76-763: The Transbaikal Railway (Забайкальская железная дорога) is a subsidiary of the Russian Railways headquartered in Chita and serving Zabaykalsky Krai and Amur Oblast . The mainline was built between 1895 and 1905 as part of the Trans-Siberian Railway . It bordered the Circum-Baikal Railway on the west and the Chinese Eastern Railway on the east. The railway bore the name of Vyacheslav Molotov between 1936 and 1943. The Amur Railway became part of
152-561: A $ 100 million fund at the World Bank to support anti-corruption activities over 15 years, known as the "Siemens Integrity Initiative." Other substantial fines include a payment of ₦7 billion (US$ 46.57 million) to the Nigerian government in 2010, and a US$ 42.7 million penalty in Israel in 2014 to avoid charges of securities fraud. In 2006, Siemens purchased Bayer Diagnostics which was incorporated into
228-503: A US lawyer, as an independent director in charge of compliance and accepting oversight from Theo Waigel , a former German finance minister. Siemens implemented new anti-corruption policies, including a comprehensive anti-corruption handbook, online tools for due diligence and compliance, a confidential communications channel for employees, and a corporate disciplinary committee. This process involved hiring approximately 500 full-time compliance personnel worldwide. Siemens's bribery culture
304-487: A company branch headed by another brother, Carl Heinrich von Siemens , opened in St Petersburg , Russia. In 1867, Siemens completed the monumental Indo-European telegraph line stretching over 11,000 km from London to Calcutta . In 1867, Werner von Siemens described a dynamo without permanent magnets. A similar system was also independently invented by Ányos Jedlik and Charles Wheatstone , but Siemens became
380-466: A fine as high as $ 5 billion, the final amount was significantly less, in part due to Siemens's cooperation with the investigators, the upcoming change in the US administration, and Siemens's role as a US military contractor . The payments included $ 450 million in fines and penalties and a forfeiture of $ 350 million in profits in the US. Siemens also revamped its compliance systems, appointing Peter Y. Solmssen ,
456-667: A global revenue of around €78 billion in 2023. The company is a component of the DAX and Euro Stoxx 50 stock market indices. As of December 2023, Siemens is the second largest German company by market capitalization . As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Mobility , and Financial Services , with Siemens Mobility operating as an independent entity. Major business divisions that were once part of Siemens before being spun off include semiconductor manufacturer Infineon Technologies (1999), Siemens Mobile (2005), Gigaset Communications (2008),
532-401: A legally independent company: Siemens Electromechanical Components GmbH & Co. KG, (which, later that year, was sold to Tyco International Ltd for approximately $ 1.1 billion. In the same year, Siemens Nixdorf Informationssysteme AG became part of Fujitsu Siemens Computers , with its retail banking technology group becoming Wincor Nixdorf . In 2000, Shared Medical Systems Corporation
608-588: A meeting of the Russian Academy of Science, Vladimir Yakunin presented an ambitious new transport route called the Trans-Eurasian Belt Development (TEPR) which would go "through Russia with a mega road and high-speed rail network to link Asia with Europe' and with the opportunity to go to Chukotka and Bering Strait and then to the American continent" to Alaska, "making overland trips from Britain to
684-567: A multi-national bribery scandal. Among the various incidents was the Siemens Greek bribery scandal , where the company was accused of deals with Greek government officials during the 2004 Summer Olympics . This case, along with others, triggered legal investigations in Germany, initiated by prosecutors in Italy, Liechtenstein, and Switzerland, and later followed by an American investigation in 2006 due to
760-590: A program to introduce new high-speed trains. The first train, Sapsan , commenced service in December 2009 and connects Saint Petersburg , Moscow and Nizhny Novgorod and is operated with trains manufactured by the German company Siemens. The second train, Allegro , has run from Saint Petersburg to Helsinki via Vyborg since December 2010 and is owned and operated together with the Finnish VR Group . Sapsan
836-653: A separate company. After the collapse of the Soviet Union in 1991, the Russian Federation inherited 17 of the 32 regions of the former Soviet Railways (SZD). In the mid-1990s, the profitability of railway transportation of the Russian Ministry of Railways fell to negative values, the bureaucratization of the ministry itself was publicly criticized, which became an occasion for reforms. Shortly after being elected president of Russia in 2000, Vladimir Putin approved
SECTION 10
