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| Monday, 17 January 2005 |
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Huwaei Technologies to manufacture mobiles here by Shirajiv Sirimane Huawei Technologies, a leading supplier of telecom equipment and solutions in China has decided to invest further in the telecommunication industry in Sri Lanka. Senior Vice President of the Huawei, Chen Chaohui who is now touring Sri Lanka and the other Tsunami affected countries said that they have already invested 15 million US dollars in Sri Lanka last year. "The company have already received BOI approval for the projects and have signed an agreement with MTN Networks Ltd, provider of Dialog mobile phones and we hope to tie up with other companies as well," he said. The company which reached a US$5.58 billion turnover for the last year, recording a 45 percent growth compared to the previous year and recorded a new sales target in the company's 17-year history, is also looking at setting up their regional office, sales and Service centre in Sri Lanka. "We would then move in to manufacturing terminals, mobile phones in Sri Lanka. We also hope to export our products to the South Asian region from Colombo," he said. The Company manufactures over 20 types of Mobile phones of prices ranging from US 50 to 500. Most Huawel parts are installed in other leading mobile phones. "Most telecom networks get jammed during peak hours such as midnight on 31st night or in a crisis situation such as the Tsunami. We offer permanent solutions to this problem," he said. He said that their outstanding financial performance was a result of the company's continued strong growth in the international market, which recorded a 117 percent growth from US$1.05 billion in 2003 to US$2.28 billion in 2004. "Our South Asian market from India, Bangladesh and Pakistan is strong. We want to add Sri Lanka for our international market expansion plans in a bid to increase our global presence and drive sales in overseas markets," he said. He said that there are over 1,000 employed in India and another 1,000 in Bangladesh, Pakistan and Nepal. "Sri Lanka's telecommunication penetration is very high and the market too is growing very fast. The government is very positive and we see a tremendous growth opportunity in Sri Lanka," he said. In China, Huawei has built the world's largest Softswitch network for China Mobile. The project was completed on November 27, 2004 to carry 17951 provincial inter-network traffic across 31 provinces in China, with the total traffic equivalent to one-third of the traditional provincial network traffic. Sales from the domestic China market continued at an 18 percent increase from US$2.78 billion in 2003 to US$3.3 billion in 2004. A private high-tech company established in 1988 and fully owned by its staff. 22,000 staff members (10,000 more engaged in R&D); more than 10% annual revenue invested in R&D A global supplier with products deployed in over 70 countries including Germany, UK, France, Russia, Brazil, Singapore, Thailand and the South Asian region. |
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