The new facility of Hexing Technologies Europe SRL, a subsidiary of the Hexing Group and a leading green energy solution provider, set within the thriving Timisoara Airport Park, will serve as a hub of innovation, extending Hexing’s digital energy service footprint across Europe. As part of Hexing’s long-term vision to build a greener world, the state-of-the-art facility will serve as a centre of excellence to produce advanced smart metering solutions, including intelligent electricity and water metering systems, distribution automation solutions, solar inverters, batteries, and electric vehicle chargers.
Hexing’s Senior Vice President, Jessica Fan, commented on the investment, “Establishing a facility in Romania aligns with our company’s long-term vision of building a greener world. We are proud to play an active role in the digital development of Europe’s smart power systems and to contribute to the local community by creating valuable job opportunities. We’re in the midst of an intense recruitment process right now.”
The Timisoara 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, it hosts companies such as Continental, Litens Automotive, Valeo, Coca-Cola and now Hexing Romania, and in the future could accommodate another 28,500 sqm GLA through expansion.
“Our community is not only getting stronger by having Hexing but is also continuously refining its standards on working conditions. With this cutting-edge facility, we are unboxing the future of I&L spaces and features and this aligns perfectly with our committed pursuit of innovation, sustainability, and customer satisfaction, aiming to set new standards in the Logistics and Industrial sector,” said Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth.
The Hexing facility, founded on respect for the principles of local delivery, local service and a complete supply chain is scheduled to commence operations in the second quarter of 2024. The facility is anticipated to generate high-value employment opportunities, with support from the local government through state aid initiatives aimed at fostering job creation. The collaboration between Hexing Technologies Europe and SRL exemplifies a shared vision of driving economic growth and fostering technological innovation in the region.
The project has been made possible through great synergies between partners including CBRE Romania, who advised Hexing on the optimal factory location making the best out of the unique blend of international expertise with local in-depth knowhow of the market and the players, and Invest Romania, the “one-stop-shop” for foreign investors, assisting and advising international companies for project implementation in the country, part of the Romanian Agency for Investment and Foreign Trade.
“Timis is probably the most sought-after market by energy players, who have reached a level of maturity which requires already production facilities, not just energy land,” explained Mădălin Aresmerițoaie, Senior Consultant Industrial & Logistics Services, responsible for the West/North-West market at CBRE Romania. “The manufacturing sector is growing, returning to the pre-pandemic trend which is a sign of Romania’s health – in 2023 we recorded 18 percent of total leasing activity. We are pleased that we have designed the best scenario for Hexing, helping them to identify the optimal location in terms of current scale and expected growth in the coming years.”
The establishment of this facility aligns with the Romanian regulator ANRE’s 2019-2028 smart meter development directive, further emphasizing Hexing’s contribution to the advancement of Smart Grid 2.0.
This strategic initiative underscores Hexing Europe’s commitment to becoming a leading local manufacturer within the European Union while fostering technological innovation in the region. The facility’s advanced manufacturing capabilities will ensure shorter delivery times, catering to the demands of both the local market and beyond.
