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Press Release03 November 2023Siemens AGMunich/Dallas
Siemens to invest more than US$500 million in U.S. manufacturing for critical infrastructure in 2023
“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.”
New projects
create a total of around 1,700 jobs in the U.S.
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.
The new Fort Worth facility
and the Grand Prairie and Pomona extensions will meet booming demand for the
electrification of critical infrastructure – in other words, data centers,
battery plants, semiconductor facilities and EV charging. Production at the new facility in Fort Worth is
expected to start in calendar year 2024, gearing up for full operations in
2025. This factory will be built and operated using Siemens advanced
manufacturing tools, including digital twin technology and high-tech automation
to ensure the highest quality, efficiency and sustainability levels. The Siemens
Xcelerator portfolio will be used to capture and analyze data from the
shopfloor on production and product performance in real time.
Siemens’ €2 billion global investment strategy to
boost growth, innovation and resilience
In
June 2023, Siemens announced its global investment strategy in new high-tech
factories, innovation labs and education centers to expand leadership in
digitalization, automation, electrification and sustainability. As part of this
strategy – which totals
around €2 billion – Siemens
has disclosed investments in regions such as China, Southeast Asia, Europe and
the U.S.
For this press release
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Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company employed around 311,000 people worldwide. Further information is available on the Internet at www.siemens.com.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company employed around 311,000 people worldwide. Further information is available on the Internet at www.siemens.com.
Notes and forward-looking statements
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