Siemens Plans €2B Investment To Ramp Up Global Production In New High-Tech Factories
Portfolio Pulse from Nabaparna Bhattacharya
Siemens AG plans to invest €2 billion in new manufacturing capacity, innovation labs, education centers, and more worldwide. The company will expand its production network and R&D capacities in Asia, including a high-tech factory in Singapore and a digital factory in Chengdu, China. Siemens Mobility will also build a new rolling stock factory in Lexington, North Carolina.

June 15, 2023 | 11:36 am
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Siemens AG's €2 billion investment in global production expansion, including high-tech factories in Singapore, China, and the US, is expected to boost growth and innovation.
Siemens AG's €2 billion investment in global production expansion will increase its manufacturing capacity, innovation labs, and education centers worldwide. This will likely boost the company's growth and innovation, particularly in Asia and the US. The investment in high-tech factories in Singapore, China, and the US will help Siemens tap into growing markets and strengthen its foothold in artificial intelligence and the industrial metaverse. This is expected to have a positive short-term impact on the company's stock price.
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