Jun. 24, 2008 (China Knowledge) - Huawei Technologies Co Ltd. (Huawei), a leader in providing next-generation telecom technologies to networks operators worldwide, has inked an agreement with Xi'an, capital city of Shaanxi province, to set up plants worth RMB 1 billion, according to industry sources.
Pursuant to the agreement, the new projects would include a global switch technology support center and software production facility, construction of which is scheduled to start as early as 2009.
Xi'an attaches great importance to development of the telecommunication industry, said Sun Qingyun, a senior official of the local government, adding that Huawei's new plants will further enhance and develop the city's telecomm industry chain. Xi'an will actively support Huawei's business development in this area, said Sun at the signing ceremony last Friday.
Huawei is paying much attention to the city's software, telecom and science-oriented labor force advantages, said Ren Shulu, vice president of the company. He added Huawei will accelerate construction work so as to make the plants operational sooner and start producing the top-ranking hi-tech zoom equipment.
Huawei registered sales of US$16 billion last year, of which 72% came from overseas markets.