Siemens to Invest $510M in US Manufacturing

Siemens has announced several new investments into U.S. manufacturing supporting “high-growth” markets such as data centers, batteries, semiconductors, EV charging and rail transportation.

So far, Siemens has announced a $150 million investment into a new electrical equipment manufacturing plant in Dallas-Fort Worth, Texas and a $220 million investment into a rail manufacturing plant in Lexington, North Carolina.

Siemens is also investing in two electrical products manufacturing plants in Grand Prairie, Texas and Pomona, California. The company says the investments will meet a “booming demand” for the electrification of critical infrastructure.

These projects bring Siemens’ overall investment in the U.S. this year to $510 million and, according to the company, will create a total of around 1,700 jobs in the U.S., to boost innovation and supply chain resilience for the nation.

Production at the Fort Worth facility is expected to start in 2024, with full production set for 2025. The factory will be operated using Siemens’ smart manufacturing tools such as digital twin technology to drive sustainability and operational efficiency.

The Siemens Xcelerator portfolio will also be used to capture and analyze real-time data from the shop floor to boost productivity and efficiency.

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“There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy,” said Roland Busch, Siemens AG’s CEO. “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.

“With this latest step, Siemens is delivering on its $2.15 billion global investment strategy for 2023 to boost growth, innovation and resilience.”

Siemens announced its global investment strategy in June, with a focus on supporting high-tech factories, innovation labs and education centers to drive digitization and automation across industries.