German-Based Siemens and Chromalloy (US) Invest in New Joint Venture
German-based Siemens and Chromalloy announced their joint venture in Tampa, FL.
“This report demonstrates how insourcing companies, as a group, outperformed the economy-wide average in nearly every relevant economic indicator over the past decade,” said Nancy McLernon, president and CEO of OFII. “The report also shows how mergers and acquisitions play a critical role in channeling foreign investment in the United States. When a foreign company acquires a U.S. company, they raise their industries’ economic performance, increase compensation and benefits for hardworking Americans, and pay a disproportionate amount of U.S. taxes.”
Read the highlights paper HERE.
Read the full paper HERE.