Baku 7° C
Huawei to build first plant in Europe
ICT
- 23 December, 2020
- 07:53
China's Huawei Technologies Co. will establish the first production facility in Europe, Report informs, citing the company's press release.
The venue is a shopping park in the northeastern French city of Bryumat. The investment in the plant will be 200 million euros. It will create 300 jobs in the first phase and 500 in the long run.
The company will produce mobile networking solutions worth 1 billion euros a year for Huawei's European customers.
In Europe, the corporation currently has 23 research centers, more than 100 partner universities, and more than 3,100 suppliers.
Huawei announced plans to build its first plant in Europe in France last year. Europe is the largest foreign market for the company amid US sanctions against Huawei.
Author
Latest News
17:44
FM: Georgian initial tariff offer for Azerbaijan's fuel export to Armenia was not appropriate
Foreign policy17:35
FM Bayramov: Azerbaijan, US close to finalizing strategic cooperation charter
Foreign policy17:32
FM Bayramov: US-Azerbaijan relations show positive dynamic
Other17:19
Jeyhun Bayramov: Azerbaijan working to lift visa requirements with five countries
Foreign policy17:12
Bayramov: Enclave, exclave issues between Azerbaijan, Armenia to be resolved too
Domestic policy17:04
Foreign Minister: How could western countries issue ten-year visa to a separatist?
Foreign policy16:55
Bayramov announces completion of liquidation process of 'Russian House'
Foreign policy16:54
Bayramov: Armenia must amend its constitution, fulfill commitments on TRIPP to sign peace deal
Foreign policy16:46