Siemens has revealed it will be investing £35 million in its Lincoln services by building a new operations centre and purchasing its Teal Park site.
The company, which is Lincoln’s largest private employer, runs its Industrial Turbomachinery arm at the business park in North Hykeham.
As part of a milestone expansion, with building work set to begin in May 2017, the company will be building a Global Service Operations Centre.
This will enable Siemens to relocate the Small Gas Turbine parts and engine storage currently based at Freeman Road, Lincoln into a state-of-the-art 7,000 square metre facility.
Located next to Siemens’ existing Teal Park overhaul facility, the new Global Service Operations Centre will help to improve efficiency by having everything in close proximity such as spare parts, turbine engine units, tooling and safety equipment.
It is hoped that building will begin in May 2017 and be completed by January 2018, with employees and activities moving to the new site by Spring 2018.
In addition to the new development, Siemens will also purchase the original 11 acre Siemens’ Feilden House site on the Teal Park industrial estate.
The total cost of investment in the new development and the purchase of the original site will be in the region of £35m, the company said.