The Hampton Roads Economic Development Alliance (HREDA) announces that Shenzhen Superwatt Power International Co., Ltd. (SWT), a China based manufacturer, has selected Hampton Roads for its new U.S. location.
SWT has chosen a site in the City of Suffolk for its operation, which will operate under the designation Grandwatt Electric Corporationhere in the United States. The property includes a 30,525 square foot building located at 1013 Obici Industrial Boulevard. The company is a privately owned manufacturer of power generators for telecom, mining, railway and other commercial and industrial applications. It is headquartered in Shenzhen and has production bases in Shandong province and Huizhou City in Guangdong province. SWT’s products are sold domestically and in more than 60 Countries around the world.
“Suffolk continues to be an ideal location for foreign business investment and job creation,” said Suffolk Mayor Linda T. Johnson. “We welcome Grandwatt Electric Corporation to our growing community and look forward to a long and prosperous relationship with them and their partners.”
The project represents a $10 million capital investment and anticipates 50 jobs over the next three years. Hampton Roads competed with North Carolina and two other regions in Virginia. “Superwatt’s selection of Suffolk is welcome news for all of Hampton Roads,” said 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. We welcome Grandwatt to the Hampton Roads’ business community.”
Superwatt was introduced to the (HREDA) by the Virginia Economic Development Partnership. After touring several buildings throughout the region, the facility in Suffolk was determined as the best fit for this project. HREDA worked with Suffolk’s Department of Economic Development and the Virginia Port Authority to secure this win for Hampton Roads.
“We were pleased with the level of assistance we received from the Hampton Roads Economic Development Alliance and their partners in searching for and securing our ideal location in the region,” said David Du, Chairman of Superwatt Power International. “The region’s business climate, proximity to the port, and great quality of life, matched our business objectives and are conducive to what we hope to accomplish with Grandwatt in Virginia.”