#1732859036871912-445: A subsidiary of Russian Railways, sold 75% of its shares minus two shares for 125.5 billion rubles (about 4 billion $ ) to Independent Transport Company owned by Vladimir Lisin . Thus, Lisin as Russia's largest operator of rolling stock acquired control of a quarter of the freight market. As part of its reform efforts, RZD massively reduced its workforce, from 2.2 million in the 1990s to 934,000 people in 2012. In 2012, it became one of
988-465: Is Oleg Belozerov. Before him, the position was occupied by Kirill Androsov from September 2011 till June 2015, and previously by Alexander Zhukov – from 20 July 2004 to September 2011 and Viktor Khristenko – from 16 October 2003 – 20 July 2004. Gennady Fadeev was President of JSC Russian Railways from 23 September 2003 – 14 June 2005. He was succeeded by Vladimir Yakunin – from 14 June 2005 to 20 August 2015. Oleg Belozyorov has been president of
1064-452: Is a German multinational technology conglomerate . It is focused on industrial automation , distributed energy resources , rail transport and health technology . Siemens is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial software . The origins of the conglomerate can be traced back to 1847 to
1140-480: Is also part of the program. Between 2021 and 2025 RZD plans to build Rostov–Krasnodar–Adler, Tula–Voronezh high-speed rail and the extension of Kazan-Yelabuga high-speed rail, as well as other regional high-speed rail links. During the 2026–2030 third phase of the program, Russian Railways will build Moscow–Saint Petersburg high-speed rail section; the railway line will be extended from Yelabuga to Yekaterinburg, and from Voronezh to Rostov-on-Don. In March 2015, at
1216-627: Is considered the first step to triggering a credit default swap . In December 2023 the joint venture with the VR Group , Finnish Railways, to run the Karelian Trains ceased, the trains having stopped running in March 2022 following the Russian invasion of Ukraine and Russian Railways having failed to meet their portion of the financing obligations, VR Group assumed the whole financial obligations and took over
1292-626: Is determined by the Federal Tariff Service at net cost or higher. Limited railway capacity is the main factor limiting Russian coal exports to Asia. Demand for Russian coal in Europe has declined due to the energy transition and Russia's invasion of Ukraine and this reinforces the need for Russia to reorient coal exports to Asia. Russian Railways has a near-monopoly on long-distance train travel, with its subsidiary, Federal Passenger Company, accounting for 90% of total passenger turnover in 2017. Passenger transportation accounted for 10.6% of
1368-449: Is divided into two components: «ticket» (which includes the cost of transport infrastructure, locomotive traction and the Station component) and «reserved seat» (service of transport company, which is the owner of the car). Since 2003, the flexible schedule tariffs (FST) to travel on long-distance trains is used: FST is calculated in such a way as to stimulate passengers to undertake a trip on
1444-531: Is the founder and sole shareholder of JSC Russian Railways. On behalf of its shareholders the powers are exercised by the Government of the Russian Federation . It approves the president of the company, forms the board of directors annually and approves the annual reports. An IPO for the company was considered in 2012, but it was pushed back to after 2020. The Chairman of the Board of Directors of JSC Russian Railways
1520-818: The BenQ-Siemens division. Also in 2005 Siemens acquired Flender Holding GmbH ( Bocholt , Germany, gears/industrial drives), Bewator AB (building security systems), Wheelabrator Air Pollution Control, Inc. (Industrial and power station dust control systems), AN Windenergie GmbH. (Wind energy), Power Technologies Inc. ( Schenectady , USA, energy industry software and training), CTI Molecular Imaging ( Positron emission tomography and molecular imaging systems), Myrio ( IPTV systems), Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from Shaw Group ), and Transmitton ( Ashby de la Zouch UK, rail and other industry control and asset management). Beginning in 2005, Siemens became embroiled in
1596-754: The Cumann na nGaedheal government. Siemens (at the time: Siemens-Schuckert ) exploited the forced labour of deported people in extermination camps . The company owned a plant in Auschwitz concentration camp . Siemens exploited the forced labour of women deported to the Ravensbrück concentration camp ; a Siemens factory was located in front of the camp. During the final years of World War II , numerous plants and factories in Berlin and other major cities were destroyed by Allied air raids. To prevent further losses, manufacturing
SECTION 20
