A Norwegian hydrogen equipment maker is reshaping its global production strategy as the hydrogen sector faces delays and growing financial pressure.
HydrogenPro will close its own manufacturing facility in China and shift production to Chinese partner Longi under a new Original Equipment Manufacturer agreement, giving it access to larger and more automated production capacity, GasWorld reports.
The company says the move will reduce costs and improve efficiency, as it scales back underused capacity and seeks more flexible manufacturing arrangements.
The restructuring also includes salary freezes, layoffs and cuts in operating expenses, reflecting weaker order intake and delayed investment decisions in hydrogen projects globally.
HydrogenPro says the changes are part of a broader effort to secure financing and adapt to an increasingly competitive market dominated by large international and Chinese players.
