Siemens To Invest €267m In Czech Plants

CzechInvest Agency has announced that the engineering giant will create more than 1,800 jobs by investing more than €267m in different locations around the Czech Republic.

Siemens plans to invest more than CZK 7 billion over the next seven years to expand and modernize its Czech plants. As part of the investment, the German firm also plans to build a new electromotor development center which will be established in Moravian-Silesian Region.

It expects to create more than 1,800 jobs roughly a third of which in research and development, management and other office functions.

“I’m proud that we can further expand our activities in the Czech Republic, particularly in high value add areas. Our newest digital technologies enable our customers to strengthen their competitiveness,”  Eduard Palíšek, the CEO of Siemens Czech Republic said.