Siemens set to exploit US shale boom

New chief hopes pair of deals will drive profits turnround

An employee of Siemens Charlotte Turbine-Generator Center inspects the inside of a stator core, which is the stationary part of a generator's rotor system. Siemens state-of-the-art generator manufacturing operations include new-unit generator manufacturing as well as service repairs for steam turbines and generators. The Charlotte NC manufacturing facility was founded in 1967 by Westinghouse Electric Corporation to manufacture nuclear low pressure turbines. Siemens Charlotte plant is the primary service center for generator and steam turbine equipment in the Americas, and the lead plant for manufacturing new electrical generators. Internationally, Siemens AG is Europe's largest engineering conglomerate.

Siemens: Cheque out

Deal looks expensive, but the German group can afford it

Ingram Pinn illustration
©Ingram Pinn

Counter Google with a European version

Brussels should create conditions where a strong alternative can thrive, says Evgeny Morozov

Luxury carmakers hindered in India

Hefty import duties and economic downturn hurt sales of supercars

Ingersoll-Rand compressor factory in Shanghai

Ingersoll-Rand bows to climate fears

Manufacturer to end use of HFC chemicals by 2030

Airbus FAL - Aerial August 2014

Airbus seeks to tap US jet market

Toulouse-based company to open first jet assembly line in the US

Nepal launches hydropower growth plan

$1.4bn contract is nation’s biggest foreign investment deal

Siemens buys Dresser-Rand for $7.6bn

All-cash offer for US oilfield group

UK investment group Greybull eyes Monarch

Up to 1,000 jobs likely to go as airline reshape its network

GE eyes oil group Dresser-Rand

Prospect of bid war with Siemens over oil equipment maker

Week in Review, September 20

Air France strike; European taxes, Phones4U and Asos also in the news

Scotland vote to unleash London IPOs

Aldermore, Miller Group and RAC expected to file for float soon

Evraz to spin off North American business

Russian steelmaker seeks to pay down pre-crisis debt

Industrial companies relieved at No vote

Result allays fears of aerospace and defence sectors

Arkema seeks to bond with Blu Tack maker

French chemicals group offers oil major Total €1.74bn for Bostik

City Insider: Weir’s Cochrane leads Noes

Keith Cochrane, John McFarlane and Masroor Siddiqui in the news

Lotus to cut one-quarter of workforce

Part of wider restructuring at Malaysian-owned UK sports car maker

Ex-chief poses dilemma for Siemens

Löscher, chair of Sulzer, now in tie-up talks with Dresser-Rand

Kier offers hope for construction sector

Revenues and profits at UK group rise 50%

US law firms battle it out in London

Akin Gump to take 22 partners from Bingham McCutchen

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