Siemens unit head says sees slower growth in 08/09

Newswire

FRANKFURT, July 26 (Reuters) - Siemens' head of industry division expects growth to slow in the next fiscal year and said the company would increase capacity with caution in the coming year, according to a media report. In the second quarter ending in June, new orders in the industry division grew by 10 percent compared with the previous year. The industry division is Siemens' biggest unit by sales. "We know, we will not see these growth rates again in the next quarters," Heinrich ...

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