Huawei procures $3.4b from Europe in 2013
Tuesday, 28 January 2014
Huawei, a leading global information and communications technology (ICT) solutions provider, procured US$3.4 billion worth of components, engineering services, and logistical services from Europe.
Huawei recently released the procurement amount from Europe, 2013, at the World Economic Forum Annual Meeting 2014 in Davos, Switzerland.
Huawei also re-emphasised its commitment to continuously pursue mutually-beneficial cooperation with Europe, according to a statement.
"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 Davos meeting, according to a statement.
"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 centre. By localising our operations and collaborating extensively with European partners, we have improved our overall capabilities. We have created a large number of job opportunities for Europe and helped move the industry forward," Ken Hu added.
Currently, Huawei has more than 7,700 employees in Europe. In addition, Huawei has set up two R&D centres with total 14 locations, and established six centres of expertise encompassing finance, marketing, service, and other fields. Moreover, Huawei has teamed up with leading European carriers, universities, and industry organisations to advance policies, standards, R&D, and procurement.
"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," Ken Hu said.
" The procurement amount is expected to keep growing in the future. Cooperation on procurement not only helps local businesses grow and add jobs, but also promotes technological and innovative interaction between Huawei and partners, helping both parties increase their competitive edge," he also added.
The World Economic Forum Annual Meeting was held from January 22 to 25, 2014, in Davos, Switzerland, under the theme of "The Reshaping of the World: Consequences for Society, Politics and Business".