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

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News