By Nathan Allen

Siemens AG's (SIE.XE) Materials Solutions Ltd. subsidiary will invest 30 million euros ($36.9 million) in an additive-manufacturing plant in the British town of Worcester, the company said Monday.

The investment will more-than double the company's footprint in the U.K., expanding its fleet of 3D-printing machines to 50 and creating more than 50 new jobs, Siemens said.

Siemens said the new plant, which is set to open in September, will provide additive-manufacturing services to a range of different industries, including aerospace and automotive.

Siemens bought a majority stake in Materials Solutions in 2016. The business specializes in manufacturing metallic components for industry through a process known as selective laser melting.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

March 19, 2018 05:25 ET (09:25 GMT)

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