Siemens Healthineers Announces the Start of Construction for a New Factory in North Oxfordshire, UK. With an investment of over 290 million Euros, the facility will specialize in the development and production of superconducting magnets used in Magnetic Resonance Imaging (MRI). The factory, whose opening is scheduled for 2026, is expected to create more than 1,300 new jobs.

This expansion underscores Siemens Healthineers’ commitment to further expand its capabilities in key technologies and strengthen its position in the field of medical imaging. The investment not only contributes to the regional economy but also signals the company’s confidence in the future of medical technology research and development.

The announcement of this significant project was accompanied by a minor positive reaction on the stock market, with Siemens Healthineers shares temporarily rising by 0.04 percent to 52.50 euros in XETRA trading. This move marks an important milestone for the company as it expands its global manufacturing capacities and aims for long-term growth.