Huawei boosts European procurement spend to more than $4 billion

Will Green is news editor of Supply Management
24 October 2014

Huawei is expecting to boost its procurement spend in Europe by 20 per cent to more than $4 billion this year.

The Chinese IT company spent $3.4 billion on components, engineering and logistical services in 2013 but plans to increase this to $4.08 billion by 2015.

At its European Partner Convention in Germany the firm, which deals with more than 3,000 suppliers in Europe, said spending was “gathering further speed” as part of plans to expand in the region.

Kevin Tao, president of Huawei Western Europe, said: “Europe remains our top investment destination.

“Europe’s fertile IT environment, and the trust of our valuable European partners, has enabled us to get us to get where we are today. As our engagement with the European business environment deepens, procurement will be continually increasing to fuel this expansion.”

Huawei said it plans to hire 5,500 more staff in Europe in the next five years, as part of wider investment, and to double its current 850 R&D staff in the next three years.

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