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June 28, 2017

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Siemens Taiwan's orders rise 6%

TAIPEI, Taiwan -- Siemens Limited Taiwan posted a strong 2012 fiscal year performance, with new orders to customers in Taiwan from throughout the world amounting to NT$14 billion.

Despite the weak macroeconomic environment, new orders rose 6 percent from the previous fiscal year, surpassing the initial target set for the period.

Taiwan has repeatedly lowered its GDP forecast for 2012, with authorities now expecting growth of around 1.1 percent for the year. The HSBC Taiwan Manufacturing Purchasing Managers' Index for September-November fell below 50, pointing to slowing growth in economies.

Siemens Limited Taiwan, however, bucked the trend and posted growth of 6 percent in new orders during this fiscal year, which ran from Oct. 1, 2011 to Sept. 30, 2012.

Siemens Limited Taiwan President and CEO Erdal Elver explained the results: "The efforts among the employees of Siemens Taiwan, together with the trust placed in the company by customers, enabled us to surpass our targets for Fiscal Year 2012 despite the weak macroeconomic environment."

According to Elver, Siemens' four business sectors in Taiwan all maintained close cooperation with their respective local industries.

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