Siemens to create 400 jobs in Singapore through new high-tech factory to serve SEA markets

It will also expand its digital factory in Chengdu to serve local growth opportunities in China, investing €140mn (RMB 1.1bn) and aiming to create 400 new jobs.

With the ambition to progress growth, innovation, and resilience, Siemens has presented a pan-Asia investment strategy which includes €2bn to be used mainly for new manufacturing capacity and innovation labs, education centers, and other own sites.

In a press release on 15 June 2023 (Thursday), the first big beneficiary of this announcement will be the launch of a new high-tech factory in Singapore poised to meet the demands of the company's growing markets in Southeast Asia. This factory will be developed using Siemens' own digital twin and innovative, intelligent hardware technologies.

Investment in the factory will cost around €200 million, and it is expected to create 400 jobs. These jobs will be several functions, such as advance manufacturing, supply chain management, quality management, finance and others. The plant aims to set a new standard to showcase the possibilities of digitalisation while incorporating highly-automated manufacturing processes. 

Siemens was the first German industrial company to set up its first technical bureau in Singapore in 1908, and celebrates its 115^th anniversary in 2023. Siemens currently employs around 1,200 people in Singapore.

"Siemens is experiencing significantly above-market growth," said Roland Busch, President and Chief Executive Officer, Siemens AG. "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."

Chairman of the Singapore Economic Development Board (EDB), Png Cheong Boon, added, “Siemens’ new high-tech factory in Singapore will leverage our trusted hub status and strong advanced manufacturing capabilities to meet rising demand across Southeast Asia’s high-growth markets.

"Manufacturing remains a key pillar of Singapore’s economy and we welcome Siemens’ collaborations with our local ecosystem to better serve customers in the region through the use of new digital and automation technologies. We look forward to deepening our partnership with Siemens and creating good jobs for Singaporeans in the process."

Also benefitting from Siemens' wave of global investments, as part of its fast-growing business in China, the company will expand its digital factory in Chengdu to serve the local growth opportunities in China for China, investing €140mn (RMB 1.1bn) and aiming to create 400 new jobs.

In the statement, Siemens elaborated: "Many of Siemens’ Chinese customers are early adopters of new technologies especially in digitalisation and high-tech manufacturing. This is why Siemens also announced the investment in a new digital R&D Innovation Center in Shenzhen to speed up development of motion control systems with digitalization and power electronics technology. The Siemens Xcelerator open digital business platform was launched in China in November 2022."

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Image / EDB Singapore