ZTE announced that the company will establish an industrial park in Hortolandia, Brazil, according to an April 14, 2011 press release by ZTE. As per the agreement, the industrial park will be used as a R&D center, production base, training center, and a logistics center. It is reported that the industrial park will be ZTE's first R&D center in Latin America. The new industrial park is expected to hire approximately 2,000 employees. Financial details of the agreement are not disclosed, according to the same source.