Siemens to Invest €2 Billion to Boost High-Tech Plants
- German company to build new €200 million site in Singapore
- Firm is bolstering China presence despite political concerns
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Siemens AG will invest €2 billion ($2.2 billion) to expand high-tech manufacturing, including a new plant in Singapore and an expansion at its Chinese factory in Chengdu.
In Singapore, the German industrial conglomerate is spending €200 million to build a facility that will produce factory automation devices to meet rising demand in Southeast Asia, Siemens said Thursday.