Siemens Eyes $7.5 Bln Mexico Deals to Boost Cities Unit
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Siemens AG plans to bid for all 97 billion pesos ($7.47 billion) in upcoming rail-engineering contracts in Mexico to reduce its dependence on its home European market.
The company will compete for signaling, rail car and electrification contracts on passenger routes connecting Mexico City with Toluca and Queretaro as well as a tourist train on the Yucatan peninsula and a metro system in Guadalajara, said Louise Goeser, Siemens’ head of Mexico and Central American operations.