It will build a new plant in Singapore and expand its capacity in China, while preparing additional investments in Europe and the US.
MADRID, 15 Jun. (EUROPA PRESS) –
The German engineering group Siemens will carry out an investment of 2,000 million euros mainly to promote new manufacturing capacity, as well as innovation laboratories, educational centers and other own sites, to meet the growing demand, as announced on Thursday by the multinational .
“Siemens is experiencing growth significantly above the market. Today we are announcing an investment strategy to drive future growth, drive innovation and increase resilience,” said Roland Busch, Chairman and CEO of Siemens.
Within the framework of this new strategy, Siemens has confirmed the investment of some 200 million euros in the construction of a new high-tech factory in Singapore to serve the booming markets of Southeast Asia that will allow the creation of 400 jobs .
Likewise, as part of its strategy in China, Siemens will also expand its digital factory in the town of Chengdu to address local growth opportunities in the Asian giant, investing 140 million euros and creating 400 new jobs, while it has indicated that additional investments will be announced in Europe and the US.
On the other hand, Siemens anticipates an increase of around 500 million euros in RD, including artificial intelligence and the industrial metaverse, in fiscal year 2023 compared to the previous year.
In this sense, the company has recalled that it recently announced a partnership with Microsoft to accelerate the generation of code for industry automation through the use of ChatGPT, while it is working with Nvidia to build the industrial metaverse to improve the design, the planning, production and operation of factories and infrastructure.
“The investments support our strategy of blending the real and digital worlds, as well as our focus on diversification and local-for-local business. We are clearly doubling down on our strong global presence to support growth in the world’s most relevant markets,” he said. noted Busch.
