By Daniel Schäfer in Frankfurt| March 24 2009 02:00
Siemens yesterday said it expected a boost to its plans to increase the share of "green product" sales, thanks to worldwide government programmes which are designed to mitigate the global recession.
Peter Löscher, chief executive, told the Financial Times that Europe's largest engineering group expected to get a stimulus for such products from various state-sponsored schemes.
"One thing is crystal clear: even during the crisis we will substantially increase the share of our sales which are attributable to green technologies," Mr Löscher said.
Siemens' "green products" - which have often been criticised by climate experts for not always being environmentally friendly - comprise a slew of diverse goods ranging from energy-efficient lights to trains and gas turbines.
Mr Löscher said Siemens would stick to its target to increase sales in its green product portfolio from €19bn ($23bn) in the past year to €25bn in 2011, even in the light of the drastic worldwide recession that has started to hit the group's order inflow in the last quarter.
"On the one hand, our target is more ambitious in the current economic environment," Mr Löscher said.
"But on the other, Siemens will get a stimulus from the infrastructure programmes being launched."
Read complete article
0 comments:
Post a Comment