Siemens (German) To Locate $350 Million Facility to Charlotte, North Carolina -- Nothing To Do Directly With The Bakken

Link here.

Siemens is continuing to expand its worldwide network of gas turbine manufacturing facilities. The company has invested more than $350 million in a 42,000-square-meter plant in Charlotte, North Carolina, creating 700 new jobs. [That is 700 more new jobs than the President created today.]

The Charlotte plant will not only supply the US and other countries that use 60 hertz grids, but will also export advanced power plant technology around the world. Siemens projects that exports from Charlotte will increase to more than $400 million annually.

After Berlin (Germany), Charlotte is the second key pillar in Siemens international manufacturing network. Siemens is expanding into Russia and Saudi Arabia. Charlotte is the only Siemens plant in the world that makes both gas and steam turbines as well as generators.

I believe Siemens is the number one manufacturer of wind turbines, also. Could be wrong on that.