German technology giant Siemens AG plans to build its most advanced factory for the production of distribution transformers in Guangzhou, the capital city of Guangdong province.

The news was announced by Lothar Herrmann, president and CEO of Siemens Greater China, during a forum on the development of the Guangdong-Hong Kong-Macao Greater Bay Area on Sept 12.

The new factory, which is expected to begin operation in 2021, will apply the Industry 4.0 standard and become the world's first digitalized transformer factory, as well as a Siemens model factory in the global market.

"The Greater Bay Area is devoted to developing itself into a world-class bay area and a global hub for innovation and technology," said Herrmann. "Siemens will provide comprehensive technical support for the Greater Bay Area, focusing on five priorities – boosting clean energy, developing digital manufacturing, building a smart city cluster, driving innovation, and nurturing talents."

Siemens is currently installing its most efficient H-class gas turbines in Guangzhou's Zengcheng district. One such unit is able to meet the electricity demands of over 1 million households and save carbon emissions comparable to those of 380,000 cars.

In addition, the company has also reached cooperation with around 20 universities and vocational colleges in the province, in an effort to strengthen the Greater Bay Area's digital talent pool.

Lothar Herrmann, president and CEO of Siemens Greater China, delivers a speech at a forum on the development of the Guangdong-Hong Kong-Macao Greater Bay Area on Sept 12. [Photo/Economic Daily]