FRANKFURT Nov 26 German trains-to-turbines
group Siemens is well placed to do business in the
United States, regardless of whether President-elect Donald
Trump backs fossil-fuels at the expense of renewable energy, its
CEO told a newspaper.
"The good thing is that we can offer everything. Steam power
plants that are powered by coal, state-of-the-art gas-fired
power plants, wind energy, we can build solar parks and the
necessary link to the power grid," Joe Kaeser told Frankfurter
Allgemeine Zeitung (FAZ) in an interview.
Siemens employs 50,000 people and makes $22 billion in
revenues in the United States, its single biggest market,
accounting for a quarter of its total sales.
"It should pay off that Siemens has built up local
production and engineering in the United States a long time
Global renewable stocks fell following Trump's election
victory, fuelling concerns about the long-term prospects of the
industry in the United States.
Siemens earlier this month said it planned a public listing
of its $15 billion healthcare business, its most profitable, and
Kaeser told FAZ that there was not much work left to do to make
the unit ready for a stock exchange flotation.
"We have a lot of practice," Kaeser said, pointing to
lighting group Osram, which was spun off by Siemens in
2013 and in which it still holds a 17 percent stake.
Chinese chipmaker Sanan Optoelectronics last
month confirmed it had been in "preliminary contact" with Osram
after reports that it was interested in buying the lighting
group lifted the German firm's shares.
Asked whether selling its stake to a Chinese suitor was an
issue for Siemens, Kaeser said: "China is the world's largest
lighting market. That should not be ignored lightly."
(Reporting by Christoph Steitz; Editing by Alexander Smith)