CCI NewsWire: President Obama Visits Siemens Renovation
For the first time in the company’s 163-year history, a U.S. president has visited a Siemens factory. During his tour of the Midwest in April, President Barack Obama made a stop at the plant manufacturing components for wind
power generation in Fort Madison, Iowa. The 600,000-square-foot plant, which was opened in mid-2007 and has recently been expanded, has a workforce of 600 employees and produces rotor blades for wind turbines.
According to Peter Loescher, president and CEO of Siemens AG, the visit by the President was a very meaningful milestone for Siemens. “This is an extraordinarily proud moment for us at Siemens. We have been investing and growing our business in America for over 100 years—investing $25 billion in the last 10 years alone. We think our Fort Madison plant is a fantastic example of how, with the right policy and market support, we are able to invest in and revitalize America’s manufacturing base.”