Success Stories - Financial Services Russia - Siemens

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You are here: Home Success Stories Success Stories

Industry

Overview

Freight Management - Trucks and Railcars
Construction
Printing and Packaging
Trade Equipment
Forestry
Wood Processing
Manufacturing of PVC Windows & Doors
Food Processing
Metalworking
Recreation & Amusement

Freight Management - Trucks and Railcars

Freight trucks and railcars are among Russia’s most demanded leased assets. Leasing of the freight trucks became the trend, because today the existing truck fleet in Russia is battered – about 64% of these trucks are in use more than 10 years.

Construction

By tapping into lease financing, leading construction companies have received equipment critical to the successful development of residential and corporate building stock as well as roadways and infrastructure. According to industry rankings based on 2010 data, Siemens Finance was 6th among leasing companies that actively financed construction equipment. As of 01 January 2011, Siemens Finance’s portfolio contained $47.5 million in construction-related equipment and vehicles.

Printing and Packaging

Today Russia’s printing represents a well-developed industry with high competitive standards. In this competitive high-tech market, the one succeeds, who can offer the top quality and a broad spectrum of services.

Trade Equipment

This segment of our portfolio includes all equipment required in the day-to-day operations of stores, bars and restaurants. According to industry rankings based on 2010 data, Siemens Finance was 2nd among Russian leasing companies actively involved in the financing of trade equipment. As of 01 January 2011, our portfolio contained $7.9 million in related equipment.

Forestry

Through the use of lease financing, many leaders of forestry industry have re-equipped their operations. Siemens Finance is one of the leaders in the financing of forestry equipment. Based on market data for 2010, Siemens Finance ranked 2nd among Russian leasing companies working with forestry enterprises.

Wood Processing

The Russian wood processing industry is faced with the critical task of significantly expanding its output of high-quality and high-value product. Success is directly linked to the industry’s ability to acquire high-tech equipment that will produce products demanded at home and abroad.

Manufacturing of PVC Windows & Doors

Siemens Finance has great experience in the financing of companies in this industry. We financed our first PVC-related project in 2001 and our portfolio contained $10 million in such assets on 01 January 2011.

Food Processing

Today Russia’s food processing industry is strategically important for providing the country with the necessary food products.

Metalworking

The key point of successful development in this segment is the presence of high-tech equipment that allows industry to expand sales, upgrade quality and renew the range of products. Low manufacturing resource usage and high equipment reliability give the manufacturers the essential advantages such as low operating expenses and production cost.

Recreation & Amusement

The service industry can account for as much as 70% of GDP in developed countries, but it lags far behind in Russia. However, consumer services inclusive of recreation and amusement are in a phase of dynamic growth. We began leasing equipment to these sectors during 2006. As of 1 January 2011, Siemens Finance’s portfolio of related equipment contained $2.1 million. Based on 2010 industry data, the Company holds the 1st place by the volume of the new business financed in the segment of recreation and sport.

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