Itron Expands Chinese Presence
Itron’s presence in China is expanding thanks to to the grand opening of its manufacturing facility in Suzhou Industrial Park. The new factory supports three major product lines: residential water meters, industrial water meters, and residential heat meters that will supply both the Chinese and global markets.
The increased capabilities in Suzhou enables Itron to manufacture sophisticated heat metering products designed to help Chinese utilities achieve energy reduction objectives. One of the major goals of the Chinese government’s Five Year Plan is to reduce energy consumption by 16 percent as compared with 2010 levels and by 32 percent as compared with 2005 levels. To that end, as per the plan published by the State Grid Corporation of China in 2009, initial smart grid constructions and interactive service systems will be deployed prior to 2015.
Itron president and chief executive officer LeRoy Nosbaum says, “Our continued investment in Itron’s heat and water meter business in Suzhou is indicative of our strong commitment to the Chinese market. This marks an important step forward as we sharpen our focus on delivering local products that meet local needs and provide a platform for building a sustainable future.”
Itron’s Suzhou facility produces water meters for residential as well as commercial and industrial applications. The devices are designed to reduce water wastage and provide utilities with information they can use to better manage water resources.
Marcel Regnier, Itron chief operating officer of the Water Division explains, “Accurate and reliable data are crucial to achieving energy reduction and water management targets. With the ceremonial opening of our factory in Suzhou, Itron is enthusiastically ready to provide Chinese clients with cutting-edge offerings that will help them address real business challenges.”
The Suzhou factory will also develop and produce Itron’s next-generation heat meter, Ultramaxx, by the end of this year.