Lucent sees opportunity in China

19 Aug 2005

The chief executive of Lucent Technologies has revealed that the manufacturer is eyeing China as a source of future growth. Patricia Russo told Xinhua news agency that China is “an important growth area for Lucent’s global businesses and an important resource center”. She added: “By leveraging local talent, local manufacturing and integration, local sourcing, local R&D, and local services support, we are now more effectively providing products, solutions and services for our customers globally.” The US equipment supplier has invested a total of USD2.9 billion in China since it first entered the market in 1985 and currently has around 4,000 employees there.