FORT WORTH, TX (November 7, 2023) - Siemens has announced a significant manufacturing investment in Fort Worth, Texas. The company is set to establish an advanced manufacturing plant at 7200 Harris Legacy Drive, within the Carter Park East industrial park. This state-of-the-art facility will focus on the production of low voltage switchgear and switchboards, supporting the increasing global demand for these essential industrial components.
This project represents nearly 30 percent of Siemens’ $500 million investment in critical infrastructure manufacturing in the U.S. this year. This expansion includes $70 million in real property improvements to be completed by December 31, 2024, and an additional $55 million in business personal property to be in place by January 1, 2025.
With this investment, Siemens will create over 700 jobs at the new facility. These positions will offer an average annual salary exceeding $63,000, providing stable and rewarding career opportunities for local residents.
“In the last decade, digital technologies transformed our personal lives and the consumer world. This investment tells us that this is the moment for industry and infrastructure, as the backbone of America’s economy is brought online and billions of things are connected," said Barbara Humpton, CEO of Siemens USA. "In making this new plant a reality, we'll create hundreds of high-skilled manufacturing jobs in the region while also modeling the path forward for American manufacturers focused on meeting rising demand for high-tech products and increasing sustainability."
"Fort Worth is excited to have Siemens invest in a state-of-the-art facility here as part of the company’s growing presence across our region,” said Fort Worth’s Mayor Mattie Parker. “Siemens is not only an excellent fit for Fort Worth's expanding ecosystem of innovative and technology-forward businesses, but the company will also create hundreds of exactly the kinds of high-quality career opportunities residents are looking for to thrive in our city."
Siemens has a long history of providing products, systems, and services for industrial automation, drives, motors, and energy management systems. As a low-voltage circuit breaker manufacturing hub, the company's new manufacturing plant in Fort Worth marks a strategic move to further support the growing demand for low voltage switchgear. This surge in demand is driven by factors such as increased construction, the expansion of manufacturing operations, and the rising utilization of sustainable energy sources.
"We extend a warm welcome to Siemens in Fort Worth, celebrating their rich history and legacy of innovation.” said Robert Allen, CEO of the Fort Worth Economic Development Partnership. “As Fort Worth continues to grow, having Siemens join our community reinforces our commitment to fostering a collaborative environment where pioneering ideas thrive. Siemens' global expertise aligns seamlessly with our city's aspirations, promising not only economic opportunities and job creation but also a legacy of advancement and prosperity. This partnership stands as a testament to Fort Worth's reputation as a hub for innovation, and we look forward to the positive impact Siemens will undoubtedly bring to our dynamic city."
"When you think about how quickly Fort Worth and the North Texas region is growing, Siemens produces exactly the kind of future-forward, technology-driven products and sustainable systems that will be critical to helping us collectively manage that growth through energy-efficient infrastructure," said Robert Sturns, Director of Economic Development for the City of Fort Worth. "We're excited about this partnership and look forward to welcoming them to Fort Worth."
Siemens's investment in Fort Worth is a significant milestone for the city and the region as a whole. This investment builds upon the company's established presence in Grand Prairie, where it manufactures circuit breakers and supporting electrical infrastructure and in nearby Carrollton, where it builds electric vehicle chargers for the U.S. market. Their Fort Worth facility will not only drive economic growth but also contribute to the ongoing success of the city as a center for innovation in smart building technologies.
Final incentives for this expansion are scheduled to go before the Tarrant County Commissioners Court on November 7, further highlighting strong support from local authorities for this project.