SUGAR LAND, Texas, Feb. 6, 2018 /PRNewswire/ -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Wall Street axiom -- "the time to buy is when there's blood in the streets" -- suggests there's a buying opportunity in the current collapse of the gas turbine original equipment manufacturing (OEM) industry. Both General Electric Company (Boston, Massachusetts) and Siemens AG (Munich, Germany) recently slashed staffing at their power segments amid a glut in global production capacity and a dearth of new utility-scale orders.
Within this article: Details on the original equipment manufacturing (OEM) industry for gas turbines.
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, 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. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to [email protected] or visit us online at http://www.industrialinfo.com.
William Ploch
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SOURCE Industrial Info Resources, Inc.
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