# HSW to invest 375m RMB in manufacturing plant in Qingdao, China

HSW's Board of Directors approved an investment of 375m RMB to build a manufacturing and assembly plant in Qingdao, China, with construction starting at end of Q1 2020 and completion within a year.

- Type: New facility
- Announced: 2020-05-11
- Where: Qingdao, China
- Value: $53.0M (375.0M CNY)
- Starts operating: Q1 2021
- Status: under construction
- Products: point-of-use water systems
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [HSW](https://endata.com/companies/47157.md)
- [Haier](https://endata.com/companies/5126.md) (partner)
- [Strauss](https://endata.com/companies/28207.md) (investor)
- [Strauss Water](https://endata.com/companies/51026.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hsw-to-invest-375m-rmb-in-the-construction-of-a-manufacturing-plant-in-china-301056678.html), 2020-05-11: "An investment like this at a time like this, strengthens the connection between Israel and China, and between Strauss and the Haier Group."
- [en.globes.co.il](https://en.globes.co.il/en/article-strauss-to-build-chinese-purified-water-plant-1001328203), 2020-11-05: "Investing in China precisely at this time also strengthens the connection between Israel and China, and reflects our great confidence in our business activities in China and in our relationship with Haier."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.