ZURICH: Siemens will spend €2 billion on a new global investment plan, the German engineering and technology group said on Thursday , as it gears up to meet increased demand triggered by global stimulus packages.
"Siemens is experiencing significantly above-market growth. Today we announce an investment strategy to boost future growth, drive innovation and increase resilience," said Siemens Chief Executive Roland Busch in a statement. The company has previously said its expects its total addressable market for its products, which range from trains to industrial software, to expand by 7 per cent per year between 2022 to 2027.
Source: News Formal (newsformal.com)
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