Hewlett-Packard Selects Barcelona For Its European Administrative and Financial Center of the Test and Measurement Organization.NEW YORK--(BUSINESS WIRE)--June 9, 1999-- CIDEM CIDEM Center for Inherited Disorders of Energy Metabolism , the Catalonia Office of Foreign Investment, is pleased to report that Hewlett-Packard Company has announced its decision to locate its European Administrative and Financial Center of the Test and Management Organization in Barcelona (Spain). This multilingual mul·ti·lin·gual adj. 1. Of, including, or expressed in several languages: a multilingual dictionary. 2. business center will support the company's Test and Measurement activities in Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the , applying advanced technology in carrying out its activities. The new center will start operations within the next six months and will employ approximately 200 people. Hewlett-Packard's Test and Measurement Organization is the world leader in providing solutions aimed at increasing the efficiency and quality of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. operators, network equipment manufacturers, education and research, consumer electronics, defense and semiconductor industries. Hewlett-Packard is no stranger to doing business in Catalonia; it has two operations in Sant SANT South African Native Trust Cugat: The Barcelona division, responsible for the design, marketing and manufacture of large-format printers See wide-format printer. , and a European operation responsible for the manufacture and distribution in Europe of ink-jet technology printers. In Spain, Hewlett-Packard billed $1.37 Billion in 1998, which represents an increase of 19.3% with respect to the previous fiscal year, 1997. This year Hewlett-Packard has carried out exports in the amount of $741MM from its R&D and production center in Barcelona. This new decision corroborates Catalonia's capabilities to support activities with an international scope, as well as its competitive edge in Europe. Southern Europe's most cosmopolitan cos·mo·pol·i·tan adj. Growing or occurring in many parts of the world; widely distributed. n. A cosmopolitan organism. city, Barcelona offers foreign investors access to an ever increasing multilingual workforce with the advantage of competitive labor costs; abundant, high-quality office space and one of the lowest tax rates in the EU. The industrial heartland of Spain, Catalonia's world-class telecommunications infrastructure boasting easy-access to digital, radio and satellite communications, has produced a thriving service center industry with rapid growth in call centers, backup offices and administrative and financial centers. |
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