Huawei to bring Chinese partner to Hungary
Chinese telecommunications equipment maker Huawei is expanding production further in Hungary and also helps one of its partner business to set up a manufacturing base here, Huawei Technologies Hungary managing director Gavin Dai told the business daily Világgazdaság on Tuesday.
Representatives of the partner company will visit Hungary in October. Huawei wants its partner to set up a manufacturing plant in Hungary and supply spare parts to Huawei plants in Cserkút near Pécs and Komárom. Huawei has been active in Hungary since 2004 and has invested about €50 million in the period. The company's output in Hungary doubled both in 2010 and in 2011 and could expand by a further 40-50% to $1.7-1.8 billion this year, the CEO said. Most of the production goes to export. They also expand the logistic centre (ELC) set up at Biatorbágy and Üllő, near Budapest last year, Gavin Dai told the daily. Total area of ELC will grow from 25,000sqm to 30,000sqm. Their plans include R+D too, and they have contacted several universities in Hungary.
Rail Cargo Group Leases Logisztár Terminal to S. Korean Logi...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
