Chinese networking- and telecommunications-equipment company Huawei will begin at two new manufacturing bases in Hungary this year, the business daily Világgazdaság reported.
The production bases will be located in Komárom (N Hungary) and Pécs (S Hungary), providing a total of 700 jobs - 280 in 2009 and 420 more in 2010.
The company plans to produce $800 million in equipment at the 20,000 square meters of production space this year and $1.1 billion in equipment next year.
Huawei has operated a commercial office in Hungary since 2004, currently employing almost 100 people in the country. (MTI – Econews)