3-D printing is a key feature of the automation methods in industry 4.0. At a Siemens factory in Berlin, replacement parts for gas turbines are now being printed instead of cast. A first full-scale series has been a success.
The German engineering giant is expecting bumper profits in the wake of a massive restructuring that will also cut thousands of jobs. But Siemens believes a new, leaner structure is vital for long-term growth.
The German engineering giant has revealed the scale of difficulties faced by its power and gas unit, where profits fell 40 percent in Q4. Up to 6,000 job losses have been announced at its wind turbine business.
German industrial conglomerate Siemens has seen a pickup in bottom-line earnings for its third quarter, beating analysts' expectations. But the firm's energy units recorded a marked drop in large contracts.
The German startup sector pales in size and clout to the industries that traditionally steer the economy, from carmakers to steel producers. Yet what they lack for in size, startups make up for in promise.
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