Inspenet, July 5, 2023.
Siemens will invest in innovation, for which reason it presented its investment strategy that includes 2,000 million euros destined mainly for new manufacturing capacities to fuel future growth.
The company will invest in innovation laboratories, educational centers and other centers of its own. In addition, it announced a new high-tech factory in Singapore to serve the booming markets of Southeast Asia.
Its president and CEO Roland Busch, expressed: “our technologies respond to key growth trends in which our customers need our support to be more competitive, resilient and sustainable. Siemens is experiencing growth significantly above the market and today we are announcing an investment strategy to drive future growth, innovation and increase resilience.”
According to Busch, “the investments underpin our strategy of combining the real and digital worlds, as well as our focus on diversification and local business. We are clearly doubling down on our strong global presence to support growth in the world’s most important markets.”
At Siemens, as part of its investment in innovation, an increase of about 500 million euros is expected in research and development (R&D) in areas such as artificial intelligence and the industrial metaverse in fiscal year 2023, compared to the previous one.
Focused on maintaining innovation
This R&D focuses on reinforcing the company’s strength in key technologies such as simulation, digital twins, artificial intelligence or power electronics. Also in supporting the development of the open digital business platform Siemens Xcelerator.
Siemens recently announced a partnership with Microsoft to speed up code generation for industrial automation using ChatGPT. Likewise, it is working with NVIDIA to build the industrial metaverse to improve the design, planning, production and operation of factories and infrastructure.
Meeting the demand of Southeast Asia: a short-term objective
To meet the growing demand in Southeast Asia, Siemens announced a new high-tech factory in Singapore that will be developed using innovative and intelligent hardware technologies.
The investment will be 200 million euros and will establish a new connectivity standard to show the possibilities of digitization, in addition to incorporating highly automated manufacturing processes. Another positive aspect is that more than 400 jobs will be created.
Investments in expansion
Siemens will also expand its Chengdu Digital Factory to address local growth and innovation opportunities in China, investing €140 million (RMB 1.1 billion) and creating 400 new jobs. This is part of its investment strategy and its fast-growing business in China, as many of its Chinese clients are early adopters of new technologies, especially in digitization and manufacturing.
The company also announces investment in a new digital R&D Innovation Center in Shenzhen, to accelerate the development of motion control systems with digitization technology and power electronics. Recall that the open platform Siemens Xcelerator was launched in China in November 2022.
Among other of its investments is the 30 million euros to expand its electrical materials plant in Frankfurt-Fechenheim, Germany.
Likewise, the commitment to expand production in Trutnov, Czech Republic, to improve the capacity of its reference factory in Amberg, Germany remains in force.
Another major announcement from the company is spending $220 million to build a new rolling stock factory in Lexington, North Carolina, to meet the growing demand for passenger trains in the United States. This plant will create more than 500 jobs between now and 2028.
Source: https://www.rumbominero.com/peru/noticias/actualidad-empresarial/siemens-innovacion-y-resiliencia/
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