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Siemens in Thailand Posts Strong Growth for Year, Orders Surge 70 Percent.

Bangkok Post (Bangkok, Thailand)

| January 04, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jan. 4--The Thailand operations of Siemens posted strong growth last year, with new orders rising by 70 percent and sales increasing 13 percent, according to Dr Heinrich Pierer, president and chief executive officer of Germany-based Siemens AG.

The rise was due mainly to important orders from Bangkok Metro Corporation Ltd (BMCL) to deliver and service the capital's first subway system, said Dr Pierer, who visited Bangkok yesterday.

The BMCL order alone was worth 350 million euros or 15.8 billion baht.

The German company posted sales totalling 19.05 billion baht in Thailand in the fiscal year ending on Sept 30, 2002. Dr Pierer attributed the ...

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