Printed from http://www.electronista.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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News