Hong Kong, China, 14 April – Chinese telecommunications equipment company ZTE announced, during Brazilian President Dilma Rousseff’s visit to China, that it plans to set up a high technology industrial park in Hortolândia, 105 kilometres from the city of Sao Paulo in Brazil.
It will be the company’s first research and development centre in Latin America.
Sources from the company estimate that investment in the project will total US$250 million.
The industrial park will include a research and development centre, a production unit, a training centre, a logistics centre and will create 2,000 jobs.
The Chinese company currently has around 600 workers in Brazil.
As well as telecommunications equipment, the company, which is based in Shenzhen, next to Hong Kong, manufactures wireless products, such as mobile phones and tablet pc’s.
ZTE is the fourth-largest telecommunications equipment manufacturer in the world by sales after Nokia Siemens Networks, Telefon AB L.M. Ericsson and Huawei Technologies. (macauhub)