Siemens to invest €1 billion in Germany, adding global development and manufacturing hub
July 17, 2023
Siemens Energy, headquartered in Munich, Germany, is set to invest around €1 billion in Germany as part of its €2 billion investment strategy. The company announced the establishment of its new Technology Campus in Erlangen, Germany, with investments of around €500 million expected for this site alone.
The Erlangen campus, which is to be built in the west of Erlangen, will focus on sustainable and future-oriented high-tech manufacturing, related research and development activities, and the opening of the location for an ecosystem of partners from the business and scientific communities. The plan for the location also calls for converting existing facilities and expanding the site.
The investment is reportedly an important element of Siemens’ strategy to combine the real and the digital worlds. The company is strengthening its Erlangen location as a hub for digital production concepts – for example, through the use of the industrial metaverse and for modern technologies like industrial Additive Manufacturing and innovative power electronics.
“This investment is a strong signal for Germany as a location for innovation and production. The leading-edge manufacturing facility being built in Erlangen is a good example of how our economy is moving toward a climate-neutral future – as a strong industrial country with good sustainable jobs,” said German Chancellor Olaf Scholz.
Roland Busch, President and Chief Executive Officer of Siemens AG, concluded, “Siemens is banking on innovation in Germany and launching the next stage of digitalisation: we’re laying the foundation for the industrial metaverse in the Nuremberg metropolitan region. Here, on the new campus, we’re combining the real and the digital worlds. Together with partners, we’re developing new digital technologies in the metaverse and revolutionising how we’ll run our production in the future – much more efficiently, flexibly and sustainably.”
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