Siemens Invests $108 Million in German Plant Expansion
Provided by
Dow Jones
By Nina Kienle
Siemens said it is investing 100 million euros ($108.1 million) in additional production capacity at its switchgear plant in Frankfurt, Germany.
The German technology conglomerate on Thursday said it acquired an area with existing buildings, with the production of gas-insulated switchgear to begin at the beginning of 2025.
The plant is part of Siemens's smart infrastructure division and will create up to 400 new jobs by 2027, it said.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
June 13, 2024 09:35 ET (13:35 GMT)
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