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Huawei projects $2.5 bln in revenue from Hungary

Chinese telecommunications equipment maker Huawei projects revenue of $2.5 billion from its Hungarian operations next year and $3.5 billion in 2012 compared to $1.5 billion in 2010 if production and logistic test operation is successful.

Huawei Magyarország sales manager Zoltán Takács told MTI's correspondent in Shanghai that the test operation began in summer 2009 and it will be determined in September whether it is successful. If so, Hungary will become Huawei's European manufacturing and logistics center. Huawei directly employs 120 and indirectly 430 workers in Hungary. Next year, the number of workers employed directly will rise to around 700.

In addition to assembly of landline and wireless telecommunications equipment, base stations and optical transmission in Pécs and Komárom, Huawei is also testing a logistics center in Hungary. Huawei will supply products from Hungary to Europe, including Russia, as well as to northwest Africa.

Takács noted the test operation will be successful if the Hungarian government pursues a more business-friendly economic policy.

Huawei Magyarország recorded revenue of $62 million in 2008 and $65 million in 2009. The company supplies telecommunications equipment to Vodafone among other clients. (MTI – Econews)