Instruments €15,000,000,000 PROGRAMME FOR THE ISSUANCE OF DEBT INSTRUMENTS Application has been made to the Luxembourg Stock Exchange for debt instruments (the “Instruments”) issued under the €15,000,000,000 programme for the issuance of debt instruments (the “Programme”) up to the expiry of 12 months after the date of publication hereof to be listed on the official list of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange’s regulated market (the “Luxembourg Stock Exchange’s Regulated Market”), which is a regulated market for the purposes of Directive 2004/39/EC on Markets in Financial Instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC. -
Investment in High Speed Passenger Rail Networks
INVESTING IN HIGH-SPEED PASSENGER RAIL NETWORKS: INSIGHTS FROM COMPLEX INTERNATIONAL SUPPLY CHAIN, TECHNOLOGIES AND MULTIPRODUCT FIRMS A Thesis Presented to The Academic Faculty by Wen ZHENG In Partial Fulfillment of the Requirements for the Degree Master of Science in the School of Economic Georgia Institute of Technology May 2012 INVESTING IN HIGH-SPEED PASSENGER RAIL NETWORKS: INSIGHTS FROM COMPLEX INTERNATIONAL SUPPLY CHAIN, TECHNOLOGIES AND MULTIPRODUCT FIRMS Approved by: Dr. Vivek Ghosal, Advisor School of Economics Georgia Institute of Technology Dr. Byung-Cheol Kim School of Economics Georgia Institute of Technology Dr. Mike Meyer School of Civil Engineering Georgia Institute of Technology Date Approved: March 30, 2012 INVESTING IN HIGH-SPEED PASSENGER RAIL NETWORKS: INSIGHTS FROM COMPLEX INTERNATIONAL SUPPLY CHAIN, TECHNOLOGIES AND MULTIPRODUCT FIRMS Approved by: Dr. Vivek Ghosal, Advisor School of Economics Georgia Institute of Technology Dr. Byung-Cheol Kim School of Economics Georgia Institute of Technology Dr. Mike Meyer School of Economics Georgia Institute of Technology ACKNOWLEDGEMENTS I would like to show my deepest gratitude to my thesis advisor, Dr. Vivek Ghosal, who has provided me with insightful guidance in every stage of my thesis writing. Without his instruction, I could not complete my thesis. It was been an honor working with him. I am deeply grateful to the Woodruff Foundation for providing generous financial support to enable me to complete my thesis and work on an interesting and important project. This thesis is based on a larger project on understanding high-speed rail investments being examined by Dr. Vivek Ghosal and Dr. Mike Meyer at the University Transportation Center at the Georgia Institute of Technology. -
Annual Report 2006
Annual Report 2006 www.siemens.com Key figures in millions of euros 2006(1) 2005(1) New orders(2) 96,259 83,791 Sales(2) 87,325 75,445 Income from continuing operations 3,087 3,058 Loss from discontinued operations, net of income taxes (54) (810) Net income 3,033 2,248 Net cash from operating and investing activities(2) 739 (1,489) therein: Net cash provided by operating activities 5,174 4,217 Net cash used in investing activities (4,435) (5,706) Shareholders’ equity (September 30) 29,306 27,022 Employees(2) (September 30, in thousands) 475 461 (1) Fiscal year from October 1 to September 30 (2) Continuing operations (excluding the discontinued mobile devices activities) Contents Letter to our Shareholders 7 Managing Board 14 Fit4More 16 Performance and Portfolio 18 Operational Excellence 22 People Excellence 24 Corporate Responsibility 28 Research and Development 32 Worldwide Presence 34 Regional Highlights 36 Group Presidents 46 Business Areas 48 Shanghai and Siemens 64 Report of the Supervisory Board 73 Corporate Governance Report 80 Compensation Report 86 Information for shareholders* 96 Management’s discussion and analysis 98 Consolidated Financial Statements 148 Statement of the Managing Board 236 Independent Auditors’ Report 237 Siemens financial calendar 253 Corporate Structure** * With separate table of contents ** See foldout inside back cover. Innovations of the year www.siemens.com/megatrends www.siemens.com/innovation Healthcare I SOMATOM Definition Faster than a heartbeat Siemens has developed a new computed tomography tem uses two X-ray tubes and two detectors at the same (CT) scanner that produces images at unprecedented time, allowing physicians to better differentiate blood speed while cutting cardiac patients’ radiation exposure vessels, bone and soft tissue. -
List of Subsidiaries and Associated Companies of Siemens Worldwide in Accordance with § 313 (2), HGB
List of subsidiaries and associated companies of Siemens worldwide in accordance with § 313 (2), HGB Equity interest September 30, 2005 in % I. Subsidiaries A) Consolidated 1. Germany (215 companies) A. Friedr. Flender AG, Bocholt 100 A. Friedr. Flender Grundstücksmanagementgesellschaft mbH & Co. KG, Bocholt 95 applied international informatics (Holding) GmbH, Berlin 100 applied international informatics GmbH & Co. KG, Berlin 100 (4) Atecs Mannesmann GmbH, Düsseldorf 100 Audio Service GmbH, Herford 100 BFE Studio und Medien Systeme GmbH, Mainz 100 bibis Information Technology and Services GmbH, Dortmund 100 CAPTA Grundstücksgesellschaft mbH & Co. KG, Grünwald 100 (4) CAPTA Grundstücks-Verwaltungsgesellschaft mbH, Grünwald 100 Chemfeed Holding GmbH, Günzburg 100 Cycos