Chinese company ZTE plans total investments of EUR 100 million in Romania

Chinese telecom equipment producer ZTE will carry out an investment program of around EUR 100 million in Romania by 2015, according to Lorian Vintila, head of ZTE Romania. The money will be invested in two service centers and a production line. In the first phase, the company will allocate EUR 16 million for a service center in western Romania. “In the second phase of the investment, which will be completed in the second half of next year, we’ll open another service center in southern Romania, the allocated amount being EUR 23 million,” said Vintila, quoted by local news agency Mediafax. The rest of the money from the total amount of EUR 100 million will be invested in a telecom equipment production line. According to Lorian Vintila, ZTE Romania currently has 150 employees. Founded in 1985, ZTE Corporation has operations in 160 countries. The company is listed on both the Hong Kong and Shenzhen Stock Exchanges. Irina Popescu, irina.popescu@romania-insider.com