Toshiba, GE eyeing fossil-fuel power JV - Nikkei
Jan 24 (Reuters) - Toshiba Corp and General Electric Co will begin discussions to form a joint venture to develop and sell fossil-fuel power equipment, the Nikkei reported.
The two companies aim to jointly develop highly efficient combined cycle gas turbine equipment, and plan to have equal stakes in the unit, which may be launched as early as this year, the business daily said.
Mitsubishi Heavy Industries and Hitachi Ltd said in November they would combine their thermal power businesses to compete against overseas rivals Siemens and GE, which are winning deals even in the Japanese firms' backyard.
- U.S.' Kerry voices 'regret' to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Mega Millions winners in Georgia, California to split $648 million |
- Medical bills underlie 60 percent of U.S. bankrupts: study