Hexing, a Chinese supplier of electrical equipment and solutions for utility companies, needs only a few more approvals to start production of smart meters and automation in Giarmata, near Timișoara. The official inauguration of the Smart Metering factory is scheduled for October 10, 2024, according to Transilvania Business.
Listed on the Shanghai stock exchange, the Chinese giant Hexing occupied 8,000 square meters this spring for an investment that will generate, according to company representatives, more than 100 jobs in Timișoara Industrial Park I.
The new unit of Hexing Technologies Europe SRL, a subsidiary of Hexing Group and Timișoara Airport Park, will serve as a hub of innovation and expand the footprint of Hexing’s digital energy services throughout Europe. The state-of-the-art facility will produce advanced smart metering solutions, including smart electricity and water metering systems, distribution automation solutions, solar inverters, batteries and electric vehicle chargers.
Hexing’s senior vice president, Jessica Fan, said the investment fits into the company’s long-term plans.
“Establishing a unit in Romania aligns with our company’s long-term vision to build a greener world. We are proud to play an active role in Europe’s digital development. smart power systems and to contribute to the local community by creating valuable employment opportunities. We are in the midst of an intense recruitment process,” said Jessica Fan.
The Timișoara I Industrial Park, owned and operated by Globalworth, is strategically located near the international airport and offers high-tech buildings for manufacturing, warehousing and logistics operations. Currently, almost exclusively leased, the park is home to companies such as Continental, Litens Automotive, Valeo and Coca-Cola.