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Stock impact report

Siemens thinks big with small-batch production [Reuters]

ABB Ltd (ABB) 
Last abb ltd earnings: 7/25 12:46 am Check Earnings Report
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Company Research Source: Reuters
Siemens thinks big with small-batch production | Reuters 5 Min Read KARLSRUHE, Germany (Reuters) - German engineering group Siemens ( SIEGn.DE ) is redoubling its efforts in an area where it has traditionally lagged: managing the processing of materials into medicines, chemicals or foodstuffs. Siemens excels at helping makers of cars, planes and trains make their production and assembly smarter by using its software to create distinct items and components - so-called discrete manufacturing. But when it comes to process industries such as petrochemicals, Siemens has been at a disadvantage to rivals such as industrial machinery and controller makers Honeywell ( HON.N ) or ABB ( ABB.N ), which have longer-standing relationships with major oil and gas players. Now Siemens is investing in the technology used to control mixing, heating, and pressurising ingredients in the process industry - enabling the small-batch and hybrid production of products like drugs, where personalized and ni Show less Read more
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