Huawei, Wanhua-Borsodchem sign strategic agreement in Hungary
Huawei Technologies and Wanhua-BorsodChem, the two biggest Chinese investors in Hungary, signed a strategic partnership agreement yesterday, Hungarian news agency MTI reported.
Under the agreement, Wanhua will establish its regional ICT center in Hungary in order to raise its regional manufacturing to the highest technological standard and to develop its operations.
The partnership of two of the global leading Chinese companies will also introduce the "fourth industrial revolution", the latest manufacturing technology based on big-data and cloud-based technology and on machine-to-machine communication into the region, according to a report.
The agreement was signed by CEO of the Wanhua group Ting Kian Seng and CEO of Huawei Technologies Hungary Cheng Wei Feng. The signing ceremony was attended by Hungarian foreign minister Péter Szijjártó.
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