Siemens Canada to invest $14 M in modernization and expansion of Drummondville manufacturing plant [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance
manufacturing facility located in Drummondville, Quebec , with the aim to optimize overall efficiency and capacity of the plant and position it for future growth. Plans for the facility, which has been making electrical products for the Canadian market for more than 50 years, include expanded production of made-to-order product lines in response to market demands. Switchboard production, as an example, will see a 50 per cent volume increase. The modernization project will position the Drummondville factory and its approximately 350 employees for continued success and could result in an increase of up to 15 per cent in jobs by 2027. "Siemens is excited to be investing in Canada , contributing to skilled job creation and the growth of digital manufacturing in Quebec ," says Faisal Kazi , President and CEO, Siemens Canada. "This transformation will allow us to scale and pivot to serve a growing market, ensuring we can continue to supply the Canadian market with high-quality products.
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