Huawei to invest CZK 8.6bn in Czech Republic

Huawei to invest CZK 8.6bn in Czech Republic

Published at: 2017-05-19 11:17 | Author: CIJ Journal
Huawei is planning to invest CZK 8.6bn and create 4,000 new jobs in the Czech Republic over the next five years. The mobile phone manufacturer is reportedly planning to build a greenfield assembly plant and is in negotiations with the Czech government about partnering on key technology programs, such as national broadband, smart and safe cities and cyber security and data protection. It has a 20-percent market share in the Czech Republic. Huawei is active across 170 countries. Its smartphone sales have increased by 29 percent to 139 million devices, while global revenues grew by 42 percent in 2016 to $25.7bn.

Similar Stories:

Northern Aerospace to build facility at Euro-Park Mielec
Northern Aerospace is planning to build manufacturing and warehouse facility in the Trzebo  »
Panattoni completes center for Amazon near Szczecin
Panattoni Europe has completed a fulfillment center for Amazon in Kołbaskowo, near Szczec  »
SMG opens bumper plant in Kecskemét
Samvardhana Motherson Group (SMG), an Indian supplier for the automotive industry, has ope  »
Panattoni completes first stage of BTS project for Castorama Polska
Panattoni Europe has completed stage one in the construction of a distribution center for  »
What would a successful year be for Panattoni Europe in the Czech Republic? For us, we   »
Romania’s logistics sector is expanding hand in hand with growing consumption and purcha   »
Less Mess Storage opened its fourth Warsaw self storage facility (called ‘stores’, in   »
Having developed 2.71 million square meters of space between 2014 and 2016, Panattoni Euro   »