Siemens to invest EUR 12mn in electric motor assembly hall in Czech Republic.

By bne IntelliNews May 2, 2011
Czech electric motors producer Siemens Elektromotory, controlled by Germanys Siemens, will invest EUR 12mn in the construction of a new assembly hall in 2011, CIA news agency reported. The investment will create 200 jobs. The new hall is expected to start trial operations in March 2012. Siemens Elektromotory operates an electric motor plant in the Mohelnice, where it employs nearly 2,200 people.

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