search
Front > News

Siemens CEO visits Solel Solar in Beit Shemesh

7 Jan, 2010 22:34
שלח תגובה במיילGlobes' correspondent

The trip is Peter Löscher's first visit to Israel as CEO of Siemens, which bought Solel at the end of last year.

Siemens president and CEO Peter Löscher's today visited Solel Solar Systems Ltd. in Beit Shemesh. Siemens AG (NYSE: SI; XETRA: SIE) acquired the manufacturer of thermosolar energy systems in October for $418 million.

The trip is Loescher's first visit to Israel as CEO of Siemens. After visiting Solel Solar's R&D and manufacturing facilities, he met President Shimon Peres in Jerusalem.

"Siemens has a strong commitment to Israel's unique infrastructures and technology innovation. We foresee great potential in the renewable energy technologies market, and Siemens' recent investments in this industry in Israel are in line with our strategic concept for this growing field," Löscher said.

"As a leader in the complete energy market value chain, and together with Solel's leading solar technology, Siemens and Solel are a perfect match. Siemens plans to leverage Solel's technology to further boost our green portfolio. We already have €23 billion in green sales a year, more than any other company in the world," he added.

Siemens is headquartered in Berlin and Munich, and is a global leader in electronics and electrical engineering for the industrial, energy, and healthcare sectors. The company has 410,000 employees worldwide.

Published by Globes [online], Israel business news - www.globes-online.com - on January 7, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

Leviathan platform credit: Albatross C'ttee seen recommending no cut in gas exports

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continued to narrow in March

Israel's fiscal deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

Arkia credit: Arkia Arkia cuts Tel Aviv - New York April fares

Arkia has cut fares at the last minute, a time when prices usually soar even higher, according to the pricing method used in the industry.

Bank of Israel Governor Prof. Amir Yaron credit: Dani Shem Tov Knesset Spokesperson BoI Governor: US tariffs could push up inflation in Israel

Prof. Amir Yaron tells "Globes" that there is a risk that the new tariffs will cause inflation to rise in the US, with a knock-on effect for Israel.

US President Donald Trump and Prime Minister Benjamin Netanyahu April 7, 2025 credit: Avi Ohayon, Government Press Office Netanyahu fails to persuade Trump to remove tariff on Israel

Asked by reporters whether Israel would be exempted from his tariffs policy, US President Donald Trump replied, "Maybe not. Don’t forget we help Israel a lot."

FBI to investigate Nakash Group Israel CEO

The complaint against Avi Hormaro was filed with the FBI offices in Miami, Florida, where many of the group's companies are incorporated, "Globes" has learned.

Bank of Israel credit: Shutterstock Israel's forex reserves fell in March

Israel’s foreign exchange reserves at the end of March 2025 fell to $218.821 billion, a decrease of $1.433 billion from their level at the end of February, the Bank of Israel reports.

Bank of Israel Governor Prof. Amir Yaron credit: GPO BoI keeps rate unchanged, cuts growth forecast

The Bank of Israel is concerned about inflation, the escalation of the war in Gaza, which has raised Israel's risk premium, and the turmoil on global markets set off by the trade war.

Eilat Ramon Airport Credit: Sivan Farag Eilat Municipal Spokesperson Russian airline to kick-start int'l flights from Eilat's Ramon airport

Russian airline Red Wings is to launch direct flights between Eilat's Ramon airport and Moscow and Sochi in Russia starting June 12.

High-tech credit: Shutterstock 8,300 tech employees left Israel after start of war

Amid increased relocation, Israel's tech workforce has contracted for the first time in over a decade, the Israel Innovation Authority reports.

Donald Trump credit: Shutterstock Israel can't escape impact of tariffs

Even if Israel obtains relief from the tariff imposed on it by US President Trump, it will feel the global effects of the trade war, analysts say.

Shekel versus US dollar credit: Tali Bogdanovsky US market slide shakes shekel

The shekel weakened significantly against both the US dollar and the euro at the opening of foreign exchange trading today.

Arik Faingold credit: Nati Levi Israeli autonomous frontend co AutonomyAI raises $4m

Led by Arik Faingold, the founder of cybersecurity unicorn Pentera, AutonomyAI offers a platform that learns and understands the full organizational context and generates code that can be deployed directly to the production environment.

British Airways aircraft credit: Shutterstock/Jarek Kilian Tel Aviv - London fares to fall as British Airways resumes flights

From June there will be 20-32 weekly flights operated on the popular Tel Aviv - London route by foreign airlines - British Airways, Wizz Air and easyJet.

Partner Partner forms int'l business diivision

The division will be headed by former Bezeq International VP Global Business Nissan Arieh.

Caesarstone kitchen credit: Caesarstone Caesarstone bucks Nasdaq as tariffs boost potential

The Israeli quartz countertop manufacturer company has fallen on hard times due to Chinese rivalry but tariffs could boost its revenue.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018