Siemens to invest $290 million at three US sites
Reuters
Published Nov 03, 2023 09:10AM ET
(Reuters) - Siemens on Friday said it would invest a further $290 million (271 million euros) in the United States across three locations as part of a $2 billion investment package.
The Munich-based company plans to invest $150 million in a new manufacturing plant in Dallas-Fort Worth, Texas, to produce electrical equipment for U.S. data centres and infrastructure.
It will invest $140 million in two electrical-products manufacturing plants in Grande Prairie, Texas, and Pomona, California, the company said.
"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 centres, battery plants, semiconductor facilities and EV charging," Siemens said in a press release.
In July it announced plans for a $220 million rail manufacturing plant in Lexington, North Carolina.
That project and its latest plans will create around 1,700 jobs, the company said.
Production at the new Dallas-Fort Worth plant is planned for 2024 with full operation in 2025, Siemens said.
(1 euro = $1.0716)
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Written By: Reuters
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