Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Siemens to invest £100m in Chippenham rail factory site in Wiltshire

by March 5, 2024
March 5, 2024
Siemens to invest £100m in Chippenham rail factory site in Wiltshire

Siemens, the German technology giant, has unveiled plans to invest £100 million in a new manufacturing centre at its Chippenham rail signalling factory site in Wiltshire, England.

This investment is part of Siemens’ broader strategy to modernise its manufacturing facilities and enhance its presence in the UK.

The new facility, slated to open in 2026, will replace the existing Chippenham factory, which has been a hub for designing and manufacturing signalling and control systems for railways for over a century. Siemens intends to transfer the 800-strong workforce from the old site to the new one seamlessly, ensuring no disruption to production.

This announcement marks Siemens’ second major investment in UK manufacturing infrastructure in recent years, following its £200 million investment in a new train factory in Goole, East Yorkshire, set to commence operations this year. The Chippenham project underscores Siemens’ commitment to the UK market and its aim to bolster rail technology and transportation infrastructure in the country.

Siemens Mobility UK and Ireland’s joint CEO, Rob Morris, emphasized the significance of the investment, describing it as a robust commitment to Chippenham and the broader UK manufacturing sector. He highlighted Siemens’ pivotal role in transforming rail and transportation in Britain, citing the application of cloud-based rail technology to bridge the gap between physical and digital realms in railway operations.

The UK government’s recent announcement of a £360 million investment in various manufacturing and research projects aligns with Siemens’ expansion plans. This includes significant funding for aerospace R&D and initiatives to support low-carbon manufacturing, aimed at positioning the UK as a global leader in innovative industries.

While the government portrays these investments as vital steps towards securing highly skilled jobs and driving long-term economic growth, critics, such as Labour’s shadow business secretary Jonathan Reynolds, argue that more substantial and sustained support is needed to address the UK’s lagging business investment compared to its G7 counterparts.

Nevertheless, Siemens’ commitment to investing in state-of-the-art manufacturing facilities in the UK reflects the country’s potential as a hub for cutting-edge technology and innovation in the years to come.

Read more:
Siemens to invest £100m in Chippenham rail factory site in Wiltshire

0
FacebookTwitterGoogle +Pinterest
previous post
Mortgage reforms have excluded first-time buyers, say UK building societies
next post
Britain’s AI sector set to get £100m extra funding in budget

You may also like

HMRC dismissals for gross misconduct hit five-year high...

September 12, 2024

Reeves rules out Labour raising corporation tax above...

February 2, 2024

Ensuring Optimal Health in the Workplace: A Guide...

August 20, 2024

What is live shopping and will it take...

April 4, 2025

Deputy PM: AI set to be Bigger than...

August 14, 2023

UK economy returns to growth in January

March 10, 2023

North faces ‘Armageddon’ without HS2 links, warns Andy...

September 25, 2024

7 Common Myths about Antivirus Software Debunked

December 18, 2023

Mini Budget: UK needs inclusive economic growth, not...

September 23, 2022

Charities Criticise Tesco’s Evening-Only Food Collection Policy

May 14, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The Best Five Sectors, #28

      July 20, 2025
    • Why More Businesses Are Choosing a Fractional CMO Instead of Agencies and Junior Hires

      July 19, 2025
    • ‘Get a job’: Medicaid work requirements included in Trump’s megabill sparks partisan debate on Capitol Hill

      July 19, 2025
    • Trump has now been in office for six months, for the second time. Here are the highlights

      July 19, 2025
    • Week Ahead: NIFTY Violates Short-Term Supports; Stays Tentative Devoid Of Any Major Triggers

      July 19, 2025
    • Slovenia approves law to legalize assisted dying for terminally-ill adults

      July 19, 2025

    Categories

    • Business (8,525)
    • Investing (2,134)
    • Politics (16,122)
    • Stocks (3,222)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved