Building Work on Lenovo’s First European Plant Wraps Up

(Yicai World) June 15 — Construction of Lenovo’s initial factory in Europe has been done, in accordance to the Chinese personalized laptop maker.

The plant, which addresses an space of 50,000 sq. meters in the city of Ollo, in the vicinity of Hungary’s capital city of Budapest, was concluded yesterday, Beijing-based mostly Lenovo explained in a WeChat submit yesterday. It will mainly generate superior-stop Laptop workstations, servers, and storage methods, and will be ready to turn out 4,000 workstations and 1,000 servers a day.

Lenovo introduced in 2020 that it would spend more than EUR20 million (USD20.9 million) on the new manufacturing facility to meet up with European market place demand. It also is predicted to create about 1,000 neighborhood positions, Xinhua News Agency reported at the time.

As enterprise continues to develop globally for the world’s largest Pc maker, the Hungarian plant will turn into the cornerstone of its development in Europe, mentioned Guan Wei, Lenovo’s senior vice president for global provide chain. The manufacturing facility will superior serve European consumers, demonstrate to purchasers the company’s manufacturing potential, and greatly enhance the world-wide impact of Chinese brands, he included.

Europe, the Center East and Africa account for nearly 25 p.c of Lenovo’s small business. EMEA revenues jumped 15 per cent to USD18.3 billion in the fiscal yr ended March 31 from a 12 months previously, for each the company’s most recent annual fiscal report. Total revenue climbed almost 18 p.c to USD71.6 billion.

With virtually 82 million Computer system shipments and a 23.5 percent share of the worldwide market, Lenovo continued to rank initially worldwide very last calendar year, according to current market research agency IDC.

Editor: Futura Costaglione