Thursday, January 23, 2014

Huawei Purchased US$3.4 billion from Europe in 2013

Saying that its business practices are a win-win, Huawei announced that it procured US$3.4 billion worth of components, engineering services, and logistical services from Europe in 2013. In addition, Huawei said it now has more than 7,700 employees in Europe and it has has set up two R&D centers with total 14 locations, and established six centers of expertise encompassing finance, marketing, service, and other fields.  Huawei has also set-up partnerships with leading European carriers, universities, and industry organizations.

"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. By localizing our operations and collaborating extensively with European partners, we have improved our overall capabilities. At the same time, our global value chain enabled the capability transfer from Europe to other parts of the world, which generated even greater value from these capabilities. In this process, we have also created a large number of job opportunities for Europe and helped move the industry forward."

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. With full confidence in the future of Europe, we will continue to invest in this region, cooperate with European industry players to promote innovations, and play a more active role in reshaping the society."

http://www.huawei.com

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