Huawei Bought $3.4 Billion Worth of Kit from European Suppliers in 2013
Published on: 23rd Jan 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
Huawei has announced that last year it procured USD3.4 billion worth of components engineering services and logistical services from within Europe.
Currently, Huawei has more than 7,700 employees in Europe. In addition, Huawei has set up two R&D centers with total 14 locations, and established six centers of expertise encompassing finance, marketing, service, and other fields.
"Our core business principle in Europe is to achieve mutual benefits and win-win outcomes," said Ken Hu, Huawei's Deputy Chairman and Rotating CEO, at World Economic Forum Annual Meeting 2014 in Davos. "Europe benefits from a deep-rooted history of culture, management, and technology expertise as well as a great tradition for innovation. Huawei regards Europe as a key competency center."
Looking into the future, Ken Hu remarked: "We believe that open and free trade policies, the foundation of Europe's prosperity for the past centuries, will continue to pave the way for improving ICT industry's competitiveness and fueling the growth of digital economy."