Hexagon invested five billion yuan in 2022 to build an industrial base to manufacture its latest industrial equipment in Shenzhen, Guangdong province. — China Daily
BEIJING: Swedish metrology and geo-analytics company Hexagon AB will increase its investment in China and incubate more innovation-oriented companies to aid in the nation’s economic growth, a senior executive says.
Hexagon invested five billion yuan in 2022 to build an industrial base to manufacture its latest industrial equipment in Shenzhen, Guangdong province.
The company will work with local governments to build dual-intelligence empowerment centres in more Chinese cities to further develop the local industry chain, said Aime Alexandre, the group’s vice-president for global marketing and communications.
“At the same time, we have set up Sixth Sense, an open innovation platform to help incubate a large number of high-tech Chinese companies in cities such as Beijing, Shanghai, Wuhan in Hubei province and Qingdao in Shandong province, to reach more technical breakthroughs,” Alexandre said.
Hexagon has seen more than two decades of growth in China and the country has become one of its most important markets in terms of global strategy.
The group’s business in China currently focuses on two fields – smart manufacturing and smart city – that serve more than 40,000 customers in 29 industries such as aerospace, automotive and healthcare, he said.
Supported by 24,000 employees in 50 countries and regions, the global business of the Stockholm-based group has grown from �500mil in 2000 to �5.2bil in 2022.
The Swedish company, which is upbeat about the Chinese market, showcased its latest products and technology solutions during the sixth China International Import Expo in Shanghai earlier this month. Its exhibition area spanned 600 sq m. — China Daily/ANN
