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To meet growing demand in Southeast Asia for its automation and digitalization products, Siemens will construct a new high-tech factory in Singapore. The facility, which will be developed with the aid of Siemens' own digital twin and intelligent hardware technologies, aims to set a new standard for connectivity to showcase the possibilities of digitalization and will also incorporate highly-automated manufacturing processes.
Formally announced by Siemens president and chief executive Roland Busch at the firm’s Singapore HQ on 15 June, the ”around €200 million” expenditure will create over 400 jobs and is slated to open in the 2025-26 time frame.
The Singapore plant is one element of an overall €2 billion Siemens investment strategy to strengthen manufacturing capacity worldwide as well as develop innovation labs, education centers and other facilities. This includes €140 million earmarked to expand its digital factory in Chengdu to serve local growth opportunities in China.
In addition, there is to be an increase of around €0.5 billion in research and development for areas including artificial intelligence and the industrial metaverse for fiscal year 2023. This R&D is focused on strengthening the company’s position in core technologies including as well as supporting the development of the Siemens Xcelerator open digital business platform.
“Siemens is experiencing significantly above-market growth. The investments underpin our strategy of combining the real and the digital worlds – as well as our focus on diversification and local-for-local business. We are clearly doubling down on our strong global presence to support growth in the most relevant markets in the world,” said Dr Busch.
Questioned in Singapore on why the country’s higher labor cost relative to other potential locations in the region was not an obstacle to the investment, Cedrik Neike, CEO, Siemens Digital Industries, said: “Actually, taking a country like Singapore and building one of the most efficient factories in the world is a proof point that the technology actually takes this labor element away.”
Cedric Neike and Roland Busch in Singapore for the investment announcement