#17328590368711672-620: The European Commission for price fixing in EU electricity markets through a cartel involving 11 companies, including ABB , Alstom , Fuji Electric , Hitachi Japan , AE Power Systems, Mitsubishi Electric Corp , Schneider , Areva , Toshiba and VA Tech . According to the commission, "between 1988 and 2004, the companies rigged bids for procurement contracts, fixed prices, allocated projects to each other, shared markets and exchanged commercially important and confidential information." Siemens
1748-606: The Siemens-Reiniger-Werke AG (SRW), the third of the so-called parent companies that merged in 1966 to form the present-day Siemens AG. In the 1920s, Siemens constructed the Ardnacrusha Hydro Power station on the River Shannon in the then Irish Free State , and it was a world first for its design. The company is remembered for its desire to raise the wages of its underpaid workers, only to be overruled by
1824-578: The Telegraphen Bau-Anstalt von Siemens & Halske established in Berlin by Werner von Siemens and Johann Georg Halske . In 1966, the present-day corporation emerged from the merger of three companies: Siemens & Halske , Siemens-Schuckert , and Siemens-Reiniger-Werke . Today headquartered in Munich and Berlin, Siemens and its subsidiaries employ approximately 320,000 people worldwide and reported
1900-448: The broad gauge used in the rest of Russia, which it formally completed in August 2019. The share of privately owned wagons in the freight transport increased to one-third of the total by 2005. On 18 May 2006, the company signed an agreement with Siemens for the delivery of eight high-speed trains. On 23 May 2007, Russian Railways adopted a new corporate style which changed fundamentally
1976-537: The 1950s, and from their new base in Bavaria , S&H started to manufacture computers , semiconductor devices , washing machines , and pacemakers . In 1966, Siemens & Halske (S&H, founded in 1847), Siemens-Schuckertwerke (SSW, founded in 1903) and Siemens-Reiniger-Werke (SRW, founded in 1932) merged to form Siemens AG. In 1969, Siemens formed Kraftwerk Union with AEG by pooling their nuclear power businesses. The company's first digital telephone exchange
2052-534: The 1990s. In 1993–1994, Siemens C651 electric trains for Singapore's Mass Rapid Transit (MRT) system were built in Austria. In 1997, Siemens agreed to sell the defence arm of Siemens Plessey to British Aerospace (BAe) and a German aerospace company, DaimlerChrysler Aerospace . BAe and DASA acquired the British and German divisions of the operation respectively. In October 1997, Siemens Financial Services (SFS)
2128-436: The American division in 1979. AMD closed Advanced Micro Computers in late 1981 after switching focus to manufacturing second-source Intel x86 microprocessors. In 1985, Siemens bought Allis-Chalmers ' interest in the partnership company Siemens-Allis (formed 1978) which supplied electrical control equipment. It was incorporated into Siemens's Energy and Automation division. In 1987, Siemens reintegrated Kraftwerk Union,
2204-573: The Decree No. 585 established RZD as a joint stock company, making it a holding in charge of 63 subsidiaries, including TransContainer , RailTranAuto, Rail Passenger Directorate, Russian Troika, TransGroup, and Refservis. RZD acquired 987 companies (95% in asset value) out of the 2046 that had formed the MR system. Gennady Fadeyev, the Railways Minister, became the company's first president. The reform saw
2280-671: The French logistics company Gefco SA. The total value of the transaction was 800 million euros, the seller being PSA Peugeot Citroen , the parent company of Gefco. A program to modernize the Baikal–Amur Mainline was launched in 2013, costing the equivalent of £4 billion by 2018. In 2015, RZD International won a €1.2 billion contract to electrify the Garmsar–Inche Bourun line in Iran. In August 2015, company president Vladimir Yakunin
2356-534: The Industrial Systems Division of Texas Instruments , based in Johnson City, Tennessee . This division was organized as Siemens Industrial Automation, and was later absorbed by Siemens Energy and Automation, Inc. In 1992, Siemens bought out IBM 's half of ROLM (Siemens had bought into ROLM five years earlier), thus creating SiemensROLM Communications; eventually dropping ROLM from the name later in
Transbaikal Railway - Misplaced Pages Continue
2432-477: The Medical Solutions Diagnostics division on 1 January 2007, also in 2006 Siemens acquired Controlotron (New York) (ultrasonic flow meters), and also in 2006 Siemens acquired Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control, and VistaScape Security Systems. In January 2007, Siemens was fined €396 million by
2508-617: The Power Generation division of Siemens AG. Other parts of the company were acquired by Robert Bosch GmbH at the same time. Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens Energy & Automation, Inc. In 2001, Chemtech Group of Brazil was incorporated into the Siemens Group; it provides industrial process optimisation, consultancy and other engineering services. Also in 2001, Siemens formed joint venture Framatome with Areva SA of France by merging much of
