Siemens to invest 200 million euros in new Singapore plant, create over 400 jobs

SIEMENS has announced plans to invest 200 million euros (S$290.6 million) to build a new high-tech factory in Singapore, which will create over 400 jobs. These include positions in advanced manufacturing, supply chain management, quality management and finance.

At the press conference on Thursday (Jun 15), the German engineering and technology group said the plant will showcase digitalisation possibilities and incorporate highly-automated manufacturing processes.

The plant is one of four Siemens factories to fulfil orders worldwide, and has flexibility in its function, with a focus on building automation technology. 

It will primarily serve the growing demand from markets in South-east Asia, as the company expands its production network and research and design capabilities in Asia.

Singapore’s high number of foreign trade agreements with other countries makes the country attractive to Siemens for fulfilling orders in the region and the rest of the world, said Siemens president and chief executive Roland Busch.

The investment earmarked for the new factory is part of two billion euros set aside by Siemens to invest mainly in manufacturing capacity expansion, with more details to be announced this year.

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Siemens is ramping up investment internationally in new high-tech factories, innovation labs and education centres to expand its leadership in the areas of digitalisation, automation and sustainability.

In addition, it expects an additional investment of 500 million euros in research and design, such as artificial intelligence and the industrial metaverse, in the fiscal year 2023.

This research and design is focused on strengthening Siemens’ position in core technologies, as well as supporting the development of the company’s open digital business platform.

“The investments underpin our strategy of combining the real and the digital worlds – as well as our focus on diversification and local-for-local business,” said Dr Busch.

The 200 million euro investment comes amid a wave of global investments by the company, with earlier investments in China, Germany and the US, and additional investments in Europe and the US to come.

Siemens set up its first technical bureau in Singapore in 1908 and currently employs around 1,200 people in the Republic.