Billion euros order: Siemens builds 73 trains for the USA

SourceMarket Research Telecast
Date Published07/10/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Siemens Mobility
Parent companySiemens
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2024
Country(ies) from which reshored:Germany
City reshored to:Sacramento
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredVenture trains, trains
What domestic positive factors made reshoring more attractive?Under-utilized capacity, Other, Biden
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