From Reuters, June 13:
BERLIN, June 13 (Reuters) - Siemens (SIEGn.DE) plans to build a new plant for its industrial automation division in Singapore, the company said on Tuesday, as it expands its business in Asia to serve booming orders for automation technology.
"Siemens intends to build a new, state-of-the-art Digital Industries (DI) factory in Singapore - as part of its strategy to strengthen global diversification and resilience," a spokesperson for the company told Reuters....
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And Reuters, June 15:
Siemens to spend $2.2 bln to ramp up global production
- Siemens to invest in new factories around the world
- Company also stepping up R&D spending
- CEO says investment reflects strong order book
- Siemens wants to increase resilience of business
Siemens (SIEGn.DE) will spend 2 billion euros ($2.2 billion) on a new global investment plan, the German engineering group said on Thursday, to make its operations more resilient against supply chain disruptions and geopolitical tensions.
Siemens will build new factories, research and development centres and training sites around the world, the company said, as it also aims to take maximum benefit of stimulus packages in the United States and Europe.
Under the investment programme, which will cover announcements made during 2023, Siemens announced a new 200 million euros plant for its industrial automation division in Singapore....
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