2584-656: The Russian Federation. In 2003, the Federal Law on Railway Transport divided the Ministry of Railways into the Federal Railway Transport Agency (FRTA) and Russian Railways (RZD). The reform also required RZD to provide access to railway infrastructure to other carriers and operators. As the law requires carriers to provide service to customers anywhere in Russia, RZD retained its dominant position. Later in 2003,
2660-509: The US (via the Channel Tunnel) a possibility." Limited railway capacity is the main bottleneck for Russian coal exports to Asia. Demand for Russian coal in Europe has declined due to the energy transition and Russia's invasion of Ukraine and this reinforces the need for Russia to reorient coal exports to Asia. Various Russian actors have therefore proposed the rapid expansion of the country's eastward rail capacity. The Russian Federation
2736-490: The US and Germany in what was, at the time, the largest bribery fine in history. In addition, the company was required to invest $ 1 billion in developing and maintaining new internal compliance procedures. Siemens admitted to violating the accounting provisions of the Foreign Corrupt Practices Act , while its Bangladesh and Venezuela subsidiaries pleaded guilty to paying bribes. Despite initial expectations of
2812-402: The companies' nuclear businesses. In 2002, Siemens sold some of its business activities to Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering business included in the sale package. In 2002, Siemens abandoned the solar photovoltaic industry by selling its participation in a joint-venture company, established in 2001 with Shell and E.ON , to Shell. In 2003, Siemens acquired
2888-506: The company an infusion of cash to increase its product lines. The two companies also jointly established Advanced Micro Computers (AMC), located in Silicon Valley and in Germany, allowing AMD to enter the microcomputer development and manufacturing field, in particular based on AMD's second-source Zilog Z8000 microprocessors. When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens's stake in
2964-504: The company built the first long-distance telegraph line in Europe: 500 km from Berlin to Frankfurt am Main . In 1850, the founder's younger brother, Carl Wilhelm Siemens, later Sir William Siemens , started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855,
3040-645: The company opened an office in San Jose. On 7 March 2003, the company announced that it planned to gain 10 per cent of the mainland China market for handsets. On 18 March 2003, the company unveiled the latest in its series of Xelibri fashion phones. In 2004, the wind energy company Bonus Energy in Brande , Denmark was acquired, forming Siemens Wind Power division. Also in 2004, Siemens invested in Dasan Networks (South Korea, broadband network equipment) acquiring ~40% of
3116-434: The company since 20 August 2015. As of December 2013, Russian Railways has controlling interests in the following companies: On 24 February 2022, in response to Russia's invasion of Ukraine , US President Joe Biden announced economic sanctions against several Russian companies, including Russian Railways. The main activities of Russian Railways involve freight and passenger traffic. In Russia, railways carry 42% of
Transbaikal Railway - Misplaced Pages Continue
3192-424: The company's activities while listed on US stock exchanges. Investigations found that Siemens had a pattern of bribing officials to secure contracts, with the company spending approximately $ 1.3 billion on bribes across several countries, and maintaining separate accounting records to conceal this. Following the investigations, Siemens settled in December 2008, paying a combined total of approximately $ 1.6 billion to
3268-585: The company's revenue in 2017. The long-distance passenger fleet includes 19,386 rail cars as of 2017, with an average age of 19.1 years. Over 60% of long-distance passengers travel in third-class sleeping carriages. The long-distance rail passenger business is under increasing competition from airlines, due to their aggressive domestic pricing policies and generally shorter travel times for routes under 1,000 km. International rail passenger traffic dropped from 19.4 million passengers in 2013 to 6.8 million in 2017. In 2005–2010, JSC Russian Railways has launched
3344-411: The contractors were actually shell companies , used to convey billions of dollars in tenders to close associates of Yakunin, president of RZD. Zheldoripoteka, RZD's real estate arm, was revealed to have sold land plots located close to railway stations in major cities to the son of Russian Railways president Vladimir Yakunin. Far East Land Bridge, a company partnered with a Russian Railways subsidiary,
