ZURICH: Siemens will spend €2 billion (US$2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday (Jun 15), as it gears up to meet increased demand triggered by global stimulus packages. Siemens will build new factories, research and development centres
ZURICH: Siemens will spend €2 billion on a new global investment plan, the German engineering and technology group said on Thursday , as it gears up to meet increased demand triggered by global stimulus packages.
"Siemens is experiencing significantly above-market growth. Today we announce an investment strategy to boost future growth, drive innovation and increase resilience," said Siemens Chief Executive Roland Busch in a statement. The company has previously said its expects its total addressable market for its products, which range from trains to industrial software, to expand by 7 per cent per year between 2022 to 2027.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lion City Sailors launching Tasek Sailors to empower disadvantaged youth in Singapore - Singapore NewsA portion of funds raised from the Tasek Sailors Charity Football Fundraiser will also be dedicated to the Tasek Sailors’ girls' team, which will benefit from the Lion City Sailors’ professional youth training programme
Read more »
First female CFO appointed at Singapore Airlines - Singapore NewsShe's a graduate of Imperial College in the UK with a Master of Engineering and has been with Singapore Airlines since 1999
Read more »
HDB Housing Grants Available for Different Types of Flats in Singapore (2023) - Singapore NewsRead on to find out the different housing grants available, the eligibility criteria and what you need to look out for when applying for one
Read more »
More Singapore manufacturing firms setting up shop in India - Singapore NewsApple, Samsung, Kia, Boeing, Siemens, and Toshiba are among the companies looking to bring a considerable amount of manufacturing to India. Singapore companies, while traditionally looking to their manufacturing needs to China and South East Asian countries, seem to be following suit
Read more »
China industry minister, Siemens CEO discuss digital manufacturing, developmentBEIJING : China's industry minister met Siemens' chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and the digital transformation of small and medium-sized enterprises, the ministry said.The minister, Jin Zhuanglong, said the Chinese government attaches grea
Read more »
Siemens to invest $2.2 billion to ramp up global productionZURICH : Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages.Siemens will build new factories, research and development centres and t
Read more »