Sun Yafang, Chairwoman of the Board of Huawei
Davos, Switzerland: Vigilance can report that Huawei has released its 2013 procurement amount from Europe at the World Economic Forum in Davos, Switzerland. Huawei also re-emphasized its commitment to continuously pursue mutually-beneficial cooperation with Europe.
"Our core business principle in Europe is to achieve mutual benefits and win-win outcomes," said Ken Hu, Huawei's Deputy Chairman and Rotating CEO, at World Economic Forum Annual Meeting 2014 in Davos. "Europe benefits from a deep-rooted history of culture, management, and technology expertise as well as a great tradition for innovation. Huawei regards Europe as a key competency center. By localizing our operations and collaborating extensively with European partners, we have improved our overall capabilities. At the same time, our global value chain enabled the capability transfer from Europe to other parts of the world, which generated even greater value from these capabilities. In this process, we have also created a large number of job opportunities for Europe and helped move the industry forward."
In 2013, Huawei procured US$3.4 billion worth of components, engineering services, and logistical services from Europe. The procurement amount is expected to keep growing in the future. Cooperation on procurement not only helps local businesses grow and add jobs, but also promotes technological and innovative interaction between Huawei and partners, helping both parties increase their competitive edge.
A spokesperson for the company said Huawei currently had more than 7,700 employees in Europe, adding Huawei had set up two R&D centers with a total of 14 locations, and established six centers of expertise encompassing finance, marketing, service, and other fields. The spokesperson revealed Huawei had teamed up with leading European carriers, universities, and industry organizations to advance policies, standards, R&D, and procurement, saying their cooperation initiatives not only created value for local communities, but benefit customers around the world.
Looking into the future, Ken Hu remarked: “We believe that open and free trade policies, the foundation of Europe’s prosperity for the past centuries, will continue to pave the way for improving ICT industry’s competitiveness and fueling the growth of digital economy. With full confidence in the future of Europe, we will continue to invest in this region, cooperate with European industry players to promote innovations, and play a more active role in reshaping the society."
The World Economic Forum Annual Meeting was held from January 22 to 25, 2014, in Davos, Switzerland, under the theme of "The Reshaping of the World: Consequences for Society, Politics and Business".