Huawei to spend more in Europe procurement next year
China Daily, October 23, 2014 Adjust font size:
Huawei, a leading global ICT solutions provider, has announced that its direct procurement in Europe will reach $4.08 billion in 2015, a big leap from that of $3.4 billion worth of components, engineering and logistical services from Europe in 2013.
Huawei announced its procurement plan on Wednesday after the European Commission finally decided to drop its anti-subsidies investigation into China's telecommunication imports into the EU market on Monday.
Its procurement in Europe is expected to reach $3.7 billion in 2014, according to Huawei.
At its European Partner Convention held in Germany this week, Huawei highlighted the role of its solid partner ecosystem in delivering win-win results and promised to gather further speed in procurement spending in the region.
These projections are in line with Huawei's plans to increase overall investment in Europe. It plans to hire 5,500 more staff in the next five years and to double its R&D staff in the next three years.
"Europe remains our top investment destination," said Kevin Tao, President of Huawei Western Europe. "Europe's fertile ICT environment, and the trust of our valuable European partners, has enabled us to get where we are today. As our engagement with the European business environment deepens, procurement will be continually increasing to fuel this expansion."
