German industrial conglomerate Siemens AG expands its strong presence in the United States by consolidating production of gas turbines for electric utilities in North Carolina.
By building a new production plant for 60-Hertz gas turbines at its existing facility in Charlotte, North Carolina Siemens will create a new global production hub for gas and steam turbines and generators for an expected boom in electricity demand in the Southeast and around the world.
A subsidiary of the Munich-based company, Siemens Energy Inc. plans to initially invest approximately $135 million.
The move is expected to create 825 engineering and manufacturing jobs in Charlotte within five years, paying an average wage of almost $64,000 a year. Production in the expanded plant is scheduled to start in the fall of 2011, the company said.
To make the move to Charlotte the company was promised a package of tax breaks, grants and low-interest loans worth up to $154.75 million.
Source & photo : Siemens
8 Briarpark Drive
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