3420-641: The conviction of two former executives in 2007 for bribing Italian energy company Enel , a settlement with the Greek government in 2012 for 330 million euros over the Greek bribery scandal, and a guilty plea in 2014 from former Siemens executive Andres Truppel for channeling nearly $ 100 million in bribes to Argentine government officials. Siemens also faced repercussions from the World Bank due to fraudulent practices by its Russian affiliate. In 2009, Siemens agreed not to bid on World Bank projects for two years and to establish
3496-483: The creation of a new market segment following the privatization of the network's rolling stock. The company divided the bulk of its wagon fleet between two new operating companies, Freight One (which was later privatised) and Freight Two (renamed Federal Freight in 2012), and private players such as GlobalTrans also entering the market. In 2003, RZD launched a project to replace the narrow gauge on Sakhalin Railway to
3572-619: The date with the lowest index. In 2010 and 2011, the average weighted index for calendar periods was 0.97 and the average volume of passenger traffic – 1.00. According to the JSC Russian Railways statement, the passenger transportation – except for some highly profitable directions – is unprofitable. These losses are partly compensated from the budget, and for the most part – with the help of cross-subsidies by income from freight. Siemens Siemens AG ( German pronunciation: [ˈziːməns] or [-mɛns] )
3648-542: The emergence of a competitive environment, Russian Railways has been transformed into a vertically oriented holding company. In 2009, the investment budget was 262.8 billion rubles (excluding VAT), of which 47.4 billion for projects related to the preparation and staging of the Olympic Games in Sochi; 58.7 billion for the renovation of the rolling stock (including supply of Sapsan trains). In 2010, Federal Passenger Company
3724-627: The first company to build such devices. In 1881, a Siemens AC Alternator driven by a watermill was used to power the world's first electric street lighting in the town of Godalming , United Kingdom. The company continued to grow and diversified into electric trains and light bulbs . In 1885, Siemens sold one of its generators to George Westinghouse , thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh, Pennsylvania. In 1887, Siemens opened its first office in Japan. In 1890,
3800-701: The flow division of Danfoss and incorporated it into the Automation and Drives division. Also in 2003 Siemens acquired IndX software (realtime data organisation and presentation). The same year in an unrelated development Siemens reopened its office in Kabul . Also in 2003 agreed to buy Alstom Industrial Turbines; a manufacturer of small, medium and industrial gas turbines for €1.1 billion. On 11 February 2003, Siemens planned to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as spring -summer and autumn-winter collections. On 6 March 2003,
3876-773: The founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm. In 1892, Siemens was contracted to construct the Hobart electric tramway in Tasmania , Australia , as it increased its markets. The system opened in 1893 and became the first complete electric tram network in the Southern Hemisphere. Siemens & Halske (S & H) was incorporated in 1897 and then merged parts of its activities with Schuckert & Co., Nuremberg, in 1903 to become Siemens-Schuckert . In 1907, Siemens ( Siemens & Halske and Siemens-Schuckert ) had 34,324 employees and
SECTION 50
#17328590368713952-485: The high-speed rail sections linking Moscow–Kazan (1.2 trillion rubles), Moscow–Tula (268.6 billion rubles), Chelyabinsk–Yekaterinburg (122.6 billion rubles), Tula–Belgorod (86.8 billion rubles), Yekaterinburg–Nizhny Tagil (12.9 billion rubles) and Novosibirsk–Barnaul (62.3 billion rubles). The project design of the largest container port in Ust-Luga for reception and distribution of containerized freight on China–Europe route
4028-458: The idea of reforming the railway transport, according to which all economic functions on the railway should be transferred to a joint-stock company with 100% state participation. The start of the state program for reforming the Russian railway sector was given by the establishment of Russian Railways in October 2003. The new company received over 95% of the assets belonging to the Ministry of Railways of
4104-893: The implementation of the 1999 OECD Anti-Bribery Convention , Siemens started using off-shore accounts to hide its bribery. During the investigation, key player Reinhard Siekaczek, a mid-level executive in the telecommunications unit, provided critical evidence. He disclosed that he had managed an annual global bribery budget of $ 40 to $ 50 million and provided information about the company's 2,700 worldwide contractors, who were typically used to channel money to government officials. Notable instances of bribery included substantial payments in Argentina, Israel, Venezuela, China, Nigeria, and Russia to secure large contracts. The investigation resulted in multiple prosecutions and settlements with various governments, as well as legal action against Siemens employees and those who received bribes. Noteworthy cases include
