Huawei to increase procurement spending in the EU
22 October 2014 |
Huawei has today announced plans to step up its procurement spending in Europe, as part of its investment strategy in the region.
The Chinese vendor acquired $3.4 billion worth of components, engineering and logistical services in Europe during 2013 and by 2015, the company expects to make direct purchases worth $4.1 billion.
The announcement follows Huawei’s European Partner Convention on October 20, during which the company said that its solid partner ecosystem had been highly successful in the region, and 14 partners were given Huawei’s European supplier awards as a result.
Kevin Tao, president of Huawei Western Europe, said that Europe remains the company’s top investment destination.
“Europe’s fertile ICT environment and the trust of our valuable European partners has enabled us to get where we are today,” Tao said. “As our engagement with the European business environment deepens, procurement will be continually increasing to fuel this expansion.”
Huawei has more than 7,700 staff in Europe, 17 R&D sites, six centres of expertise and a service platform comprising eight training centres, two technical assistance centres and six network operation centres.
The vendor has also said that it plans to hire 5,500 more staff over the next five years, as well as double its R&D staff in the next three.
Huawei launched its German innovation centre in August 2014, and later in October, revealed plans to increase its R&D investment in France.
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