Maker of electronic system devices pushed by labor costs and pulled by overseas demand
Wasion Group Ltd, the Hunan-based manufacturer of electronic power meters and data collection devices, plans to invest 15.91 million yuan ($2.32 million) over the next three years to upgrade its production facilities with more industrial robots, said senior executives.
Its products are widely used in sectors such as the energy-supply industry, construction, petroleum and petrochemicals, transportation, mechanical manufacturing and residential use.