Siemens Goes East

-- Siemens underscored its designs on fast-growing Asian markets by choosing Singapore as the site of its first executive committee meeting held outside Germany. CEO Heinrich von Pierer announced plans to invest over $3.5 billion in Asia by 2000, with over $1 billion for China and up to $1 billion in India. Von Pierer predicted Asian business volume will double to $15 billion by the turn of the century.

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