The struggle of General Electric (USA) and Siemens (Germany) for the Russian market
This week the information actually found its confirmation. It became known about the readiness of the American corporation GE (General Electric) to significantly expand its presence in the Russian market. In particular, there is evidence that General Electric plans to localize the production of power grid equipment in St. Petersburg.
Today, the corporation is represented far not only in the northern capital, but also in such cities as Moscow, Aksai, Kaluga, Kazan, Yekaterinburg, Rybinsk, Penza, Krasnodar, Vladivostok, Yuzhno-Sakhalinsk, etc. The management of the American General Electric perfectly understands that against the background of the scandal with Siemens, which is a direct competitor, it is possible to achieve even greater expansion of its presence in the Russian Federation.
Back in 2016, GE announced a partnership with Russian companies for a total of 1 billion to 2020. As you can see, GE does not pay any attention to any sanctions. The corporation, in particular, decided to invest in the creation of a joint venture in the Yaroslavl region - Russian Gas Turbines. And, it is believed that even if these gas turbines end up in the Crimea, then this will have no effect on GE activities in Russia.
Will German Siemens surrender without a fight with an American corporation for the Russian market?
For reference from the press service GE:
In Russia, GE has been working since the beginning of the 1920s, when large-scale electrification began in the country. Today, GE, in partnership with major Russian companies, is involved in solving key infrastructure problems in the energy, oil and gas, transport engineering and healthcare sectors. More than 1500 GE employees work in Russia and the CIS, the company's regional headquarters is in Moscow.
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