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 center 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, Mrs. Jessica Fan, commented on the investment, saying, "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 28.5k 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." stated Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth.
The Hexing facility which is founded on respect for the principles of local delivery, local service and 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 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-deep 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% of total leasing activity. We are pleased that we have designed the best scenario for Hexing, helping them to identify the optimal location both 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.
Through the establishment of this facility, Hexing Europe will forge a close partnership with local partners. This collaboration will enable Hexing Technologies Europe SRL to provide enhanced pre-sales and after-sales support, contributing to the seamless integration solutions in Romania and other European Union countries. Furthermore, the facility's advanced manufacturing capabilities will ensure shorter delivery times, catering to the demands of both the local market and beyond.
Largest regional logistics hub gathering 1.7 mln. modern sq m, the Western / North-Western sub-market accommodates through important cities such as Timisoara and Cluj-Napoca both developers and tenants internationally renowned, enjoying country’s western border proximity. Skilled labour force and the gate to Western Europe, makes the West / North-West area the most sought after regional sub-market by developers and investors.
Timis county claims the largest share of modern industrial stock region wise and hosts numerous production, logistics and storage facilities where developers capitalize on the synergy created by the strategic location, infrastructure, and skilled workforce and 87% of the modern stock is class A. Also, the West / North West part of the country is set to be the largest recipient of the future new supply, respectively 45%, followed by Bucharest with 32% and East / North East region with 14% from the total.
ABOUT HEXING Group
Hexing Electrical Co., Ltd. was founded in 1992, focusing on green energy, providing people with a better, more efficient and more economical energy experience. The company was listed on the main board of the Shanghai Stock Exchange in 2016. For 30 years, Hexing has been committed to providing new energy and smart grid solutions to customers around the world. The product field covers power metering and charging products, power distribution products, water metering, and water treatment products, inverters, charging piles, energy storage batteries, and other new energy products.
Today, Hexing has become a multinational company, practicing "focus, innovation, and customer orientation", providing green energy and innovative solutions to customers in more than 90 countries around the world, and creating a better tomorrow.
ABOUT Globalworth
Globalworth is a real estate company active in Central and Eastern Europe, listed on the London Stock Exchange in the AIM segment. It has become the main investor in the CEE office real estate market through its market leading position in both Poland and Romania. Globalworth directly invests, develops and manages high-quality office buildings and industrial parks in premium locations that generate rental income to leading companies around the world. Managed by more than 250 professionals in Cyprus, Guernsey, Poland and Romania, the company’s portfolio has a total value of €3.1 billion as at 30 June 2023. Approximately 96.9% of the portfolio is represented by income-producing assets, predominantly in the office sector and leased to approximately 700 national and multinational companies. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania the properties are found in Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Târgu-Mureș. For more information visit www.globalworth.com or follow us on Facebook, Instagram, LinkedIn.
ABOUT CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. In Romania, CBRE serves a diverse range of clients with an integrated suite of services including transaction management and coordination, project management, design and build services, property management, investment management, valuation, property rental, strategic consulting, property sales, mortgage services, and d
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