Alpharetta, Ga.-based Siemens Energy & Automation Inc. has announced that it will invest more than $20 million to develop a second plant in Elgin, Ill., for its drives technologies business with the goal of increasing production demands for the company's customers.
In Elgin, Siemens designs and manufactures mechanical gear drives for the wind industry as well as for the cement, coal and minerals, and oil and gas industries. The new plant, expected to be completed in March 2009, will create approximately 300 new jobs in production and 55 new office jobs over the next three to four years, according to the company.
‘Siemens is committed to providing technologies that promote energy efficiency and reduce costs,’ says Anne Cooney, vice president of the power conversion division for Siemens Energy & Automation. ‘Combined with the expertise and product knowledge we have in Elgin, the new facility will enable Siemens to increase production of our mechanical drives to help our customers meet the growing demand for sustainable energy resources.’
The new plant will be used for the assembly and testing of mechanical gear drives. The existing plant will be maintained by Siemens to manufacture the gears and components that will be assembled and tested in the new plant. It will also house the services and repairs business.
SOURCE: Siemens Energy & Automation Inc.