Siemens is ramping up investment internationally in new high-tech factories, innovation labs and education centres to expand its leadership in the areas of digitalisation, automation and sustainability.
Siemens has announced plans to invest 200 million euros (S$290.6 million) to build a new high-tech factory in Singapore, which will create over 400 jobs. These include positions in advanced manufacturing, supply chain management, quality management and finance.
At the press conference on Thursday (Jun 15), the German engineering and technology group said the plant will showcase digitalisation possibilities and incorporate highly-automated manufacturing processes.
The plant is one of four Siemens factories to fulfil orders worldwide, and has flexibility in its function, with a focus on building automation technology.
It will primarily serve the growing demand from markets in Southeast Asia, as the company expands its production network and research and design capabilities in Asia.