SOURCE: Industrial Info Resources

Industrial Info Resources

November 29, 2011 04:30 ET

Retiring Coal-Fired Plants Increase Demand for Gas-Fired Combustion Turbines, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Nov 29, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Siemens AG (NYSE:SI) (Munich, Germany) recently opened a new factory to manufacture natural gas-fired combustion turbines in Charlotte, North Carolina. The 50,000-square-foot facility is adjacent to an existing Siemens-owned factory that produces steam turbines and generators and will employ 1,800 additional employees. Siemens' justification for the new factory is the expectation of additional orders from natural gas-fired power plants in North America that are being built to replace the expected retirement of coal-fired power plants.

Industrial Info's North American Combustion Turbine Generator Market Share Analysis provides critical market sizing and market segmentation intelligence on the currently installed base of about 5,000 combustion turbine units operating in the U.S. and Canada.

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