Trade Nov-Dec Interactive - page 4

Kemper America Purchased
Site in Georgia
A German-based leader in welding
and exhaust safety equipment,
Kemper America, recently bought
more than 15 acres in Dawson, GA
for its North American operations.
Kemper America purchased the
property with plans to build a
20,000-square-foot facility. Initially
intended to house Kemper's sales and
warehousing, the facility could, over
the long term, also include manufac-
turing and dozens of new jobs.
President Ben Howell hopes to break
ground in the spring in anticipation
of opening by the end of 2014.
"We've been in business in Georgia
for the last 17 years, but we've
always rented our facility," Howell
said. "We're growing by about 20
percent each year and need more
space." Established in 1977, Kemper
is a leader in systematic air purifica-
tion at welding work places.
Siemens Shakeup Returns
Power to Country Managers
Siemens' new Chief Executive Joe
Kaeser is returning more power to
lower-level managers around the
world with the aim of making the
engineering group more nimble. The
company, Germany's second-biggest
by market value, said in a statement
it was doing away with a level of
regional management it calls
"clusters", introduced by former chief
executive Peter Loescher in 2008, to
return to a flatter hierarchy and
make it easier to take quick deci-
sions. "Eliminating the clusters will
make Siemens more streamlined and
closer to the markets," Siemens said
as around 600 of its managers held
an annual meeting in Berlin. Kaeser,
a 33-year company veteran, was
named as CEO at the end of July
after Siemens dumped Loescher four
years before the end of his contract,
following a series of profit warnings.
Now he has to find a way to whip
into shape a lumbering conglomerate
with 78 billion euros ($105 billion) of
annual sales and products ranging
from gas turbines to high-speed
trains and ultrasound machines.
Germany's 'Gummy Bear
King' Dies Age 90
Hans Riegel, the man behind
Germany's Haribo confectionery and
much-loved gummy bears, has died
aged 90 from heart failure, his office
said. Riegel spent almost 70 years at
the helm of Haribo, which was
founded by his candymaker father in
1920. From a small firm struggling
with the shortages of post-war
Germany, he built it into a world
famous brand exporting to 100
countries.
Feuer Powertrain GmbH
Announces U.S.
Headquarters in Mississippi
Officials from Feuer Powertrain
GmbH have announced Tunica, MS
as the location for the company's
first U.S. manufacturing facility. The
project is a $140 million corporate
investment and will create 300 new
jobs. FeuerPT, manufacturer of
crankshafts for the automotive and
transportation industry, will begin
construction of the Tunica facility in
the fall of 2013. Production is slated
to begin in late 2014 or early 2015.
After an intensive site selection
process, the company is convinced
that choosing Tunica is the right
move. The professional support of
the state of Mississippi and the
county of Tunica as well as a
business-friendly atmosphere were
decisive factors for expanding the
company's global manufacturing
footprint.
Global Wind Power
Market Will More Than
Quadruple by 2030
Germany's Siemens, the world's no.3
maker of wind turbines, expects the
global wind power market to more
than quadruple by 2030. "The market
will shift away from Europe signifi-
cantly," Markus Tacke, chief execu-
tive of the German company's Wind
Power division, said at a renewable
energy conference in Berlin. He said
globally installed wind power
capacity would increase to 1,107
gigawatt (GW) in 2030 from 273 GW
in 2012. Siemens Wind Power, part
of the group's Energy division,
achieved sales of EUR3.55 billion
($4.76 billion) in the first nine
months of Siemens' fiscal year, down
1 percent year on year.
BASF & Yara Mull Joint
U.S. Ammonia Plant
German Chemicals firm BASF and
Norwegian fertilizer maker Yara may
invest in a "world scale" ammonia
plant around the U.S. Gulf Coast,
Yara said in a statement. "Yara, with
its global ammonia network and
market expertise, seeks to increase its
presence in the United States," it said
in a statement. "BASF, which has a
strong presence in the United States,
is currently a major user of ammonia
for its U.S. downstream manufactur-
ing activities and intends to further
strengthen its backward integration."
T R A N S A T L A N T I C T I C K E R
German American Trade Nov/Dec 2013
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