Siemens Predicts Green Technology Sales of 40 Billion Euros
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Siemens AG aims to grow revenue from solar equipment, wind turbines and other products designed to save energy to 40 billion euros ($55 billion) by 2014 as it jostles with General Electric Co. for market share.
Revenue from environmental products totaled about 28 billion euros in the fiscal year through September, the company said in a statement today. The company had previously targeted revenue of at least 25 billion euros by 2011.