FDI News

Siemens invests in new 3D-printing facility in UK

Project: New 3-D printing facility

Investor: Materials Solutions Ltd. (Siemens’ 3D-printing subsidiary)

Location: Worcester, UK

FDI Center’s view: Siemens is investing Euro 30 million to create a new 3-D printing (or additive manufacturing) facility that will produce parts for the aerospace, automotive and power generation industries. The investment demonstrates the rapid development of 3-D printing from a niche technology to industrial application. Siemens has already produced 3-D printed parts such as turbine blades for its own products and is now taking the next step of offering its 3-D printing expertise to external customers. Siemens acquired a majority stake in UK company Materials Solutions Ltd. in 2016, and the most recent investment (which is expected to create 50 new jobs) clearly shows the rationale for investment promotion agencies to selectively support acquisitions by foreign companies as part of their investment attraction efforts.

Read more about this project in the original article here

Recent News

FDI Center evaluates Business Finland’s role in attracting high-value investment to the country
FDI Center participated in the study “World-class Ecosystems and Competitive Business Environment” carried out by...
FDI Center attends the World FZO Annual International Conference and Exhibition (AICE) in Barcelona
FDI Center attended the fifth edition of the World FZO Annual International Conference and Exhibition (AICE)...
FDI Center presents at AZFA's annual meeting in Barcelona
FDI Center’s Paola Suarez Buhrmann presented the current FDI trends...
FDI Center speaks at Invest in Tuscany's Annual Meeting
FDI Center’s Luigi Mercuri presented the global foreign direct investment outlook...