Siemens celebrates Ohio plant relaunch
After $30 million investment, global motors facility now "a center of excellence"
Siemens Energy & Automation
The State of Ohio provided a number of incentives to Siemens to help secure the investment,
"I am honored to be a part of the inauguration of the Norwood Motor Manufacturing Facility," said Ohio Gov. Ted Strickland. "Ohio's economic prowess has been driven by manufacturing. And investments by global manufacturing companies such as Siemens represent the future of Ohio's economic landscape."
"American workers are the best in the world, their education and skill level are great assets in the global marketplace. Siemens realized this, and their investment will pay dividends for both Ohio workers, and their shareholders," said Ohio U.S. Rep. Jean Schmidt. "I look forward to a long term mutually beneficial relationship between Siemens and Southern Ohio."
"The Norwood facility is a great example of how technological innovation can help revitalize an industry, especially with the help of a highly skilled and productive work force," said George Nolen, president and CEO of Siemens Corporation. "In partnering with Siemens and its workforce, the State of Ohio has demonstrated great vision and a meaningful commitment to innovation and the health of manufacturing in America."
"Siemens is committed to our employees and to manufacturing in the U.S.," said Dennis Sadlowski, president and CEO, Siemens Energy & Automation, Inc. "With the strong workforce here in Norwood and the expansion complete, Siemens is confident the Norwood facility will remain a center of excellence for the company by producing the highest-quality motors for our customers and driving motor technology innovations that will dramatically improve the efficiency of manufacturing throughout the world."
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey