Siemens is planning to invest CZK 7bn over the next seven years to expand its production in the Czech Republic. The company intends to expand and modernize its manufacturing plants in Drásov, Frenštát pod Radhoštěm, Mohelnice, Trutnov, Letohrad and Brno as well as build a new R&D center to develop electric motors in Ostrava. It is also planning to implement top modern digital technologies into all its operations. The general director of Siemens Česká republika, Eduard Palíšek,said that the company wants to strengthen its cooperation with Czech universities and hopes its use of top technologies will attract more young qualified people to its workforce. The company will create 1,800 new jobs, 30 percent of which will be earmarked for research and development, management and administration. Karel Kučera, head of CzechInvest, said that Siemens is currently considering the option to apply for incentives, but the investment does not depend on that.
