Investor Updates
Siemens to build plant in Adelaide
16 August 2013
Germany’s Siemens AG has unveiled plans to build a repair and maintenance plant in Adelaide as part of a planned sustainable technologies precinct.
The plant, to be situated in a precinct that also houses a Flinders University research and teaching facility, adds to Australia’s already strong reputation for collaboration between academic research, commercial applications and market opportunities.
The $5 million plant will repair and maintain oil and gas turbines. It is expected to open in late 2014 and employ up to 35 people.
Siemens, which has been in Australia for 140 years, is one of the world’s largest engineering and advanced technology firms. It has the world’s largest environment portfolio and provides technology solutions for energy, healthcare, infrastructure and industrial sectors. It employs about 400,000 people around the world, including 100 in South Australia.
Siemens signed a memorandum of understanding last year with the South Australian Government to support the redevelopment of the Adelaide suburb of Tonsley into a world-class sustainable technologies precinct.
Siemens Vice President of Energy, David Pryke, said that setting up a state-of-the-art, purpose-built Siemens facility at Tonsley is the logical next step in the relationship.
“We’re in the business of creating technology for a sustainable future and it’s a natural progression of our commitment to doing business in South Australia,” Mr Pryke said.
“Technology precincts offer tremendous potential for innovation and collaboration - essential ingredients for successful business on a global stage.”
Siemens AG is an electronics and engineering company, with operations worldwide in the industrial automation and control, information and communications, lighting, medical, power transmission and transportation sectors. Siemens is also a manufacturer of telecom network equipment and computer products.
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