AG, Alsdorf 86 DCP Diesel CommonRail Products GmbH & Co. KG, Roding 100 DCP Diesel CommonRail Products Verwaltungsgesellschaft mbH, Roding 100 ERA Verwaltungsgesellschaft mbH & Co. KG, Grünwald 100 eStop GmbH, Grafrath 100 Flecks GmbH, Berlin 100 Flender Beteiligungsverwaltungs GmbH, Bocholt 100 Flender Grundstücksmanagementgesellschaft mbH & Co. KG, Bocholt 95 Flender Holding GmbH, Bocholt 100 Flender Immobilien Verwaltungs GmbH, Bocholt 100 Flender Tübingen GmbH, Tübingen 100 Frankendata Softwareengineering GmbH & Co. KG, Erlangen 100 (4) Frankendata Softwareengineering Verwaltungsgesellschaft mbH, Erlangen 100 Gerap Grundbesitz- und Verwaltungsgesellschaft mbH, Frankfurt am Main 100 HanseCom Gesellschaft für Informations- und Kommunikationsdienstleistungen mbH, Hamburg 74 HSP Hochspannungsgeräte Porz GmbH, Cologne 100 (5) IDM GmbH Industriesensoren, Weißensberg 100 ILLIT Grundstücks-Verwaltungsgesellschaft mbH, Grünwald 95 ILLIT Grundstücks-Verwaltungsgesellschaft mbH & Co. KG, Grünwald 0 (10) Industrieschutz Assekuranz-Vermittlung GmbH, Mülheim a. d. Ruhr 100 Industrieschutz Insurance Broker GmbH, Mülheim a. d. Ruhr 51 IPG Immobilien ProjektentwicklungsgmbH Deutschland, Ravensburg 100 Jawa Power Holding GmbH, Erlangen 100 KMK Kunststoff Metall und Komponenten GmbH & Co. -
University Transportation Center Research Project Assessing the Economic Impact of High Speed Rail
University Transportation Center Research Project Assessing the Economic Impact of High Speed Rail: Focus on Manufacturing Final Report HIGH-SPEED RAIL MARKETS, INFRASTRUCTURE INVESTMENTS AND MANUFACTURING CAPABILITIES By Vivek Ghosal Contract with Research and Innovative Technology Administration (RITA) In cooperation with Georgia Transportation Institute / University Transportation Center Disclaimer: The contents of this report reflect the views of the author(s) who is (are) responsible for the facts and the accuracy of the data presented herein. This document is disseminated under the sponsorship of the Department of Transportation University Transportation Centers Program, in the interest of information exchange. The U.S. Government assumes no liability for the contents or use thereof. The contents do not necessarily reflect the official views or policies of the Research and Innovative Technology Administration, Georgia Institute of Technology, Georgia Tech Research Corporation or the Georgia Tech Applied Research Corporation. This report does not constitute a standard, specification, or regulation. HIGH-SPEED RAIL MARKETS, INFRASTRUCTURE INVESTMENTS AND MANUFACTURING CAPABILITIES Dr. Vivek Ghosal Professor, School of Economics Georgia Institute of Technology Report submitted to the University Transportation Center Georgia Institute of Technology September 21, 2012 1 Acknowledgements This project was funded by a grant from the Research and Innovative Technology Administration, U.S. Department of Transportation, and the University Transportation Center, Georgia Institute of Technology. I am deeply indebted to Professor Michael Meyer for giving me the opportunity to work on this important and interesting project. I greatly benefitted from his insights and guidance, and enjoyed the numerous discussions I had with him on issues related to U.S. -
September 2016
September 2016 SPECIAL ISSUE INNOTRANS 2016 Special issue September 2016 RAILWAY EQUIPMENT ОБЪЕДИНЕНИЕUNIoN of ПРОИЗВО INdustriesДИТЕЛ ofЕЙ UIREЧлены Members НП «ОПЖТ» • ABB LLC • EPK-Brenсo Bearing Company LLC • Academician N.A. Semikhatov Automatics Research & • EPK Holding Company JSC Production Corporation (NPOA) JSC • EVRAZ Holding LLC • All-Union research and development centre of transport • Faiveley Transport LLC technologies (VNICTT) • Faktoriya LS • Alstom Transport Rus LLC • Federal Freight JSC • Amsted Rail Company inc • FINEX Quality • Armavir Heavy Industries Plant JSC • Fink Electric LLC • ASI Engineering Center LLC • Flaig+Hommel LLC • Association of outsourcing agents NP • Freight One JSC • Association of railway braking equipment manufacturers • GEISMAR-Rus LLC and consumers (ASTO) • HARP Oskol Bearing plant JSC • AVP Technology LLC • Harting CJSC • Azovelectrostal PJSC • Helios RUS LLC • Azovobschemash PJSC • Infrastructure and Education Programs Foundation • Balakovo Carbon Production LLC of RUSNANO • Baltic Conditioners LLC • Institute of Natural Monopolies Research (IPEM) ANO • Barnaul Car Repair Plant JSC • INTERCITY Production & Commerce Company LLC • Barnaul plant of asbestos technical products JSC • Izhevskiy Radiozavod (IRZ) JSC • Belarusian Railways NU • Kaluga Plant “Remputmash” JSC • Bridge R&D Institute FSUE • Kalugaputmash JSC • Cable Alliance Holding LLC • Kav-Trans CJSC • Cable Technologies Scientific Investment Center CJSC • Kazakhstan temir zholy RSE • Car Repair Company LLC • Kirovsky Mashzavod 1 Maya JSC • Car Repair Company One JSC • Kremenchug Steel Foundry PJSC • Car Repair Company Two JSC • Kriukov Car Building Works JSC • Car Repair Company Three JSC • Knorr-Bremse Railway Transport Systems • Car & Wheel Workshop LLC Holding CIS LLC • Cars R&D Centre JSC • Kupino Car Repair Company LLC • Car Building R&D Centre JSC • LUGCENTROKUZ N.A.S.