Siemens creates global 60-Hertz turbine hub in the U.S.
(PRNewswire)
In line with its ongoing U.S. investment efforts, Siemens announced that it will build a new 60-Hz gas turbine production plant at its existing facility in Charlotte, North Carolina. As part of its expanded U.S. presence, Siemens will create a global production hub for manufacturing, servicing and other support functions related to the supply of its gas and steam turbines and generators to 60-Hz markets around the world. The initial investment will be approximately $135 million. Production is slated to start in the fall of 2011. This is the latest in a series of moves designed to support Siemens' clearly defined growth strategy in the U.S. With revenues totaling $21.3 billion in fiscal 2009, the U.S. continues to be the most important single-country market for Siemens. "This decision underscores our commitment to the U.S. Over the next five years, we expect employment at the Charlotte site to grow to nearly 1,800 people, with more than 1,000 of those positions new to Charlotte," said Peter Loscher, President and CEO of Siemens AG.
