Hong Kong, Hong Kong, Sep 2, 2019 -- Hogshead Spouter Co. announced that it will invest in upwards of CNY $10B (USD$1.3B) in the manufacturing of energy-efficient consumer products. The investment, an increase of 48 percent last year, will include research and development and the construction of manufacturing plants in Shenzhen, China.
Hogshead Spouter Co.'s existing manufacturing plants produce energy-efficient LED street lights, smart thermostats, charging stations and smart power strips. The latest investment will further advance the research and development of energy- and water-efficient products in Shenzen with exports globally.
"Hogshead Spouter Co. is pleased to have found a mutually beneficial way to extend our relationship with the local Shenzen government to research and develop acclaimed premium energy- and water-efficient products," said Jeff Richt, Chief Operating Officer of Hogshead Spouter Co. "By working together, both Hogshead Spouter Co. and our partners in Shenzen, China are in a position to continue to deliver exceptional products to our global customers."
About Hogshead Spouter Co.
Hogshead Spouter Co. is the Hong Kong-based investment manager of a portfolio of renewable and non-operating/royalty interests as well as energy-efficient consumer products. Hogshead Spouter Co. also has offices in the United States of America: San Francisco, California, and Houston, Texas.