Siemens expects water industry investment to stay robust

Siemens expects water industry investment to stay robust

Chicago, Illinois - Despite the current economic downturn, Siemens continues to see favorable prospects in its water business, according to Jens Wegmann who, as CEO of the Industrial Solutions Division, is responsible for the water business at Siemens. Urbanisation and water shortage are long-term trends which will determine the need for water treatment and recycling solutions, he said at the Weftec trade show in North America

"We are sticking to our view that the markets for water treatment will continue to grow worldwide," said Wegmann. Siemens Water Technologies, he added, is well equipped to compensate for any investment delays at municipal level in individual countries as a result of its industrial and modernisation business.

"Whereas attracting investment capital for individual major projects is likely to become more difficult", said Wegmann, "we continue to see opportunities for growth in general business with products and services aimed at modernising and expanding existing installations."

In North America, he said, growth in projects for re-using water is expected in order to eliminate shortages in municipal and industrial water supplies. Investments are also planned in branches of industry such as open-cast mining, paper production or the food industry where Siemens is active and water is a crucial production factor.