Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Siemens Ag Has Eye on Drilling Industry

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Siemens Ag Has Eye on Drilling Industry

Article excerpt

Timing, they say, is everything. Siemens AG, Europe's largest engineering company, and its divisions and employees in Pittsburgh are hoping that's the case.

The company, with a headquarters in Warrendale that specializes in water treatment systems and services as well as other energy- related divisions in the area, appears to be poised to capitalize on the Marcellus Shale boom in the region and beyond.

Youngstown native Eric Spiegel, president and CEO of Siemens Corp. in the United States, said he would like nothing better than to add to Siemens' 1,600 employees in Pittsburgh by becoming a leader in supplying and servicing the natural gas industry.

"We definitely see an uptick in the oil and gas businesses. It's one of our growth businesses," he said. "This is kind of an opportunity for a new era."

Mr. Spiegel believes several of Siemens' Pittsburgh-based entities could become important contributors to the natural gas boom, either by supplying needed equipment or helping in dealing with concerns about water use and contamination as a result of drilling operations.

"We're spending a lot of time and effort trying to help with those problems," he said.

For instance, Warrendale-based Siemens Water Technologies, with 140 employees locally, provides sustainable water and waste water treatment systems and services to municipalities and industries throughout the world. It has developed a system designed to help in the treatment of water used in the Marcellus Shale drilling process.

The New Kensington-based Large Drives Application division, with 600 employees, develops motors and drives for use in a number of industries, including those involved in oil and gas drilling.

Beyond the region, Siemens last fall opened a $350 million gas turbine manufacturing plant in Charlotte, N.C., in hopes of capitalizing on the growing availability of natural gas. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.