Siemens has recently announced a significant investment of US$150 million in a state-of-the-art manufacturing plant located in Dallas-Fort Worth. This strategic move aims to support the growing demand for critical infrastructure across America, with an emphasis on the data center industry which is projected to experience an annual growth rate of 10% through 2030. Additionally, this investment will also benefit other industries such as battery production, semiconductor manufacturing and electric vehicle charging stations.
According to Roland Busch, CEO of Siemens: “There has never been a more opportune time to invest in crucial electrical infrastructure and sustainable mobility solutions that are vital for driving America’s economy forward.” The company’s advanced hardware and software products produced at their expanded U.S. manufacturing facility will not only meet the increasing demand but also contribute towards reducing carbon emissions.
The new Fort Worth facility is expected to commence operations by 2024 and reach full capacity by 2025. It is estimated that this venture will create around 700 job opportunities within the local community.
This news was first reported on Connect CRE – your trusted source for commercial real estate updates.
