{"id":103657,"date":"2023-06-20T17:57:47","date_gmt":"2023-06-20T10:57:47","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=103657"},"modified":"2023-06-20T17:57:53","modified_gmt":"2023-06-20T10:57:53","slug":"siemens-presents-e2-billion-investment-strategy-to-boost-innovation-and-resilience","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/siemens-presents-e2-billion-investment-strategy-to-boost-innovation-and-resilience\/","title":{"rendered":"Siemens presents \u20ac2 billion investment strategy to boost innovation and resilience"},"content":{"rendered":"\n

Siemens today presented its investment strategy which includes \u20ac2 billion mainly for new manufacturing capacity as well as innovation labs, education centers and other own sites. Siemens today announced a new high-tech factory in Singapore, to serve the booming Southeast Asia markets.<\/p>\n\n\n\n

\u201cOur technologies address secular growth trends where our customers need our support to become more competitive, resilient and sustainable. Siemens is experiencing significantly above-market growth. Today we announce an investment strategy to boost future growth, drive innovation and increase resilience,\u201d said Roland Busch, President and Chief Executive Officer of Siemens AG.<\/p>\n\n\n\n

\u201cThe investments underpin our strategy of combining the real and the digital worlds \u2013 as well as our focus on diversification and local-for-local business. We are clearly doubling down on our strong global presence to support growth in the most relevant markets in the world.\u201d<\/p>\n\n\n\n

In addition, there is an expected increase of around \u20ac0.5 billion in research and development (R&D), such as artificial intelligence and the industrial metaverse, in fiscal year 2023 versus prior year. This R&D is focused on strengthening Siemens\u2019 leading position in core technologies including simulation, digital twins, artificial intelligence or power electronics, as well as supporting the development of the Siemens Xcelerator open digital business platform. The company recently announced a partnership with Microsoft to speed up code generation for industry automation by using ChatGPT. With NVIDIA, Siemens is working to build the industrial metaverse to improve design, planning, production and operation of factories and infrastructures.<\/p>\n\n\n\n

New and additional capacities in Southeast Asia<\/h3>\n\n\n\n

To meet growing demand in Southeast Asia, Siemens today announced an entirely new high-tech factory in Singapore, which will be developed using Siemens’ own leading digital twin and innovative, intelligent hardware technologies. Investment in the factory will be around \u20ac200 million. The plant will set a new standard for connectivity to showcase the possibilities of digitalization, as well as incorporating highly-automated manufacturing processes. The investment will create over 400 jobs.<\/p>\n\n\n\n

All-regions strategy with wave of global investments<\/h3>\n\n\n\n

As part of its investment strategy and fast-growing business in China, Siemens will also expand its digital factory in Chengdu to serve the local growth opportunities in China for China, investing \u20ac140 million (RMB 1.1bn) and creating 400 new jobs. Many of Siemens\u2019 Chinese customers are early adopters of new technologies especially in digitalization and high-tech manufacturing. This is why Siemens also announced the investment in a new digital R&D Innovation Center in Shenzhen to speed up development of motion control systems with digitalization and power electronics technology. The Siemens Xcelerator open digital business platform was launched in China in November 2022.<\/p>\n\n\n\n

Series of announcements<\/h3>\n\n\n\n

Earlier this year, Siemens committed to expand production in Trutnov, Czech Republic, to enhance capacity at its WEF Global Lighthouse\u00a0Factory in Amberg, Germany. Moreover, Siemens invests \u20ac30 million to expand its switchgear plant in Frankfurt-Fechenheim, Germany, while Siemens Mobility recently announced spending $220 million to build a new rolling stock factory in Lexington, North Carolina, to meet growing demand for passenger trains in the United States. The plant will create more than 500 jobs by 2028.<\/p>\n\n\n\n

The planned \u20ac2 billion investments and expected increase of around \u20ac0.5 billion in research and development include Siemens Healthineers.<\/p>\n\n\n\n

KVision\u00a0signs agreement to support Private Equity investments and technology companies in China<\/a><\/p>\n\n\n\n

LINE Thailand marks 12th Anniversary with emphasis on supporting Smart country through LINE economy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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