Siemens investing in Quebec plant manufacturing energy turbines
The aero-derivative gas turbines are used for the production of electricity, and serve as a backup source in the event that an existing network is unable to meet the demand.
German-based Siemens AG, through its subsidiary Siemens Canada, has announced that it plans to invest $110.6 million in research and development activities at its plant in Dorval, Quebec to design and make improvements to aero-derivative gas turbines. These turbines are used for, among other things, the production of electricity, and serve as a backup source in the event that an existing network is unable to meet the demand.
The announcement was made at the World Economic Forum at Davos, Switzerland, with Quebec Premiere Philippe Couillard and Siemens CEO Joe Kaeser on hand. Siemens also plans to invest $22 million to launch a platform of expertise related to Industry 4.0 and the implementation of a training system integrated into the workplace.
The Québec Government will grant the Company a loan of $20 million to support these investment projects.
Siemens employs 1,500 people in Québec at its three plants located in Dorval, Drummondville and Trois-Rivières.