Baku ° 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
08:52
Photo
First group of former IDPs leaves for Azerbaijan's Khankandi
Domestic policy08:43
President: We are entering new stage with United States in political, economic, energy, and even defense cooperation
Foreign policy08:42
President Ilham Aliyev: In some three years plus, we have increased gas exports to Europe to 13 billion cubic meters
Energy08:41
President: We do not see significant investments from Europe in either fossil fuels or renewable energy
Domestic policy08:39
President: We invest in renewable energy because we want to make our country and our region more appropriate for living
Energy08:37
Azerbaijani President: We were faced with unjustified criticism over both Eurovision and COP
Foreign policy08:36
President: Every year either World Cup or European Championship in skiing will be held in Azerbaijan
Foreign policy08:35
President Ilham Aliyev: We have very legitimate hopes that we may enjoy second very important oil boom in Azerbaijan
Energy08:33