AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.29 Decreased By ▼ -0.04 (-0.75%)
CNERGY 4.38 No Change ▼ 0.00 (0%)
DFML 35.15 Increased By ▲ 1.96 (5.91%)
DGKC 76.30 Decreased By ▼ -0.57 (-0.74%)
FCCL 20.60 Increased By ▲ 0.07 (0.34%)
FFBL 32.03 Increased By ▲ 0.63 (2.01%)
FFL 9.73 Decreased By ▼ -0.12 (-1.22%)
GGL 10.18 Decreased By ▼ -0.07 (-0.68%)
HBL 117.80 Decreased By ▼ -0.13 (-0.11%)
HUBC 135.00 Increased By ▲ 0.90 (0.67%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.58 Decreased By ▼ -0.09 (-1.93%)
KOSM 4.74 No Change ▼ 0.00 (0%)
MLCF 37.31 Decreased By ▼ -0.13 (-0.35%)
OGDC 136.85 Increased By ▲ 0.15 (0.11%)
PAEL 23.06 Decreased By ▼ -0.09 (-0.39%)
PIAA 27.05 Increased By ▲ 0.50 (1.88%)
PIBTL 6.99 Decreased By ▼ -0.01 (-0.14%)
PPL 113.50 Decreased By ▼ -0.25 (-0.22%)
PRL 27.38 Decreased By ▼ -0.14 (-0.51%)
PTC 14.75 No Change ▼ 0.00 (0%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 67.00 Decreased By ▼ -0.50 (-0.74%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.26 Increased By ▲ 0.03 (0.33%)
TPLP 11.60 Increased By ▲ 0.04 (0.35%)
TRG 72.64 Increased By ▲ 0.54 (0.75%)
UNITY 25.62 Increased By ▲ 0.80 (3.22%)
WTL 1.37 Decreased By ▼ -0.03 (-2.14%)
BR100 7,559 Increased By 33 (0.44%)
BR30 24,685 Increased By 35.1 (0.14%)
KSE100 72,165 Increased By 193.9 (0.27%)
KSE30 23,822 Increased By 72.5 (0.31%)

imageFRANKFURT: Siemens is not scaling back investment in an English wind power factory due to go into production in a few months following Britain's vote to leave the European Union, a spokeswoman said on Thursday.

"Our plans for the investment in Hull remain unchanged, recruitment and training continue and we will start blade production in September as planned," she said.

Media reports had said Siemens was freezing investment in the plant in the city of Hull, in which it is investing more than 190 million euros ($211 million) and plans to employ 1,000 people making rotor blades for offshore wind turbines.

The spokeswoman said, however, that future plans to export equipment from the Hull plant may have to be reviewed, depending on what trade terms Britain eventually negotiates with the European Union.

She added that order books were currently full with orders from Britain and the question of exporting from the plant would likely not arise for a couple of years.

Copyright Reuters, 2016

Comments

Comments are closed.