Kaifa

Chinese supplier Kaifa will invest R$ 200 million to build a smart water meter factory in Manaus, Brazil, generating about 300 jobs. The investment is linked to a R$ 3.8 billion contract between Sabesp and Vivo to replace 4.4 million conventional water meters.

Chinese company Kaifa, which won a tender to supply 200,000 smart electricity meters to Israel Electric Corporation, will produce about 15,000-20,000 meters per month at the IPU factory in Kiryat Gat, Israel, as part of offset obligations.