Siemens VAI Strengthens Its Portfolio of Products and Services: Acquisition of Rolling Mill Specialist Morgan Construction Compl
April 04 2008 - 1:30PM
PR Newswire (US)
LINZ, Austria, April 4, 2008 /PRNewswire/ -- With the agreement of
all of the responsible authorities, Siemens has now taken over
Morgan Construction Co., the rolling mill specialist based in
Worcester, Massachusetts, USA. This company achieved sales of USD
230 million in 2007, and employs some 1,100 people in the USA,
China, India, the U.K. and Brazil. Morgan Construction will be
managed as a Siemens Group Company by Siemens VAI Metals
Technologies, Linz/Austria, a business unit in the Industry
Solutions Division. Morgan Construction is a worldwide supplier of
wire mill equipment for the long-product sector, and has
constructed over 500 wire, bar and billet mills in more than 40
countries. Dr. Richard Pfeiffer, CEO of Siemens VAI Metals
Technologies, said, "Combining Morgan's products and know-how with
Siemens' automation competence now enables us to present one face
to the customer when offering complete solutions for equipping wire
mills and for manufacturing long products. The integration of these
two companies will enable us to set the market standards for future
technological development. This takeover of Morgan's production
plants will also enhance Siemens VAI's own value chain in the U.S.,
Indian and Chinese markets." Dr. Pfeiffer emphasized, "The
engineering and service capacities we are gaining from Morgan will
also further strengthen the support we can offer our customers in
these countries, from modernizing and upgrading plants to
spare-part management and retrofitting." The Siemens Industry
Solutions Division (Erlangen, Germany) combined with Siemens VAI
Metal Technologies (Linz, Austria), Siemens Water Technologies
(Warrendale, Pennsylvania, USA), and Industry Technologies
(Erlangen, Germany) is one of the world's leading suppliers of
solutions and services for installations in the fields of industry
and infrastructure. Using its own products, systems and process
technologies, Industry Solutions develops and builds plants for end
customers, commissions them and provides support during their
entire life cycle. Weitere Informationen und Download unter:
http://www.industry.siemens.com/ DATASOURCE: Siemens CONTACT:
Wieland Simon, +49-9131-7-46169, Fax: +49-9131-7-25074, Web site:
http://www.industry.siemens.com/ Company News On-Call:
http://www.prnewswire.com/comp/795163.html
Copyright