(News Bulletin 247) – The German industrial giant Siemens unveiled on Thursday a two billion euro investment plan intended to boost its innovation and support its growth.
The group specifies that the envelope will essentially be used to increase its production capacities, via the creation of ‘high-tech’ factories, laboratories and training centers.
These investments will be largely concentrated in the areas of digital, automation and sustainable development.
In order to meet the explosion of demand in the Southeast Asian markets, Siemens plans in particular to establish a new state-of-the-art site in Singapore, to be the subject of an investment of 200 million euros.
In China, the conglomerate intends to expand its digital factory in Chengdu, which will benefit from funds of around 140 million euros.
Additional investments are also planned in Europe and the United States.
An additional €500 million will also be allocated to its research and development (R&D) activities in artificial intelligence and the industrial metaverse.
Of the total sum of two billion euros, some 500 million euros will also feed the coffers of Siemens Healthineers, its health equipment subsidiary.
Following these announcements, the title Siemens rose by 0.3% Thursday morning on the DAX index of the Frankfurt Stock Exchange. The Siemens Healthineers share yielded around 0.3%.
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