Siemens 2006 Annual Report Download - page 11

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Letter to our Shareholders 11
■SIPROCESS from A&D is a modular, automated micro process system for synthesizing chemical
substances. This cutting-edge system significantly reduces product development costs and
shortens time-to-market. Users report that SIPROCESS increases lab productivity up to fivefold.
■In April 2006, a 290-km submarine cable began transmitting power between Australia and
Tasmania. During the rainy season, electricity generated by eco-friendly hydropower plants on
the island flows to the mainland. During the dry season, power from coal-fired facilities in Aus-
tralia is transmitted to Tasmania. High-voltage direct-current transmission technology from PTD
is helping minimize energy loss along the entire route. Thanks to Siemens, both the continent
and its island are benefiting from lower emissions and reliable power supplies.
These are only three examples of the technological prowess that has been driving our Com-
pany’s success for 160 years and is still creating sustainable value for our customers every day.
We’re bundling our products to create sector-specific solutions.
In fiscal 2006, we set up a number of cross-Group Sector Development Boards to offer solutions
even better tailored to our customers’ specific requirements. At BMW’s Leipzig facility, for example,
we supplied automation and manufacturing solutions for the body shop, paint shop and final
assembly system. We also provided the plant’s power supply, communications and IT systems, its
building infrastructure and all related services.
Employee know-how and teamwork are key competitive advantages.
Our technological and entrepreneurial success is based on the superb collaboration of our excel-
lent employees worldwide. Given the breakneck speed at which markets are changing, the expert-
ise and teamwork of our people are a source of long-term competitive advantages. That’s why
People Excellence – our third Fit4More pillar – is so important to us. The aim of our activities in this
area is to foster a high-performance culture across the entire Company. Successful People Excel-
lence measures include our newly restructured Siemens Leadership Excellence (SLE) program,
which is providing our managers with the knowledge they’ll need to meet the challenges of the
future. In SLE courses, top Siemens executives share their experiences and practical know-how
with the next generation of Company leaders. Our ability to recognize and nurture these top
talents early on is also a decisive factor in our success.