ADVERTISEMENT

Hungary in running for new Huawei factory

Pharma

Photo by Pixeljoy / Shutterstock.com

Vu Pi-jiang, managing director of Huawei’s Hungarian subsidiary, said in an interview with leading business daily Világgazdaság that Hungary will remain a top European hub for Huawei Technologies, and is being considered for a new factory.

Huawei advertisement on a Budapest rooftop. Will a new factory also appear in Hungary? Photo by Pixeljoy/Shutterstock.com

He also talked about the fact that after the United States blacklisted the company, it moved some of its activities, business, R&D, to Canada, and witched some other activities to Europe. 

“The plant would manufacture equipment for, among other things, telecommunications wired and mobile networks,” Vu Pi-jiang told vg.hu.

“We have no information yet on where the new factory is going, but Hungary is in a very good position. We are already here and, in fact, we have had our European Supply Center here for more than 10 years. As our European business expands, Hungary will definitely play an important role in this,” the business leader added.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

EC Puts Hungary 2024 GDP Growth at 2.4% EU

EC Puts Hungary 2024 GDP Growth at 2.4%

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Marcelito Pomoy to Perform in Budapest Next Week Music

Marcelito Pomoy to Perform in Budapest Next Week

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.