Source AP ©

Toshiba and JFE engineering in turbine operations deal

Japan's Toshiba Plant Systems & Services Corp. and JFE Engineering, a unit of steelmaker JFE Holdings Inc., said Wednesday they have signed a contract to jointly make and sell steam turbines for power generation.

The lucrative market for power generation equipment is fostering tie-ups that cross industry lines.

JFE is one of Japan's larger steel manufacturers, and Toshiba Plant Systems is a group company of Toshiba Corp., a massive electronics and semiconductor conglomerate.

The companies said in a joint press release the deal will allow Toshiba Plant Systems to expand its products to turbines for thermal generators of 100 megawatts and below. It will also allow JFE Holdings to expand its offerings to larger, higher-specification turbines.

Toshiba has been aggressively expanding into power generation equipment. The company last year acquired a 77-percent stake in U.S.-based nuclear power plant maker Westinghouse Electric Co.

Toshiba and JFE gave no financial details of their tie-up.

Comments
Russian Guard to see enemies behind walls
What will happen if USA freezes Russian dollar assets?
Ukraine suspicious about Russia's intention to give away rusty ships to Kiev
Russian Armed Forces to receive second-to-none gliding bomb
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Turkey distances itself from Russia to plunge Syria into greater chaos
Terrorists work on another 9/11 for USA
USA will seize Kuril Islands immediately if Russia delivers them to Japan
Russia to impose sanctions on WADA for Winter Olympics 2018
Russia to impose sanctions on WADA for Winter Olympics 2018
Turkey distances itself from Russia to plunge Syria into greater chaos
Turkey distances itself from Russia to plunge Syria into greater chaos
Turkey distances itself from Russia to plunge Syria into greater chaos
Russian woman killed when hanging out naked of moving car in Dominican Republic
Some A**hole should shut his cakehole
Russia to impose sanctions on WADA for Winter Olympics 2018
German experts name Russia's most dangerous weapon
German experts name Russia's most dangerous weapon