Siemens and Power Machines Joint Venture may increase localization of turbines

05 September 2018

Siemens Gas Turbine Technology, which is Siemens and Power Machines JV, is considering the possibility of increasing localization of high-capacity gas turbine production. This was reported to journalists by Director General of Siemens Gas Turbine Technologies JSC Nico Petzold. At the same time, he noted that the company sees no “threat” in the intention of Power Machines to develop their own power turbines.

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Siemens AG

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Siemens is a major electronics and industrial engineering company, with four main business units: Industry, Energy, Healthcare and City Infrastructure. Siemens' operations, which encompass 750 subsidiaries and associated companies, make everything from automation equipment and building technologies for manufacturers and construction companies to diagnostic and imaging systems for hospitals and clinics.