http://sev.prnewswire.com/oil-energy/20080623/NYM08123062008-1.html New Multi-Million Dollar Siemens Plant Will Increase Production of Mechanical Drives for Wind Turbine Industry
Investment Will Create Approximately 350 New Jobs in Illinois
ELGIN, Ill., June 23 /PRNewswire/ -- Due to the increasing demands for alternative and renewable energy sources, Siemens Energy & Automation, Inc. announced today that it would be investing more than $20 million to develop a second plant in Elgin, Ill., for its Drives Technologies business. Siemens is the largest producer of wind turbine gear drives in the United States. The expansion will increase production, enabling the company to meet the expectations of its customers.
In Elgin, Siemens designs and manufactures mechanical gear drives for the wind industry as well as for the cement, coal and minerals, and oil and gas industries. The new plant, expected to be completed in March 2009, will create approximately 300 new jobs in production and 55 new office jobs over the next three to four years; the plant in Elgin currently employees 150 people. A groundbreaking ceremony will be held on June 25, 2008 for the new plant.
"Siemens is committed to providing technologies that promote energy efficiency and reduce costs," said Anne Cooney, vice president of the Power Conversion Division for Siemens Energy & Automation. "Combined with the expertise and product knowledge we have in Elgin, the new facility will enable Siemens to increase production of our mechanical drives to help our customers meet the growing demand for sustainable energy resources."
The State of Illinois and the City of Elgin provided a number of incentives to Siemens to help secure the investment including a Wind Energy Development Grant and Employer Training Investment Program job training funds.
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