Siemens Mobility to invest $220mln in North Carolina rail car plant

Siemens Mobility, the Unites States’ largest passenger rolling stock manufacturer, said that it is investing over $220 million to build a rail car manufacturing facility in North Carolina, according to its statement published on Tuesday.

Siemens’ new plant will be built on a 200-acre site in Lexington, a 20,000-population town in central North Carolina, will bring 500 new jobs by 2028, the statement mentioned.

The agreement will allow Siemens to receive a jobs development grant of up to $5.63 million from the state of North Carolina, and the average salary for the new positions at the facility will be $51,568.

The announcement comes as the Biden administration and fellow Democrats direct billions in federal funding to upgrade aging infrastructure and increase U.S. manufacturing, hoping to encourage private-sector spending and create jobs.