Ericsson highly values China's role as global supply hub

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Last updated at: (Beijing Time) Friday, November 28, 2003

Ericsson highly values China's role as global supply hub

Ericsson, the Swedish telecommunications equipment giant, said Thursday it highly values China's position as one of the company's three global supply hubs, along with Europe and North A merica.

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Ericsson, the Swedish telecommunications equipment giant, said Thursday it highly values China's position as one of the company's three global supply hubs, along with Europe and North A merica.

"China is home to some of Ericsson's research and development (R&D), manufacturing and other activities," said Ericsson President and CEO Carl-Henric Svanberg at the Ericsson Strategy and Technology Summit held here.

"It is instrumental in supporting Ericsson's leading technology and solutions that support Ericsson's customers to meet the communication needs of end users," he said.

Jan Malm, president of Ericsson China, described the telecommunications market in China as "fast-growing and highly competitive" with "great potential." He said Ericsson's investment,local purchasing and spending on R&D in China by the year 2005 will double the figures for 2000.

Ericsson now has four wholly-owned companies, 10 joint venturesand 26 representative offices across China, with its full-line production capacity located in Beijing, Nanjing and Chongqing.

The Beijing Ericsson Putian Mobile Communication Co., Ltd., which manufactures mobile terminals for Sony Ericsson, earned 4.97 billion yuan (598 million US dollars) in sales and 301 million US dollars in exports in 2002. During the first half of 2003, the company was listed as Beijing's largest and China's fourth-largest overseas-funded enterprise in terms of exports.

Nanjing Ericsson Panda Communication Co., Ltd., Ericsson's largest joint venture in China, has become Ericsson's logistics flow control center for the Asia-Pacific region, said Malm.

Hakan Eriksson, Ericsson's vice president and general manager for R&D, said that by the end of 2000, Ericsson had recorded an accumulated investment of 290 million US dollars in R&D and human resource development in China. The investment in R&D in China willhit 500 million dollars between 2001 and 2005.

Ericsson now has six R&D centers and projects in China, which serve its worldwide businesses.

Meanwhile, Ericsson has expressed its strong support for China's evolution into third generation (3G) mobile communications.

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