toggle

AAPL Stock: 122.77 ( 0 )

Printed from http://www.macnn.com

Lenovo to invest $792m in new mobile plant in Wuhan, China

updated 11:33 am EDT, Mon May 7, 2012

R&D, production and sales plant due to open in October, 2013

Lenovo will build a new production, R&D, and sales facility in Wuhan, China, the PC maker announced on Monday. Called the Lenovo (Wuhan) Industrial Base, the facility will focus on smartphones and tablets while employing several thousand employees. The company will invest about RMB5 billion ($792) over the next five years, with a scheduled opening date of October, 2013.

The facility will also strengthen Lenovo's supply chain in the Chinese and global markets. It's expected the facility will also create some 10,000 jobs in the coming years in related businesses, suppliers, and builders. Once it launches, the industrial base is estimated to reach sales revenue of RMB10 billion ($1.58 billion) in 2014, and increase to RMB50 billion (about $7.9 billion) within five years.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented