
Siemens To Fund More than $500 Million in US Manufacturing
CIOTechOutlook Team | Saturday, 04 November 2023, 04:48 IST

“There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy. The hardware and software we offer – produced through our expanded U.S. manufacturing presence – will ensure that growing industries can meet demand while continuing to make progress in decarbonizing operations,” said Roland Busch, President and CEO of Siemens AG. “With this latest step, Siemens is delivering on its €2 billion global investment strategy for 2023 to boost growth, innovation and resilience.”
As part of these investments, Siemens announced a US$220 million investment in a new rail manufacturing facility in Lexington, North Carolina, earlier this year. Construction of this facility is now underway. In addition, the company is investing in two electrical-products manufacturing plants in Grand Prairie, Texas, and Pomona, California. These projects bring the overall investment in the U.S. this year to US$510 million, which will create 1,700 jobs at Siemens as a result, as per business wire.
The new Fort Worth facility, as well as the Grand Prairie and Pomona additions, will fulfill the growing demand for critical infrastructure electrification, which includes data centers, battery plants, semiconductor operations, and EV charging.
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