4180-560: The network in 1959. As of 2009, the railway employs 46,741 people; its route length totals 3336,1 km. This Russian rail transport related article is a stub . You can help Misplaced Pages by expanding it . Russian Railways Russian Railways (Russian: ОАО «Российские железные дороги» (ОАО «РЖД») , romanized: OAO Rossiyskie zheleznye dorogi (OAO RZhD) ) is a Russian fully state-owned vertically integrated railway company , both managing infrastructure and operating freight and passenger train services. The company
4256-457: The photonics business Osram (2013), Siemens Healthineers (2017), and Siemens Energy (2020). Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847. Based on the telegraph , their invention used a needle to point to the sequence of letters, instead of using Morse code . The company, then called Telegraphen-Bauanstalt von Siemens & Halske , opened its first workshop on 12 October. In 1848,
4332-440: The rolling stock. In March 2016, RZD approved an updated version of high-speed rail development program until 2030. The 5 trillion ruble program includes the construction of Moscow–Kazan–Yekaterinburg, Moscow–Adler and Moscow–Saint Petersburg high-speed lines, as well as other high-speed lines connecting regional cities. The construction program is divided into three stages. By 2020, Russian Railways planned to put into operation
4408-508: The shares, Nokia Siemens disinvested itself of the shares in 2008. The same year Siemens acquired Photo-Scan (UK, CCTV systems), US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from Veolia ), Huntsville Electronics Corporation (automobile electronics, acquired from Chrysler ), and Chantry Networks ( WLAN equipment). In 2005, Siemens sold the Siemens mobile manufacturing business to BenQ , forming
4484-608: The shipping company CMA CGM announced to be acquiring the French logistics company Gefco SA from Russian Railways and minority shareholder Stellantis . On 11 April 2022, the Wall Street Journal and Reuters reported that the International Swaps and Derivatives Association had determined a "failure to pay" credit event occurred on 250 million CHF worth of Swiss franc loan participation notes linked to an entity related to Russian Railways, RZD Capital. The determination
4560-411: The three largest transport companies in the world. According to a Reuters inquiry, RZD procurement activities in 2012 amounted to $ 22.5 billion; part of this was awarded to private contractors with no genuine operations in de facto noncompetitive tenders. Some of the company addresses listed on the tenders turned out to be private apartments, car repair shops or department stores. It was alleged that
4636-439: The total cargo traffic, and about 33% of passenger traffic. Some passenger categories, such as pensioners, members of parliament, and holders of Soviet and Russian state decorations, receive free or subsidized tickets. In 2013 railways carried nearly 90% of Russia's freight, excluding pipelines. In 2014, railway infrastructure and locomotive services accounted for 74% of the company's total revenue. The cost of freight tariff
SECTION 60
#17328590368714712-578: The unit overseeing nuclear power business. In 1987, Siemens acquired Kongsberg Offshore from the Norwegian Government, selling it on to FMC Technologies in 1993 In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing plants, from industry pioneer ARCO Solar, owned by oil firm ARCO . In 1991, Siemens acquired Nixdorf Computer and renamed it Siemens Nixdorf Informationssysteme , in order to produce personal computers . In October 1991, Siemens acquired
4788-475: The way the Company presented itself visually to the outside world. The change of corporate identity underwent several stages during the 2007–2010 period. The final version of the logo was designed by BBDO Branding. Also, commissioned by BBDO Branding The Agency HardCase Design created a family of corporate fonts RussianRail, consisting of 15 fonts. In the new company logo Sans-serif RussianRail Grotesque Medium
4864-586: Was acquired by the Siemens's Medical Engineering Group, eventually becoming part of Siemens Medical Solutions . Also in 2000, Atecs-Mannesman was acquired by Siemens, The sale was finalised in April 2001 with 50% of the shares acquired, acquisition, Mannesmann VDO AG merged into Siemens Automotive forming Siemens VDO Automotive AG, Atecs Mannesmann Dematic Systems merged into Siemens Production and Logistics forming Siemens Dematic AG, Mannesmann Demag Delaval merged into
4940-538: Was also linked to Yakunin's son. On 16 October 2012, Russian Railways has completed competitive negotiations with potential buyers of the remaining 25-percent plus 1 share stake in JSC Freight One . The best binding offer was received from the Independent Transport Company LLC. The assets were sold for 50 billion rubles. In early November 2012, Russian Railways announced the purchase of 75% of
