Siemens Inc. reports that its two recently opened manufacturing operations in California and Texas have added $285 million to its total capital investment in the U.S. during the past two decades. “We believe in the innovation and strength of America’s industry,” stated Siemens AG president and CEO Roland Busch. “That’s why Siemens has invested over $90 billion in the country in the last 20 years. This year’s investment will bring this number to over $100 billion. We are bringing more jobs, more technology and a boost to America’s AI capabilities.”
In line with investments in manufacturing capacity, Siemens noted its pending $10.6-billion acquisition of software developer Altair Engineering, and combining that with its existing offerings, “will create the world's most complete AI-powered design and simulation portfolio.”
Both of the recent projects involve Siemens’ efforts to increase production of equipment and systems for power distribution and monitoring, and controlling electrical systems for manufacturing, industrial, commercial, and institutional operations.
The $190-million operation opened recently in Fort Worth, Tex., is part of the Siemens company's Smart Infrastructure business, and will manufacture electrical equipment like low-voltage switchboards for data centers. The 500,000-sq.ft plant will have 800 workers by 2026.
The California project is a $95-million expansion of a plant in Pomona that manufactures low-voltage electrical equipment, including switchboards and lighting panels.
Together, the two projects will more than double Siemens’ domestic production capacity for electric equipment supplied to data centers.
GE Aerospace similarly cited growing demand for affordable energy as a factor in its ongoing $600-million capital investment program.
