Siemens to revitalize Ohio motor plant
Siemens Energy & Automation, Inc. (SE&A), announced at a groundbreaking ceremony on December 6th, that it is investing an estimated $30 million in the revitalization of its Norwood, Ohio 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 will develop a more efficient and productive manufacturing plant. Construction is expected to begin in January, 2006, 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. As a result of the expansion, SE&A expects to maintain the 300 full-time positions at the Norwood facility.
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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