$30 Million Norwood Plant Expansion Completed
Governor Strickland Joins Siemens in Ribbon Cutting Ceremony
NORWOOD, Ohio, Dec. 11, 2007--Siemens Energy & Automation, Inc. (SE&A), today celebrated the dedication of its newly revitalized electric motor manufacturing facility in Norwood, Ohio. After a $30 million investment, the facility has been transformed into a "Global Motor" research and technology development center that will contribute to enhancements in Siemens motors sold throughout the world. Siemens is the number one provider of electric motors worldwide.
The Norwood Motor Manufacturing Facility, originally built in 1898, was the first manufacturing facility in Norwood, Ohio and is one of Siemens' oldest manufacturing facilities in the world. Siemens spent more than $10 million to renovate and expand existing buildings and more than $17 million to purchase new machinery and equipment including $8.5 million worth of machinery and equipment to be used for research and development.
The State of Ohio provided a number of incentives to Siemens to help secure the investment and proceed with the upgrade. Siemens employs more than 400 people at its plant in Norwood.
"I am honored to be a part of the inauguration of the Norwood Motor Manufacturing Facility," said Ohio Governor Ted Strickland. "Ohio's economic prowess has been driven by manufacturing. And investments by global manufacturing companies such as Siemens represent the future of Ohio's economic landscape."
"American workers are the best in the world, their education and skill level are great assets in the global marketplace. Siemens realized this, and their investment will pay dividends for both Ohio workers, and their shareholders," said Ohio Congresswoman Jean Schmidt. "I look forward to a long term mutually beneficial relationship between Siemens and Southern Ohio."
"The Norwood facility is a great example of how technological innovation can help revitalize an industry, especially with the help of a highly skilled and productive work force," said George Nolen, president and CEO of Siemens Corporation. "In partnering with Siemens and its workforce, the State of Ohio has demonstrated great vision and a meaningful commitment to innovation and the health of manufacturing in America."
"Siemens is committed to our employees and to manufacturing in the U.S.," said Dennis Sadlowski, president and CEO, Siemens Energy & Automation, Inc. "With the strong workforce here in Norwood and the expansion complete, Siemens is confident the Norwood facility will remain a center of excellence for the company by producing the highest-quality motors for our customers and driving motor technology innovations that will dramatically improve the efficiency of manufacturing throughout the world."
Siemens companies employ nearly 3,500 people in some 35 locations throughout Ohio. Siemens Energy & Automation, Inc. is the largest Siemens division in the state, with more than 1,500 employees. Other units in the state include Siemens Airfield Solutions in Columbus and Siemens Building Technologies, also in central Ohio. Siemens PL Software, formerly UGS PLM Software, was recently acquired by Siemens and has a location in Milford, Ohio just outside Cincinnati.
About Siemens
Siemens Energy & Automation Inc. is one of Siemens' operating companies in the U.S. Headquartered in the Atlanta suburb of Alpharetta, Ga., Siemens Energy & Automation manufactures and markets one of the world's broadest ranges of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. The company also has expertise in systems integration, technical services and turnkey industrial systems. For more information: www.sea.siemens.com.
Siemens AG (NYSE: SI) is a global powerhouse in electrical engineering and electronics, focusing on the three key sectors of healthcare, industry and energy. Founded 160 years ago in Germany, Siemens AG reported sales of $96.6 billion in fiscal year 2007 (ended September 30). Siemens today employs more than 470,000 people in some 190 countries. In the United States alone, Siemens had sales of over $25 billion (including export sales), fueled largely by infrastructure projects and innovative solutions in the industry areas of medical, automation and control, power, transportation and lighting. Headquartered in New York City, Siemens in the U.S. employs nearly 72,000 people in all 50 states and Puerto Rico. The U.S. is also home to the global headquarters of nine of Siemens' worldwide businesses. For more information on Siemens in the United States, go to www.usa.siemens.com.
CONTACT: Kate Eby
404-394-8711 mobile
kate.eby@siemens.com
Michael Krampe
770-330-0086 mobile
michael.krampe@siemens.com
