Siemens has announced plans to open a new manufacturing plant in Dallas-Fort Worth, Texas. The company will invest $150 million into the facility, which will produce electrical equipment. Siemens hope the new plant will enable accelerated growth of U.S. data centers and ensure secure operation of critical infrastructure. Production will begin in 2024, with the plant operating at full capacity in 2025.
In addition, Siemens has begun construction on a new $220 million rail manufacturing facility in Lexington, North Carolina and will be opening two electrical-products manufacturing plants in Grand Prairie, Texas, and Pomona, California. This brings Siemens’ overall investment in American manufacturing to $510 million in 2023.
In a recent quote, Roland Busch, President and CEO of Siemens AG, said, “There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy. The hardware and software we offer – produced through our expanded U.S. manufacturing presence – will ensure that growing industries can meet demand while continuing to make progress in decarbonizing operations. With this latest step, Siemens is delivering on its €2 billion global investment strategy for 2023 to boost growth, innovation and resilience.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.