New plant propels wind turbine industry
A new multi-million dollar Siemens plant will increase the production of mechanical drives for the wind turbine industry. Investment will create approximately 350 new jobs in Illinois.
Due to the increasing demands for alternative and renewable energy sources, Siemens Energy & Automation Inc. has announced that it would be investing more than $20 million to develop a second plant in Elgin, Ill., for its drives technologies business. Siemens is the largest producer of wind turbine gear drives in the United States. The expansion will increase production, enabling the company to meet the expectations of its customers.
In Elgin, Siemens designs and manufactures mechanical gear drives for the wind industry as well as for the cement, coal and minerals, and oil and gas industries. The new plant, expected to be completed in March 2009,
The State of Illinois and the City of Elgin provided a number of incentives to Siemens to help secure the investment including a Wind Energy Development Grant and Employer Training Investment Program job training funds.
Siemens will be investing more than $20 million in building infrastructure to support the new plant for production, in addition to the cost of a 15-year lease for the new building. The new plant will be used for the assembly and testing of mechanical gear drives. The existing plant will be maintained by Siemens to manufacture the gears and components that will be assembled and tested in the new plant. It will also house the services and repairs business.
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2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.