Building prototypes for machinery takes a lot of time and creates a lot of waste. Additive manufacturing, a.k.a. 3D printing, reduces both, and Siemens, which makes everything from locomotives to medical X-ray machines, has embraced it avidly. Siemens says additive techniques have enabled its gas- and steam-turbine unit to reduce development time by 75% and use an average of 65% fewer resources in the production process. The company also makes and sells software that helps customers reap similar 3D rewards.
Company Information
Impact Segment | Environmental Impact |
Sector | Industrials |
Industry | Industrial Machinery |
CEO | Josef Kaeser |
Website | www.siemens.com |
Employees | 372,000 |
Company Type | Public |
Revenues ($M) (Last Fiscal Year) | $91,585 |
Profits ($M) (Last Fiscal Year) | $6,667 |
Market Value ($M) | $107,289 |