Siemens unveils growth plans in Chinese power market
Frankfurt (AFP) June 28, 2010 - German industrial group Siemens said on Monday that it had raised its stake in a joint venture with Shanghai Electric of China and added that other tie-ups were in the offing. A Siemens statement said it now owned 40 percent of the Shanghai Electric Power Generation Equipment (SEPG), which installs gas and coal-powered generators as well as conventional parts for nuclear power stations. ... more
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