Hexing Group, a leading global supplier of smart green energy products and solutions, has announced a significant investment of $10 million (Sh1.3 billion) to expand its operations in Kenya.
This investment will facilitate the establishment of a new office in Nairobi, aimed at tapping into emerging business opportunities within Kenya and the broader East African region.
The expansion includes the setup of a local assembly line for power products, which were previously imported from Hexing’s manufacturing plant in China.
This strategic move underscores Hexing’s commitment to localizing its operations and enhancing supply chain efficiency.
“Hexing is excited to expand our footprint in Kenya, a country that serves as the hub of the East African economy and possesses immense potential for development and market opportunities,” said Zhou Xiping, Regional chief executive officer for East Africa.
“Our investment reflects our confidence in the region and our dedication to providing innovative energy solutions.” The new office is expected to significantly increase the capacity for product supply in the market and create approximately 100 job opportunities over the next 12 months.
“The completion of our new premises marks a pivotal milestone in our company’s growth and demonstrates our long-term commitment to Kenya and the entire East African market,” Zhou added.
“We anticipate that this new base will not only generate employment opportunities for the local community but also stimulate economic growth and deliver innovative solutions for smart power distribution, smart water use, and new energy markets in East Africa.”
Founded in 1992, Hexing Group has dedicated itself to advancing green energy solutions, providing customers with efficient and economical energy experiences.
The company was listed on the main board of the Shanghai Stock Exchange in 2016 and has spent the last 30 years delivering new energy and smart grid solutions to clients worldwide.
Its product portfolio
includes power metering and charging
products, power distribution products,
water metering and treatment solutions, inverters, charging piles, energy
storage batteries, and other new energy products.