Siemens to invest more than CZK 7 billion in the Czech Republic

Published: 23.06.2017 Related countries:  Spojené státy americké U.S.A.

CzechInvest, The company will create more than 1,800 jobs in different locations, including at its new development center for electric motors in Ostrava and in several factories.

136145258.jpg

Siemens Česká republika will expand and modernise its local branches over the next seven years with investments totaling more than CZK 7 billion. The company will thus create more than 1,800 jobs, roughly one-third of which will comprise positions in research and development, management and other functions. The largest part of the investments will involve expansion and modernisation of electromotor production. A completely new electromotor development centre will be established in Ostrava.

“Expansion on such a scale is unique in the Czech Republic. This involves a number of branches across the country and it will bring forth eighteen hundred job opportunities. At the same time, the unambiguous focus on development of electric motors and Industry 4.0 will place the Czech Republic in a leadership position of digitalization and electroengineering in the coming years,” says Bohuslav Sobotka, prime minister of the Czech Republic.

 

The largest part of the more than CZK 7 billion investment will be divided among Siemens’ three electromotor manufacturing plants in Drásov, Frenštát pod Radhoštěm and Mohelnice, which will be expanded and modernised. Siemens is also making a substantial investment in the expansion and modernisation of its production of low-voltage switching equipment and electrical circuit breakers in Trutnov and Letohrad, as well as in its industrial steam turbines factory in Brno. Siemens will equip all its factories in the Czech Republic with state-of-the-art digital technologies. All factories producing electric motors will be served by the new electromotor development centre that Siemens plans to build in Ostrava. The Czech factories will deliver advanced products of the highest quality to all continents.  Please find a rest of the article here: http://www.czechinvest.org/en/siemens-to-invest-more-than-czk-7-billion-in-the-czech-republic

 

Source: CzechInvest

 

Published by the team of CzechTrade foreign office in Chicago