Beginning April 1, the nine-year-old joint venture Voith Siemens Hydro Power Generation becomes simply Voith Hydro.
Parent Voith AG said the partnership between the big hydro turbine and generator manufacturers remains the same, with Voith holding 65 percent and Siemens 35 percent of the shares in Voith Hydro.
“Under its new name, the company will continue to stand for proven expertise, excellent research and development, technical reliability, and innovations that gained worldwide recognition,” Voith Hydro Chairman Roland Muench said. “Voith Hydro retains its leading position as a quality-conscious provider of equipment and services for existing and new hydroelectric power stations.”
Voith Hydro’s order volume increased by more than 25 percent over the last year to almost 1.4 billion euros (US$1.78 billion), the official said. Its products range from complete concept to individual electrical and hydraulic components, plus expert services.
“We have been able to substantially develop our competencies within the joint venture,” Muench said. “Today, as a full-service provider, we offer everything, from the complete solution to individual components, from our own engineering and production facilities.”