BERLIN (dpa-AFX) - Siemens AG (SI) intends to expand its market share in emerging markets, with all Divisions growing faster than their markets in these countries over the next five years. The company plans to drive growth primarily not only in Brazil, Russia, India and China or BRIC and the Middle East, but also in countries like Chile, Indonesia, Mexico, Colombia, Poland, South Africa, Thailand, Turkey and Vietnam.
Siemens Managing Board member Roland Busch at the Capital Market Day in Shanghai noted, 'The emerging markets are still the growth engines of the global economy. With its strong local presence and the right products, Siemens is excellently positioned to capture an above-average share of the growth taking place in these markets.'
The company added that the market for products in the entry-level segment is an additional growth lever for Siemens in the emerging markets. Today, Siemens is already marketing over 160 products in the entry-level segment. Another 90 products are currently being developed or are close to market launch, Siemens said.
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