Siemens to Invest $30 million in Norwood, Ohio Plant Revitalization
ATLANTA, Dec. 8, 2005--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. Siemens is the number one provider of electric motors worldwide.
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.
"I am delighted to be helping Siemens break ground on this expansion today as this is exactly the type of global, advanced manufacturing company that represents the future of Ohio's economic landscape," said Ohio Governor Bob Taft. "I want to thank all of the local partners who worked so hard to bring this investment to our state. I also want to thank the executives from Siemens for meeting with our delegation in Germany and believing in our message that Ohio means business."
"Siemens recognizes the value of American innovation and our skilled and productive work force. This investment is a testament to that ingenuity and work ethic," said George Nolen, president and CEO of Siemens Corporation. "We also recognize the support and flexibility that Governor Taft and his staff have put forth to ensure a successful expansion."
"This project is of significant importance to Siemens' growth strategy and a strong signal of our commitment to our employees and to manufacturing in the U.S.," said Aubert Martin, president and CEO, Siemens Energy & Automation, Inc. "Siemens is confident the Norwood facility will become 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 3,000 people in some 27 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.
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 one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Founded nearly 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $18.8 billion and employs 70,000 people throughout all 50 states and Puerto Rico. Thirteen of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 460,000 people in 190 countries. For more information on Siemens in the United States: www.usa.siemens.com.
CONTACT: Michael Krampe
770-751-4959
michael.krampe@siemens.com
