Siemens Is Reorganizing Its Mechanical Drives Division

Weak growth, increasing competition from the Asian region and overcapacity with accompanying high price pressure characterize the medium-sized market environment of the Siemens Mechanical Drives division (Mechanical Drives - MD). The company therefore plans to realign this division. The goal is to implement growth plans better and more flexibly in a competitive environment. In order to expand the scope of action and to align it more specifically to the business, the division will in future be managed as an independent company under the roof of Siemens.

Siemens also plans to invest in its global locations and product portfolio in order to continue to ensure market and technology leadership. With the strong brands Flender and Winergy, MD is a leader especially in applications with high torques, for example in the wind and cement industries.

“In the past two years, the business has already significantly improved its competitiveness. We focused MD on the core business and, among other things, created our own sales organization, which ensures significantly closer customer proximity,”said Jürgen Brandes, CEO of the Siemens Process Industries and Drives Division. "Setting up as an independent unit is the next step for long-term success."

The Mechanical Drives division employs around 6,000 people worldwide and is part of the Process Industries and Drives division. According to the company's own information, it is the world's leading supplier of components for mechanical drive technology. The range of products ranges from a broad portfolio of gearboxes and clutches to services. The sector spectrum includes key industries such as wind energy, cement production, marine, conveyor and crane technology. (ud)