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Siemens Long-Cycle Industry Customers Weighing Investments Again

Siemens AG said customers for long-cycle industrial products are considering investments again, and that the recovery in short-cycle demand has extended into the first quarter of its fiscal year.

Siemens, based in Munich, continues to review the portfolio of its industrial unit, Siegfried Russwurm, head of Siemens’ industry division, said during an event at Red Bull Racing’s factory in Milton Keynes, where he presented software that’s used to tweak the handling of Formula 1 cars.