ST.
PETERSBURG, Russia, June 9 (Xinhua) -- China's leading telecom provider, Huawei
Technologies Co. Ltd., will increase investment in Russia, senior management
officials said here on Saturday.
"We will increase investment in Russia, enhancing
local research and development, as well as providing better service for Russian
clients and consumers," said Sun Yafang, chairwoman of board of directors at a
ceremony marking the company's 10th anniversary of operations in Russia.
She did not give further details, only pledging that
Huawei will insist on the localization of the industry.
Huawei has set up jointly-funded factories and labs
in Russia with a total sales volume of 1.2 billion U.S. dollars till 2006 and
some 1,000 local employees.
Chinese Vice Premier Wu Yi and Russian Deputy Prime
Minister Alexander Zhukov were present at the occasion.
"Chinese companies, typically Huawei, have
contributed to the Sino-Russia cooperation in the telecommunication sector by
providing quality products, solutions and back-up service," said Xi Guohua,
Chinese vice minister of Information Industry.
Huawei has established more than 100 branches
worldwide, including research and development centers in Russia. It has more
than 1 billion customers and top telecommunications service providers as clients
in more than 100 countries.
The company's annual sales income totaled 11 billion
U.S. dollars last year, of which, some 70 percent were from the international
market.
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