Siemens expands Ohio facility, plans new research center
Siemens Energy & Automation is investing an estimated $30 million in the revitalization of its Norwood, OH manufacturing facility. The facility is dedicated to developing, assembling, and testing large electric motors that are used in industrial and factory automation. By expanding and redesigning the facility, Siemens said it will develop a more efficient and productive manufacturing plant.
Siemens Energy & Automation is investing an estimated $30 million in the revitalization of its Norwood, OH manufacturing facility. The facility is dedicated to developing, assembling, and testing large electric motors that are used in industrial and factory automation. By expanding and redesigning the facility, Siemens said it will develop a more efficient and productive manufacturing plant. Construction is expected to begin this month and be completed within three years.
The revitalization is expected to include a nearly $7 million expansion and renovation of the current Norwood buildings and the purchase of $22 million in new machinery, equipment, and technology including $8.5 million worth of machinery and equipment to be used for research and development. Additionally, the investment will create a "Global Motor" research and technology development center in Norwood that will contribute to enhancements in Siemens motors sold throughout the world.
The State of Ohio has provided a number of incentives to Siemens to help secure the investment and proceed with the upgrade.
"I am delighted to be helping Siemens break ground on this expansion today as this is exactly the type of global, advanced manufacturing company that represents the future of Ohio's economic landscape," said Ohio Governor Bob Taft. "I want to thank all of the local partners who worked so hard to bring this investment to our state. I also want to thank the executives from Siemens for meeting with our delegation in Germany and believing in our message that Ohio means business."
"Siemens recognizes the value of American innovation and our skilled and productive work force. This investment is a testament to that ingenuity and work ethic," said George Nolen, president and CEO of Siemens Corporation. "We also recognize the support and flexibility that Governor Taft and his staff have put forth to ensure a successful expansion."
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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