Friday, July 27, 2007
Lenovo Group Ltd. is going to spend 30 million dollars on new manufacturing and fulfillment plants in Mexico and India in order to extend PC production.
Lenovo, the world's third-largest PC manufacturer, is also scouting locations in central and eastern Europe for other plants, part of the company's strategy to beef up its presence in what it called "economically vital" markets.
The Monterrey, Mexico, facility is due to open in mid-2008. It will represent Lenovo's largest manufacturing investment outside of China, capable of producing five million PCs annually. It will employ 750 and supply computers to the Americas.
The smaller plant at Baddi, in Himachal Pradesh, India, could start churning out PCs as soon as September and will eventually have a capacity of two million computers annually, Lenovo said. That plant will have 350 employees and supply the growing market in India.
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