Beijing - May 7, 2012: Lenovo Group and the Wuhan
government today held a groundbreaking ceremony for the
establishment of the Lenovo (Wuhan) Industrial Base. The
site will include integrated facilities for mobile Internet
product R&D, production and sales. The new facility will
help drive Lenovo's innovation capability in the field of
mobile Internet and optimize its global supply chain,
helping the Company to develop and deliver new mobile
internet products and bring them to its customers even
faster. Total investment over the next five years is
expected to be approximately RMB5 billion, and the facility
will begin operations in October 2013.
"As an industry leader, we are aggressively moving forward
into the PC Plus era, and with our Mobile Internet Digital
Home group actively engaged, we are accelerating
development in smart phones, tablets, and other mobile
Internet terminal markets," said Yang Yuanqing, Lenovo
Group chairman and CEO. "We're determined to firmly
seize the tremendous opportunities for innovation in this
market, so that Lenovo's customers have even more
opportunities to own our award-winning products, from
PCs to mobile Internet devices. "When it begins operations,
the Lenovo (Wuhan) Industrial Base will greatly improve our
innovative capability and further optimize our supply
chain, giving us a solid foundation to win in a broader
market."
The Lenovo (Wuhan) Industrial Base will mainly focus on the
R&D, production and sales of smartphones, tablets and other
mobile devices that will cover the Chinese and global
markets. By 2014 total sales revenue from the industrial
base is expected to reach RMB10 billion, increasing to
RMB50 billion within the next five years. The facility also
has the potential to create nearly 10,000 job opportunities
in the coming years, in a variety of related businesses.
Included in this number, Lenovo within the next few years
expects to employee several thousand R&D and management
staff located at Wuhan, focused solely on advancing R&D in
mobile Internet devices and application. The Lenovo (Wuhan)
Industrial Base will help improve Lenovo's entire supply
chain as well as its R&D and marketing systems, by building
even more end-to-end product capability.
As the central city supported by China's strategy of
promoting the development of central regions, Wuhan hosts
the nation's second independent innovation demonstration
area after Beijing's Zhongguancun. Wuhan has benefitted
from the government's efforts to promote the development of
China's central and western regions and has great growth
potential, having already attracted investment from many
Fortune 500 companies.
At the end of 2011, Lenovo became the world's second-largest PC maker after being the world's fastest growing PC maker for nine consecutive quarters. At the same time, Lenovo's mobile Internet business made significant progress. The company is now a top-three smart phone maker in China with double-digit market share, and the second-place tablet maker with a market share of 16.5%, far ahead of its competitors in the android market.
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