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 leads a training seminar for Special Economic Zones in London
FDI Center’s Luigi Mercuri and Paola Suarez Buhrmann conducted a two-day seminar with the World Free Zone Convention...
Andreas Dressler moderates panel on digitalization and FDI at the Annual Investment Meeting in Dubai
For the eighth year running, FDI Center’s managing director Andreas Dressler...
FDI Center runs training course on investment attraction and facilitation in Dubai
FDI Center’s managing director Andreas Dressler ran a 2-day training program on FDI attraction and facilitation...
FDI Center releases study on foreign direct investment to China
German investment to China grew by 139 percent in 2018 and Germany is the largest source of investment...