5016-579: Was determined much of the book contained false claims although the trial itself publicized Siemens's history in Nazi Germany. The company supplied electrical parts to Nazi concentration camps and death camps . The factories had poor working conditions, where malnutrition and death were common. Also, the scholarship has shown that the camp factories were created, run, and supplied by the SS , in conjunction with company officials, sometimes high-level officials. In
5092-479: Was dismissed, allegedly because of poor performance and mismanagement. Yakunin was replaced by Oleg Belozyorov . RZD International began works on the reconstruction of the Serbian Vinarci – Djordjevo line in 2016. The Moscow Central Circle railway, designed and managed by Roszheldorproject , an RZD subsidiary, opened in September 2016. In July 2018, the company announced plans to phase out third-class carriages on long-distance trains by 2025. On 8 April 2022,
5168-399: Was established as a fully owned subsidiary of Russian Railways, providing long-distance passenger services both in Russia and abroad. By the end of 2013, it operated all long-distance routes, except for high-speed Sapsan lines, which are operated by RZD. RZD issued its first dollar-denominated bond in 2010, raising $ 1.5 billion. On 28 October 2011, the Joint Stock Company Freight One ,
5244-405: Was established on 18 September 2003, when a decree was passed to separate the upkeep and operation of the railways from the Ministry of Railways of the Russian Federation . RZhD is based in Moscow at Novaya Basmannaya str., 2. The operating units of the central part of the staff are at Kalanchevskaya str., 35. Railways in the Russian-occupied region of Crimea are controlled by Crimea Railway ,
5320-482: Was founded to act as a competence center for financing issues and as a manager of financial risks within Siemens. In 1998, Siemens acquired Westinghouse Power Generation for more than $ 1.5 billion from the CBS Corporation and moving Siemens from third to second in the world power generation market. In 1999, Siemens's semiconductor operations were spun off into a new company called Infineon Technologies . Its Electromechanical Components operations were converted into
5396-409: Was not new; it was highlighted as far back as 1914 when both Siemens and Vickers were involved in a scandal over bribes paid to Japanese naval authorities . The company resorted to bribery as it sought to expand its business in the developing world after World War II. Up until 1999, bribes were a tax-deductible business expense in Germany, with no penalties for bribing foreign officials. However, with
5472-497: Was produced in 1980, and in 1988, Siemens and GEC acquired the UK defence and technology company Plessey . Plessey's holdings were split, and Siemens took over the avionics , radar and traffic control businesses—as Siemens Plessey . In 1977, Advanced Micro Devices (AMD) entered into a joint venture with Siemens, which wanted to enhance its technology expertise and enter the American market. Siemens purchased 20% of AMD's stock, giving
5548-490: Was the most successful passenger train of JSC Russian Railways with occupancy rate of 84.5% (according to RZD in 2010) and profitability of 30% (although capital costs were not included in its calculation). Passenger tariffs (except for travelling in the stateroom, sleeping and VIP-cars) are approved by the State, represented by the Federal Tariff Service with social orientation of its traffic operations below cost. Passenger fare
5624-527: Was the seventh-largest company in the German empire by number of employees. (see List of German companies by employees in 1907 ) In 1919, S & H and two other companies jointly formed the Osram lightbulb company. During the 1920s and 1930s, S & H started to manufacture radios , television sets , and electron microscopes . In 1932, Reiniger, Gebbert & Schall (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form
5700-434: Was therefore moved to alternative places and regions not affected by the air war. The goal was to secure continued production of important war-related and everyday goods. According to records, Siemens was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in early 1945. In 1972, Siemens sued German satirist F.C. Delius for his satirical history of the company, Unsere Siemens-Welt , and it
5776-401: Was used. In 2008, the new logo of Russian Railways became a runner-up for the international design competition WOLDA '08 award. Strategy 2030, an investment plan to expand and modernize the railway network, was approved by the Russian government in 2008. Since 2008, as part of the structural reform of rail transport, with separation of the services infrastructure of transportation activity and
#870129