Nov. 25, 2002

Siemens'total purchases from Taiwan will hit EUR 1.2 billion in 2002, according to Hermann Baumann, chairman of the Siemens advisory board said during a visit to Taiwan which included a meeting with the nation's Premier, Yu Shyi-kun.

Siemens, which began operations in Taiwan in 1970 has purchased US$ 1.2 billion this year ( the US$ is at par with the EURO at the time of writing ) from Taiwan's electronics suppliers, including notebook computers, cellphones, motherboards and servers.
The figure represents about 1.5% of Taiwan's total electronics exports.

Baumann also made a commitment to continue to expand procurement, expecting it to range between US$ 1.45 billion and US$ 1.56 billion for the next two years.

At this opportunity, Baumann also announced the establishment of a business center designed to consolidate the position of German companies in Taiwan within two years.
Siemens is working together with the European Chamber of Commerce in Taiwan for this trade center, that will provide office space for German or European companies that would like to venture on the island. With the project still in the planning stage, Baumann declined to disclose investment figures, but said the center will also house Siemens'Taiwan headquarters and the German Institute, Germany's de facto embassy in Taiwan.

Apart from above mentioned electronic purchases, Siemens is involved in large infrastructure, power distribution and railroad projects, including the MRT,
Taiwan's growing subway mass rapid transit system.