The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture Of Instruments And Appliances For Measuring, Testing And Navigation
200 jobs Number of planned job creations
Announcement Date
20 September 2024
Employment effect (start)
10 October 2024
Foreseen end date
10 October 2026
Description
Hexing, a Chinese manufacturer of smart meters will officially start production in October at its plant in Giarmata (Timis County). The company invested more than 15 million lei (approx. €3 million) of which 4,7 million lei (approx. €940,000) comes from state aid and announced its intention to increase the number of employees from the current 46 to more than 200 specialists in the end of October 2026.
In this regard, the company signed a partnership with the Timisoara Polytechnic University which aims to train a mass of specialists to support the development of the company.
Globally, the company is present in 100 countries, which includes markets in Asia, Africa, South America, Europe and the Middle East and has a workforce of 3,000 employees.
Eurofound (2024), Hexing, Business expansion in Romania, factsheet number 201637, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201637.
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