U.S. President Obama visits rotor blade plant in the U.S. state of Iowa

07 May 2010

Siemens factory in Fort Madison the first stop on Obama’s tour of the Midwest

For the first time in the company’s 163-year history, a U.S. president has visited a Siemens factory. On Tuesday, during his tour of the Midwest, Barack Obama made a stop at the plant manufacturing components for wind power generation in Fort Madison in the U.S. state of Iowa. The plant, which was opened in mid-2007 and has recently been expanded, has a workforce of 600 employees and produces rotor blades for wind turbines.

“Siemens has been represented in America for over 100 years and is with a workforce of 64,000 one of the largest international employers in the U.S. In the last ten years alone we have invested around €20 billion in the country. In our plant in Fort Madison we are promoting the green technology revolution,” Peter Loscher, President and CEO of Siemens, explained to the President of the United States.

Barack Obama highlighted the Fort Madison plant as a successful example of how clean technology can help revive a local economy.

“This is what’s possible in a clean energy economy. And while it may not feel like it every day when you punch in., to all the folks who work here at Siemens, I want you to understand: You are making it possible. You are blazing a trail! You’re showing America our future! And some day our children and our children’s children will look back at this factory, at this moment and they will be proud that a generation chose, in a time of crisis, to place its bet on the future. And to re-open factories and to re-start assembly lines and to re-train workers; a generation that chose once again to step forward and to meet the challenges of our time. That’s what this represents, that is what you represent and we could not be prouder”, said President Obama to Siemens employees.

Further Information and pictures are available on the Internet at: www.siemens.com/press

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world’s largest provider of environmental technologies, generating €23 billion – nearly one-third of its total revenue – from green products and solutions. In fiscal 2009, which ended on September 30, 2009, revenue totaled €76.7 billion and net income €2.5 billion. At the end of September 2009, Siemens had around 405,000 employees worldwide. Further information is available on the Internet at: www.siemens.com