Siemens plans to invest 1 billion euros in Russia over the next three years

According to a report from the Interfax news agency on October 18th, the general manager of Germany's Siemens AG, 列ешер, told reporters at a press conference that Siemens plans to invest 1 billion euros in Russia in the next three years, most of which will be funded by 700 million euros will be invested in the field of power production. These projects include the production of 1,200 cars for the Russian Railway Company, specializing in the production of frequency converters and electronic engines for Russia’s natural industrial companies, and the openness of Russia’s Power Machinery Co., Ltd. and Russia’s hydropower. The joint-stock company set up a joint venture to produce gas turbines, wind power installations and equipment.