Hexing

Type
Business expansion
Country
Romania
Region
Macroregiunea Patru; Vest; Timiş
Location of affected unit(s)
Giarmata
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.5 - Manufacture of measuring testing instruments, clocks and watches
26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
200 jobs
Number of planned job creations
Job creation
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.

Sources

Citation

Eurofound (2024), Hexing, Business expansion in Romania, factsheet number 201637, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201637.