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

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News