Siemens: invests $220m in rail plant
(CercleFinance.com) - Siemens Mobility will expand its manufacturing footprint by building a $220 million advanced manufacturing and rail services facility in Lexington, North Carolina, US.
With this increased production capacity, Siemens Mobility will meet the growing demand for passenger rail in the US by producing some of the most innovative and sustainable passenger trains in the North American market.
The passenger car manufacturing plant, along with the first-of-its-kind locomotive and passenger car overhaul facility, will be located on an 80-hectare site, allowing for future expansion of the facility. It will be commissioned in 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
With this increased production capacity, Siemens Mobility will meet the growing demand for passenger rail in the US by producing some of the most innovative and sustainable passenger trains in the North American market.
The passenger car manufacturing plant, along with the first-of-its-kind locomotive and passenger car overhaul facility, will be located on an 80-hectare site, allowing for future expansion of the facility. It will be commissioned in 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.