SHENZHEN, China--(BUSINESS WIRE)--ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, has announced plans to build a new industrial park in the Brazilian city of Hortolândia.
The City Mayor Ângelo Perugini signed the agreement in China in the presence of Brazilian President Ms. Dilma Rousseff and Mr. Hu Jintao, President of the People's Republic of China, during the signing of bilateral agreements between the two countries.
“This unit will be responsible for servicing the whole of South America and it will consolidate Brazil as the operational center of the region. The industrial park, which includes a research and development center, production plant, training center and a logistics center, will also be ZTE’s first R&D center in Latin America,” said the President of ZTE Brazil, Mr. Yuan Lie. ZTE purchased the land in Brazil to be used for the project.
During the Brazil-China trade seminar, President Rousseff highlighted the fact that China will share with Brazil its experience in infrastructure and technology as it prepares for the 2016 Olympic Games in Rio de Janeiro.
The construction of the industrial park in Hortolândia will enable ZTE to offer its technological expertise. Mr. Eliandro Ávila, CEO of ZTE Brazil, said: “ZTE is a practical example of how the integration among Chinese and Brazilian people might be rich and successful. ZTE’s Brazilian operation started in 2001 and since then it has reported annual average growth of more than 100% for the past three years.” He also added that the major contribution of ZTE to the Brazilian market has been innovation, bringing in high-value products to operators, and to customers.
While in China, President Rousseff will also visit ZTE’s state-of-the-art R&D center for telecommunications equipment.
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while achieving continued revenue growth. ZTE’s 2010 revenue led the industry with a 21% increase to USD10.609 billion. ZTE commits 10 percent of its revenue to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact. ZTE is China’s only listed telecom manufacturer, publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.