Siemens-Gamesa Not Yet Blown Over By Duties, Further Headwinds Possible — Panjiva
Más

Panjiva_research_logo

Siemens-Gamesa Not Yet Blown Over By Duties, Further Headwinds Possible

China 1760 Energy - Renewables 99 U.S. 3301

Wind turbine maker Siemens-Gamesa has stated it will not pass along the 2% to 4% increase in costs due to U.S. tariff increases to its customers. That’s a marked contrast to most other capital goods companies and likely reflects the highly competitive nature of wind-power projects as well as the fixed price terms included in already signed but as yet unbuilt projects. Following the merger of Siemens and Gamesa in April 2017 the U.S. seaborne imports by Gamesa climbed 2.8x on a year earlier. However with 57% of those shipments having come from China there’s a risk that there will be furth...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.