Chinese company chooses SuffolkPublished 9:59pm Wednesday, February 13, 2013
A Chinese company has chosen Suffolk for its new U.S. manufacturing location.
Shenzhen Superwatt Power International Co. Ltd. will set up shop in a 30,525-square-foot building at 1013 Obici Industrial Blvd., according to a press release from the Hampton Roads Economic Development Alliance.
The company is a privately owned manufacturer of power generators for telecom, mining, railway and other commercial and industrial applications.
“This is a very, very good company for us to be able to attract to Suffolk,” Gregory Byrd, assistant director of economic development for Suffolk, said during Wednesday’s Economic Development Authority meeting.
The company expects to bring about 50 jobs during the next three years and anticipates making about $10 million of capital investment. Hampton Roads competed with North Carolina and two other regions in Virginia for the company, which will operate under the name Grandwatt Electric Corporation in the United States.
“Suffolk continues to be an ideal location for foreign business investment and job creation,” Mayor Linda T. Johnson was quoted as saying in the press release. “We welcome Grandwatt Electric Corporation to our growing community and look forward to a long and prosperous relationship with them and their partners.”
Economic Development Director Kevin Hughes said during Wednesday’s meeting that the announcement leaves only one more space to fill in Obici Industrial Park, which is located off Carolina Road and also hosts companies like Trindco and Tile & Terrazzo.
Hughes said one reason the company favored the site is the infrastructure already installed in the building that it will need to conduct business, such as cranes mounted to the ceiling.
“Superwatt’s selection of Suffolk is welcome news for all of Hampton Roads,” said Hampton Roads Economic Development Alliance Chair Bob Boyd. “Advanced manufacturing is an important industry target for us, and we are confident that their new venture here in our region will be of mutual benefit.”