The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Siemens Installs Drive System Order Worth More Than $10 Million at Steckel Mill in Iowa

Thursday, April 12, 2012

Siemens Installs Drive System Order Worth More Than $10 Million at Steckel Mill in Iowa09:00 EDT Thursday, April 12, 2012ATLANTA, April 12, 2012 /PRNewswire/ -- Siemens (NYSE: SI) today announced that it has installed a new drive system at the SSAB Americas' plate and steckel mill in Montpelier, Iowa. The order is valued at more than $10 million and includes two Siemens Sinamics SM150 drive systems and synchronous motors to replace the existing equipment at the mill.(Photo:  http://photos.prnewswire.com/prnh/20120412/NY85983 )(Logo:  http://photos.prnewswire.com/prnh/20070904/SIEMENSLOGO )"In addition to replacing obsolete parts related to the cycloconverter, SSAB wanted a more reliable motor and to reduce maintenance costs associated with the existing equipment," said John Powell, SSAB facilities engineer, electrical and utilities. "Thus, SSAB replaced the motor and drives with a Siemens solution."The new Siemens drive system includes innovative software tools, including remote access diagnostic features, which significantly facilitate maintenance and documentation procedures. Siemens' local presence provides more readily available customer service, including spare parts and trained personnel. The power on the mill stands increases from 19 to 21 MW, giving SSAB headroom to improve their rolling operations even further."Siemens is certain that SSAB's new drive system will provide invaluable production, availability and service benefits," said Aashish Gupta, vice president, Metals Technologies, Siemens Industry. "We are pleased to be able to continue our working relationship with SSAB and we are committed to providing reliable, quality solutions to help the company improve their operations." SSAB is a global producer of high strength steels with a leading market position in quenched and tempered steels. SSAB Americas is the leading supplier of heavy plate and strip products in North America and Latin America.For more information about Siemens' Metals Technologies Business Unit, please visit http://www.usa.siemens.com/metals. About SiemensSiemens Industry Sector is the world's leading supplier of innovative and environmentally friendly products, solutions and services for industrial customers. With end-to-end automation technology and industrial software, solid vertical-market expertise, and technology-based services, the sector enhances its customers' productivity, efficiency and flexibility. With a global workforce of more than 100,000 employees, the Industry Sector comprises the Industry Automation, Drive Technologies and Customer Services Divisions as well as the Metals Technologies Business Unit. For more information, visit http://www.usa.siemens.com/industry.The Metals Technologies Business Unit, part of the Siemens Industry Sector, is one of the world's leading suppliers of plant construction and engineering in the iron and steel industry as well as in the flat rolling segment of the aluminum industry. The business offers a comprehensive product and service portfolio for metallurgical plants and equipment as well as integrated automation and environmental solutions covering the entire lifecycle of plants. For more information, visit http://www.usa.siemens.com/metals.About SSABSSAB is a global leader in the supply of high strength steel. SSAB offers products developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in more than 45 countries, and operates production facilities in Sweden and the U.S. SSAB is listed on the NASDAQ OMX Nordic stock exchange, Stockholm.For more information, visit http://www.ssab.comSOURCE SiemensFor further information: Tiffany McKinney, +1-770-751-2211, tiffany.mckinney@siemens.com