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

SUGAR LAND, TX -- (Marketwire) -- 11/29/11 -- 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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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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